Arosa Capital Management LP Decreased Targa Res (TRGP) Holding as Stock Declined; Benchmark Capital Advisors Position in Mondelez Intl Cl A (MDLZ) Has Lowered by $615,000 as Share Value Declined

June 14, 2018 - By Louis Casey

Mondelez International, Inc. (NASDAQ:MDLZ) Logo

Arosa Capital Management Lp decreased its stake in Targa Res Corp (TRGP) by 22.8% based on its latest 2018Q1 regulatory filing with the SEC. Arosa Capital Management Lp sold 60,000 shares as the company’s stock declined 0.85% with the market. The institutional investor held 203,211 shares of the public utilities company at the end of 2018Q1, valued at $8.94M, down from 263,211 at the end of the previous reported quarter. Arosa Capital Management Lp who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $10.65B market cap company. The stock increased 1.23% or $0.59 during the last trading session, reaching $48.52. About 1.56M shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 3.47% since June 14, 2017 and is downtrending. It has underperformed by 16.04% the S&P500. Some Historical TRGP News: 17/05/2018 – Targa Resources 10.3% Owned by Hedge Funds; 05/04/2018 – TARGA RESOURCES PARTNERS- NOTES WILL ACCRUE INTEREST AT A RATE OF 5.875% PER ANNUM, WILL MATURE ON APRIL 15, 2026, AND WERE PRICED AT PAR; 03/05/2018 – TARGA CEO SAYS GAS FLARING COULD INCREASE IN PERMIAN BASIN; 23/05/2018 – SANCHEZ MIDSTREAM PARTNERS REPORTS EXPANSION OF TARGA VENTURE; 18/04/2018 – Targa Resources Corp. Announces Quarterly Dividends; 03/05/2018 – TARGA RESOURCES 1Q REV. $2.46B, EST. $2.45B; 03/04/2018 – KP Engineering Announces Completion of Cryogenic Gas Plant for Targa Re; 09/05/2018 – Targa Resources at UBS Utility & MLP Conference Tomorrow; 03/05/2018 – Kirby Corp to Acquire Targa’s Inland Marine Tank Barge Business for $69.3M in Cash; 05/04/2018 – Moody’s Rates Targa Resources Partners’ New Notes Ba3

Benchmark Capital Advisors decreased its stake in Mondelez Intl Inc Cl A (MDLZ) by 25.2% based on its latest 2018Q1 regulatory filing with the SEC. Benchmark Capital Advisors sold 15,000 shares as the company’s stock declined 11.59% with the market. The institutional investor held 44,523 shares of the consumer non-durables company at the end of 2018Q1, valued at $1.86 million, down from 59,523 at the end of the previous reported quarter. Benchmark Capital Advisors who had been investing in Mondelez Intl Inc Cl A for a number of months, seems to be less bullish one the $59.59 billion market cap company. The stock increased 0.65% or $0.26 during the last trading session, reaching $40.4. About 5.69 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has declined 14.94% since June 14, 2017 and is downtrending. It has underperformed by 27.51% the S&P500. Some Historical MDLZ News: 05/04/2018 – Mondelez International CDS Tightens 8 Bps, Most in 19 Months; 01/05/2018 – Mondelez 1Q Operating Margin 18.1%; 19/04/2018 – EXPLAINER-Plans to end cocoa deforestation face multiple hurdles; 01/05/2018 – Mondelez Backs 2018 Organic Net Rev Growth of 1% to 2%; 02/04/2018 – Mondelez International Inc. CDS Tightens 8 Bps, Most in 19 Mos; 09/05/2018 – European Chocolate Market Report 2018-2022 – Leading Vendors are Chocoladefabriken Lindt & Sprungli, Ferrero, Mars, Mondelez International & Nestle – ResearchAndMarkets.com; 06/03/2018 – MONDELEZ INTERNATIONAL FILES PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF C$600 MLN OF 3.250% NOTES DUE 2025 – SEC FILING; 16/04/2018 – Mondelēz International Announces Early Tender Results of Its Cash Tender Offer and Consent Solicitation; 29/05/2018 – Realfiction: Realfiction receives order for 49 Dreamoc HD3 displays to be used by global snack company Mondelez; 15/05/2018 – TRIAN REDUCED MDLZ, WEN, PNR IN 1Q: 13F

Arosa Capital Management Lp, which manages about $456.37M and $719.65 million US Long portfolio, upped its stake in Patterson Uti Energy Inc (NASDAQ:PTEN) by 213,322 shares to 901,624 shares, valued at $15.79M in 2018Q1, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 235,358 shares in the quarter, for a total of 471,022 shares, and has risen its stake in Baker Hughes A Ge Co (Call).

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.28, from 1.05 in 2017Q4. It increased, as 31 investors sold TRGP shares while 105 reduced holdings. 56 funds opened positions while 125 raised stakes. 202.60 million shares or 4.63% more from 193.64 million shares in 2017Q4 were reported. Sg Americas Securities Ltd Liability holds 3,934 shares. Suntrust Banks Incorporated stated it has 0.02% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Moreover, Glenmede Company Na has 0.02% invested in Targa Resources Corp. (NYSE:TRGP) for 102,539 shares. Jane Street Gru Lc owns 45,171 shares. Meiji Yasuda Asset Mgmt owns 0.04% invested in Targa Resources Corp. (NYSE:TRGP) for 9,820 shares. Gulf Bank (Uk) has 0.04% invested in Targa Resources Corp. (NYSE:TRGP) for 72,200 shares. Walleye Trading Limited Liability holds 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 28,780 shares. Field & Main Bancorp holds 0.01% or 200 shares. Old Mutual Customised Solutions (Proprietary) Limited owns 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 3,000 shares. Signaturefd Ltd Liability Corp stated it has 22,392 shares or 0.12% of all its holdings. Sumitomo Mitsui Asset Mgmt Comm invested in 12,697 shares. Profund Advisors Limited Liability Company holds 7,348 shares or 0.01% of its portfolio. First Mercantile Tru Com owns 20,712 shares or 0.19% of their US portfolio. Linscomb & Williams accumulated 9,548 shares. 155,559 are held by Stevens Capital Mgmt Ltd Partnership.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources had 92 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Monday, April 23. The stock of Targa Resources Corp. (NYSE:TRGP) has “Outperform” rating given on Friday, October 13 by Wells Fargo. The stock of Targa Resources Corp. (NYSE:TRGP) has “Hold” rating given on Wednesday, April 5 by Jefferies. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 30. Raymond James downgraded Targa Resources Corp. (NYSE:TRGP) on Monday, January 4 to “Mkt Perform” rating. The stock has “Outperform” rating by Raymond James on Thursday, January 12. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 5 report. As per Wednesday, November 4, the company rating was maintained by RBC Capital Markets. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Hold” rating by Wells Fargo on Tuesday, November 7. UBS maintained it with “Buy” rating and $5900 target in Thursday, June 22 report.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on August, 2. They expect $-0.08 EPS, down 157.14% or $0.22 from last year’s $0.14 per share. After $-0.03 actual EPS reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts 166.67% negative EPS growth.

More important recent Targa Resources Corp. (NYSE:TRGP) news were published by: Benzinga.com which released: “Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded” on June 12, 2018, also Fool.com published article titled: “Energy Investors Are Overlooking Kinder Morgan’s Huge Growth Opportunity”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” on June 12, 2018. More interesting news about Targa Resources Corp. (NYSE:TRGP) was released by: Globenewswire.com and their article: “Targa Resources Partners LP Announces Monthly Distribution on Preferred Units” with publication date: May 16, 2018.

Investors sentiment increased to 1.04 in Q1 2018. Its up 0.04, from 1 in 2017Q4. It is positive, as 46 investors sold MDLZ shares while 390 reduced holdings. 101 funds opened positions while 352 raised stakes. 1.06 billion shares or 0.62% less from 1.07 billion shares in 2017Q4 were reported. 575 are held by Gradient Invests Ltd Limited Liability Company. 207,181 were accumulated by Mason Street Advsr Llc. Tower Research Cap Lc (Trc) has invested 0.07% in Mondelez International, Inc. (NASDAQ:MDLZ). Miles holds 5,359 shares or 0.12% of its portfolio. Hap Trading Llc accumulated 199,893 shares. Bowen Hanes & owns 5,310 shares. Sandhill Cap Ptnrs Limited Co invested in 0.08% or 11,188 shares. Bb&T Secs Ltd holds 0.09% or 180,082 shares. Tcw Group stated it has 0% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Covington Capital Management has 264,381 shares for 0.73% of their portfolio. Duff & Phelps Invest Management reported 0.01% stake. Strategic Wealth Advsr Group Limited Liability Company holds 0.07% or 28,388 shares. Alpha Windward Ltd Liability Com accumulated 6,942 shares or 0.18% of the stock. Pitcairn holds 0.04% in Mondelez International, Inc. (NASDAQ:MDLZ) or 9,689 shares. Umb Bank N A Mo holds 0.05% or 35,895 shares.

Since February 16, 2018, it had 2 buys, and 3 sales for $1.03 billion activity. Shares for $793.31M were sold by MAY PETER W. The insider Weber Hubert sold 10,931 shares worth $478,668. BUNCH CHARLES E also bought $87,800 worth of Mondelez International, Inc. (NASDAQ:MDLZ) shares.

More important recent Mondelez International, Inc. (NASDAQ:MDLZ) news were published by: Seekingalpha.com which released: “Many Large US Firms Sell, Hire And Invest More Overseas Than In US And They Have To Think Globally, Not …” on June 14, 2018, also Globenewswire.com published article titled: “MondelÄ“z International to Present at the Bernstein Strategic Decisions Conference”, Nasdaq.com published: “Mondelez International Invests $200 Million in Czech Biscuit Plant to Accelerate Growth in Europe” on June 14, 2018. More interesting news about Mondelez International, Inc. (NASDAQ:MDLZ) was released by: Globenewswire.com and their article: “MondelÄ“z International Completes Acquisition of Tate’s Bake Shop” with publication date: June 07, 2018.

Benchmark Capital Advisors, which manages about $225.46M and $126.50M US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 23,250 shares to 45,250 shares, valued at $2.36 million in 2018Q1, according to the filing.

Among 23 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 18 have Buy rating, 1 Sell and 4 Hold. Therefore 78% are positive. Mondelez International Inc had 66 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) earned “Buy” rating by Buckingham Research on Monday, October 19. The firm has “Hold” rating by Deutsche Bank given on Thursday, November 10. The firm earned “Buy” rating on Monday, April 16 by Credit Suisse. On Monday, September 18 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Overweight” rating by JP Morgan on Tuesday, September 6. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, August 8 report. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) earned “Overweight” rating by Morgan Stanley on Thursday, February 1. Credit Suisse maintained it with “Outperform” rating and $48 target in Tuesday, October 31 report. On Thursday, February 4 the stock rating was upgraded by Canaccord Genuity to “Buy”.

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on August, 1. They expect $0.54 earnings per share, up 12.50% or $0.06 from last year’s $0.48 per share. MDLZ’s profit will be $796.54M for 18.70 P/E if the $0.54 EPS becomes a reality. After $0.62 actual earnings per share reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts -12.90% negative EPS growth.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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