Kellogg Co (K) Holder Beutel Goodman & Co LTD Upped Its Holding by $11.52 Million as Market Value Declined; Fifth Third Bancorp Position in Pfizer (PFE) Has Lowered by $1.82 Million as Stock Declined

April 26, 2018 - By Ellis Scott

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Fifth Third Bancorp decreased its stake in Pfizer Inc (PFE) by 1.63% based on its latest 2017Q4 regulatory filing with the SEC. Fifth Third Bancorp sold 50,490 shares as the company’s stock declined 3.13% with the market. The institutional investor held 3.05M shares of the health care company at the end of 2017Q4, valued at $110.38 million, down from 3.10 million at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in Pfizer Inc for a number of months, seems to be less bullish one the $218.19 billion market cap company. The stock decreased 1.03% or $0.38 during the last trading session, reaching $36.68. About 26.31M shares traded or 4.23% up from the average. Pfizer Inc. (NYSE:PFE) has risen 2.43% since April 26, 2017 and is uptrending. It has underperformed by 9.12% the S&P500.

Beutel Goodman & Co Ltd increased its stake in Kellogg Co (K) by 6.5% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 213,243 shares as the company’s stock declined 5.46% with the market. The institutional investor held 3.50M shares of the packaged foods company at the end of 2017Q4, valued at $189.88M, up from 3.28 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Kellogg Co for a number of months, seems to be bullish on the $21.13 billion market cap company. The stock increased 0.81% or $0.49 during the last trading session, reaching $60.95. About 2.22 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since April 26, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Since December 13, 2017, it had 0 buys, and 7 insider sales for $165.22 billion activity.

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $13.89B US Long portfolio, decreased its stake in Telus Corp (NYSE:TU) by 136,672 shares to 11.33 million shares, valued at $431.20 million in 2017Q4, according to the filing. It also reduced its holding in Bank Of Nova Scotia (NYSE:BNS) by 64,655 shares in the quarter, leaving it with 15.55M shares, and cut its stake in Cameco Corp (NYSE:CCJ).

Among 26 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Kellogg Company had 74 analyst reports since August 5, 2015 according to SRatingsIntel. Piper Jaffray upgraded Kellogg Company (NYSE:K) on Wednesday, February 28 to “Buy” rating. RBC Capital Markets maintained Kellogg Company (NYSE:K) rating on Friday, August 4. RBC Capital Markets has “Sector Perform” rating and $81 target. RBC Capital Markets maintained Kellogg Company (NYSE:K) on Friday, August 5 with “Sector Perform” rating. The company was maintained on Friday, February 9 by Citigroup. As per Thursday, August 3, the company rating was maintained by Susquehanna. As per Tuesday, October 31, the company rating was maintained by Piper Jaffray. The stock of Kellogg Company (NYSE:K) has “Neutral” rating given on Wednesday, February 24 by UBS. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 24 report. RBC Capital Markets maintained Kellogg Company (NYSE:K) on Wednesday, November 1 with “Hold” rating. RBC Capital Markets maintained Kellogg Company (NYSE:K) rating on Monday, June 19. RBC Capital Markets has “Hold” rating and $8100 target.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.05, from 0.86 in 2017Q3. It increased, as 60 investors sold K shares while 212 reduced holdings. 82 funds opened positions while 166 raised stakes. 309.07 million shares or 0.67% more from 307.00 million shares in 2017Q3 were reported. Rodgers Brothers Inc stated it has 57,169 shares or 1.27% of all its holdings. Citigroup Inc accumulated 124,409 shares. Walleye Trading Limited Liability Company has invested 0% in Kellogg Company (NYSE:K). Stephens Ar stated it has 0.03% of its portfolio in Kellogg Company (NYSE:K). Wetherby Asset Management invested in 3,454 shares. Global Thematic Prns Ltd Llc has invested 2.88% in Kellogg Company (NYSE:K). Qs Invsts Limited Liability Corporation invested in 0.07% or 113,793 shares. M&R Cap Mgmt has invested 0.02% in Kellogg Company (NYSE:K). 7,271 are held by Campbell & Inv Adviser Limited Liability. Johnson Fin Gru Inc has invested 0.01% of its portfolio in Kellogg Company (NYSE:K). Twin Tree Limited Partnership accumulated 33,935 shares. Bankshares Of Mellon holds 0.08% or 4.24M shares in its portfolio. State Of New Jersey Common Pension Fund D invested in 0.03% or 130,000 shares. Highstreet Asset, a Ontario – Canada-based fund reported 12,871 shares. Dillon & Assocs stated it has 0.25% of its portfolio in Kellogg Company (NYSE:K).

Fifth Third Bancorp, which manages about $14.70 billion US Long portfolio, upped its stake in Starwood Ppty Tr Inc (NYSE:STWD) by 73,766 shares to 507,732 shares, valued at $10.84 million in 2017Q4, according to the filing. It also increased its holding in Lumentum Hldgs Inc by 11,864 shares in the quarter, for a total of 12,525 shares, and has risen its stake in Juniper Networks Inc (NYSE:JNPR).

Analysts await Pfizer Inc. (NYSE:PFE) to report earnings on May, 1 before the open. They expect $0.73 earnings per share, up 5.80% or $0.04 from last year’s $0.69 per share. PFE’s profit will be $4.34B for 12.56 P/E if the $0.73 EPS becomes a reality. After $0.62 actual earnings per share reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts 17.74% EPS growth.

Among 22 analysts covering Pfizer (NYSE:PFE), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. Pfizer had 78 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Leerink Swann given on Monday, May 2. Cowen & Co upgraded Pfizer Inc. (NYSE:PFE) on Tuesday, October 20 to “Outperform” rating. SunTrust maintained it with “Hold” rating and $33.0 target in Monday, October 16 report. Cowen & Co maintained Pfizer Inc. (NYSE:PFE) on Monday, July 10 with “Buy” rating. Piper Jaffray maintained it with “Overweight” rating and $48 target in Friday, August 28 report. Jefferies maintained Pfizer Inc. (NYSE:PFE) on Thursday, July 14 with “Buy” rating. Barclays Capital downgraded the stock to “Equal-Weight” rating in Thursday, April 5 report. On Friday, April 28 the stock rating was maintained by BMO Capital Markets with “Hold”. Jefferies maintained the shares of PFE in report on Thursday, October 26 with “Hold” rating. The firm earned “Buy” rating on Tuesday, September 13 by Jefferies.

Kellogg Company (NYSE:K) Institutional Positions Chart

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