Allen Investment Management Stake in Mondelez Intl (MDLZ) Boosted by $2.05 Million as Share Price Declined; P2 Capital Partners Cut Its Position in Cott Que (COT) by $17.95 Million

May 23, 2018 - By Michael Collier

Cott Corporation (NYSE:COT) Logo

Claus Moller decreased its stake in Cott Corp Que (COT) by 42.53% based on its latest 2017Q4 regulatory filing with the SEC. P2 Capital Partners Llc sold 1.12M shares as the company’s stock declined 12.13% with the market. The hedge fund run by Claus Moller held 1.52M shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $25.26 million, down from 2.64 million at the end of the previous reported quarter. P2 Capital Partners Llc who had been investing in Cott Corp Que for a number of months, seems to be less bullish one the $2.23 billion market cap company. The stock decreased 0.75% or $0.12 during the last trading session, reaching $15.87. About 513,735 shares traded. Cott Corporation (NYSE:COT) has risen 19.84% since May 23, 2017 and is uptrending. It has outperformed by 8.29% the S&P500.

Allen Investment Management Llc increased its stake in Mondelez Intl Inc (MDLZ) by 476.2% based on its latest 2017Q4 regulatory filing with the SEC. Allen Investment Management Llc bought 48,911 shares as the company’s stock declined 5.65% with the market. The hedge fund held 59,182 shares of the consumer non-durables company at the end of 2017Q4, valued at $2.53M, up from 10,271 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Mondelez Intl Inc for a number of months, seems to be bullish on the $58.16B market cap company. The stock increased 0.23% or $0.09 during the last trading session, reaching $39.43. About 4.56M shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has declined 6.02% since May 23, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Since March 8, 2018, it had 0 insider purchases, and 3 selling transactions for $1.11 million activity. The insider Poe Marni Morgan sold 30,000 shares worth $475,200. Wells Jay sold $557,200 worth of stock.

P2 Capital Partners Llc, which manages about $1.22B and $847.72 million US Long portfolio, upped its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 851,185 shares to 1.17M shares, valued at $91.69M in 2017Q4, according to the filing. It also increased its holding in Maximus Inc (NYSE:MMS) by 7,000 shares in the quarter, for a total of 319,252 shares, and has risen its stake in Aci Worldwide Inc (NASDAQ:ACIW).

Among 11 analysts covering Cott Corporation (NYSE:COT), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Cott Corporation had 41 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets upgraded the shares of COT in report on Wednesday, June 7 to “Outperform” rating. RBC Capital Markets upgraded Cott Corporation (NYSE:COT) on Tuesday, September 8 to “Outperform” rating. BMO Capital Markets maintained it with “Outperform” rating and $19 target in Friday, March 2 report. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, December 6. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. JP Morgan reinitiated the shares of COT in report on Thursday, June 9 with “Neutral” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, September 27. The firm earned “Hold” rating on Thursday, January 4 by Jefferies. The rating was maintained by Credit Suisse on Friday, November 10 with “Outperform”. The stock has “Hold” rating by Jefferies on Tuesday, June 20.

Analysts await Cott Corporation (NYSE:COT) to report earnings on August, 2. They expect $0.10 earnings per share, up 66.67% or $0.04 from last year’s $0.06 per share. COT’s profit will be $14.04 million for 39.68 P/E if the $0.10 EPS becomes a reality. After $-0.02 actual earnings per share reported by Cott Corporation for the previous quarter, Wall Street now forecasts -600.00% EPS growth.

More recent Cott Corporation (NYSE:COT) news were published by: Bizjournals.com which released: “Cott could ‘buy the FARM,’ analyst report says” on May 17, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For May 10, 2018” on May 10, 2018. Streetinsider.com‘s news article titled: “Farmer Bros Co (FARM) Gains as Analyst Discusses Cott (COT) Takeover Speculation” with publication date: May 17, 2018 was also an interesting one.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.35, from 1.42 in 2017Q3. It dived, as 10 investors sold COT shares while 48 reduced holdings. 27 funds opened positions while 35 raised stakes. 98.88 million shares or 3.10% less from 102.05 million shares in 2017Q3 were reported. New York-based Jpmorgan Chase has invested 0% in Cott Corporation (NYSE:COT). Pcj Counsel stated it has 123,555 shares. The Connecticut-based Quantitative Systematic Strategies Limited Liability Company has invested 0.09% in Cott Corporation (NYSE:COT). Envestnet Asset Mngmt holds 0% or 472 shares. 377,364 were accumulated by Clearbridge Invests Ltd Com. Laurion LP owns 867,011 shares. Wells Fargo Mn, a California-based fund reported 1.84M shares. Deutsche Commercial Bank Ag accumulated 1.20M shares or 0.01% of the stock. Acadian Asset Ltd Company accumulated 0% or 19 shares. Davis invested in 0.68% or 73,742 shares. Thompson Siegel Walmsley Limited Liability Corporation has 0.14% invested in Cott Corporation (NYSE:COT). 6.06 million are held by Millennium Limited Liability Corp. Levin Capital Strategies Limited Partnership reported 3.22 million shares or 0.91% of all its holdings. Tudor Investment Et Al holds 28,320 shares or 0.01% of its portfolio. Bancorp Of America De reported 380,735 shares stake.

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. As per Friday, October 13, the company rating was maintained by UBS. The firm has “Buy” rating given on Wednesday, February 24 by UBS. On Thursday, February 1 the stock rating was maintained by Morgan Stanley with “Overweight”. BMO Capital Markets maintained the shares of MDLZ in report on Wednesday, September 6 with “Buy” rating. Buckingham Research initiated it with “Buy” rating and $56 target in Monday, October 19 report. The stock has “Outperform” rating by Credit Suisse on Tuesday, January 19. The rating was maintained by JP Morgan on Wednesday, November 1 with “Overweight”. RBC Capital Markets maintained the shares of MDLZ in report on Tuesday, April 24 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Friday, October 13. As per Tuesday, October 31, the company rating was maintained by Buckingham Research.

Investors sentiment increased to 1 in Q4 2017. Its up 0.16, from 0.84 in 2017Q3. It improved, as 56 investors sold MDLZ shares while 388 reduced holdings. 107 funds opened positions while 338 raised stakes. 1.07 billion shares or 1.13% less from 1.08 billion shares in 2017Q3 were reported. Shamrock Asset Mngmt Limited Liability Corp holds 751 shares. 14,404 are owned by Hilton Cap Management Ltd Liability Corp. Ww Asset reported 126,602 shares. Lee Danner & Bass stated it has 341,009 shares or 1.48% of all its holdings. Buckingham Asset Management Limited Co, a Missouri-based fund reported 8,765 shares. Invesco, Georgia-based fund reported 29.64 million shares. Mitchell Sinkler Starr Pa invested in 8,420 shares. 7,907 are held by Wendell David. Heritage Wealth invested in 34,066 shares or 0.62% of the stock. Wallace Capital Mgmt invested 0.31% in Mondelez International, Inc. (NASDAQ:MDLZ). New Mexico Educational Retirement Board accumulated 0.23% or 144,876 shares. Coldstream Mgmt holds 3,093 shares or 0.01% of its portfolio. Crestpoint Capital Lc stated it has 0.12% in Mondelez International, Inc. (NASDAQ:MDLZ). Jarislowsky Fraser Ltd reported 0.3% stake. M&T Natl Bank Corporation has invested 0.09% in Mondelez International, Inc. (NASDAQ:MDLZ).

Allen Investment Management Llc, which manages about $2.32 billion and $2.24B US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 16,640 shares to 4,925 shares, valued at $1.13 million in 2017Q4, according to the filing. It also reduced its holding in Monsanto Co New (NYSE:MON) by 406,822 shares in the quarter, leaving it with 77,743 shares, and cut its stake in Credit Accep Corp Mich (NASDAQ:CACC).

Cott Corporation (NYSE:COT) Institutional Positions Chart

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