Ruane Cunniff & Goldfarb Cut Its Credit Accep Mich (CACC) Holding by $997,747; Valuation Rose; Northstar Asset Management Has Decreased Its Mondelez International (MDLZ) Position by $529,200 as Share Value Declined

May 18, 2018 - By Linda Rogers

Mondelez International, Inc. (NASDAQ:MDLZ) Logo

Northstar Asset Management Llc decreased its stake in Mondelez International (MDLZ) by 26.59% based on its latest 2017Q4 regulatory filing with the SEC. Northstar Asset Management Llc sold 12,600 shares as the company’s stock declined 5.65% with the market. The institutional investor held 34,778 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.49M, down from 47,378 at the end of the previous reported quarter. Northstar Asset Management Llc who had been investing in Mondelez International for a number of months, seems to be less bullish one the $58.30 billion market cap company. It closed at $39.52 lastly. It is down 6.02% since May 18, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Ruane Cunniff & Goldfarb Inc decreased its stake in Credit Accep Corp Mich (CACC) by 0.29% based on its latest 2017Q4 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc sold 3,089 shares as the company’s stock rose 1.15% while stock markets declined. The institutional investor held 1.07 million shares of the consumer services company at the end of 2017Q4, valued at $346.23 million, down from 1.07M at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.86B market cap company. The stock increased 3.13% or $10.72 during the last trading session, reaching $353.64. About 130,986 shares traded or 28.02% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since May 18, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.48 earnings per share, up 24.14% or $1.26 from last year’s $5.22 per share. CACC’s profit will be $125.77M for 13.64 P/E if the $6.48 EPS becomes a reality. After $6.11 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 6.06% EPS growth.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 30 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 31. On Monday, January 8 the stock rating was initiated by Oppenheimer with “Buy”. BMO Capital Markets maintained it with “Hold” rating and $238.0 target in Friday, October 6 report. The firm earned “Neutral” rating on Tuesday, November 10 by Compass Point. The stock has “Underperform” rating by Macquarie Research on Wednesday, May 11. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Neutral” rating by Susquehanna on Monday, January 23. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Hold”. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by Susquehanna on Tuesday, January 30. Raymond James upgraded the stock to “Hold” rating in Tuesday, August 1 report. The company was maintained on Tuesday, October 31 by Bank of America.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.01, from 1.03 in 2017Q3. It improved, as 18 investors sold CACC shares while 60 reduced holdings. 35 funds opened positions while 46 raised stakes. 12.84 million shares or 2.21% less from 13.13 million shares in 2017Q3 were reported. Schaller Invest Group invested in 35,000 shares. Account Mngmt Lc reported 5.96% in Credit Acceptance Corporation (NASDAQ:CACC). Rhumbline Advisers accumulated 0.01% or 14,676 shares. Moreover, State Board Of Administration Of Florida Retirement System has 0.01% invested in Credit Acceptance Corporation (NASDAQ:CACC). First National Bank Of Omaha reported 21,648 shares. Bancorp Of America Corporation De has invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). 208,674 are owned by Dimensional Fund Advsrs L P. Covey Cap Advsrs Lc has 0.32% invested in Credit Acceptance Corporation (NASDAQ:CACC). Sterling Capital Management Lc reported 2,473 shares. Vanguard Inc reported 1.17M shares stake. Moreover, Vulcan Value Prtn Ltd Liability has 0.45% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 167,963 shares. Bnp Paribas Asset Holdg holds 9,396 shares. Boothbay Fund Mngmt Ltd Liability reported 1,909 shares stake. Oppenheimer Asset Management holds 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 764 shares. 28,400 are owned by Ny State Common Retirement Fund.

More recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Globenewswire.com which released: “Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility” on May 10, 2018. Also Nasdaq.com published the news titled: “Credit Acceptance Announces First Quarter 2018 Earnings” on May 03, 2018. Seekingalpha.com‘s news article titled: “Credit Acceptance’s (CACC) CEO Brett Roberts on Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018 was also an interesting one.

Since February 5, 2018, it had 0 insider buys, and 3 insider sales for $1.83 million activity. Soave John S. had sold 2,500 shares worth $842,525 on Friday, March 16. Shares for $669,000 were sold by Booth Kenneth.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52 billion and $12.20B US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 379,828 shares to 783,747 shares, valued at $916.57M in 2017Q4, according to the filing. It also increased its holding in Bmc Stk Hldgs Inc by 1.31 million shares in the quarter, for a total of 3.91 million shares, and has risen its stake in Wayfair Inc (NYSE:W).

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on August, 1. They expect $0.54 EPS, up 12.50% or $0.06 from last year’s $0.48 per share. MDLZ’s profit will be $796.54M for 18.30 P/E if the $0.54 EPS becomes a reality. After $0.62 actual EPS reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts -12.90% negative EPS growth.

More notable recent Mondelez International, Inc. (NASDAQ:MDLZ) news were published by: Investorplace.com which released: “3 Stocks to Watch on Wednesday: Mondelez International Inc (MDLZ), Shutterfly, Inc. (SFLY) and Yum China Holdings …” on May 02, 2018, also Globenewswire.com with their article: “MondelÄ“z International to Acquire Tate’s Bake Shop” published on May 07, 2018, Vendingmarketwatch.com published: “Snack Food Industry M&A Activity Trends Toward Healthier Options” on May 17, 2018. More interesting news about Mondelez International, Inc. (NASDAQ:MDLZ) were released by: Globenewswire.com and their article: “MondelÄ“z International Reports Q1 Results” published on May 01, 2018 as well as Nasdaq.com‘s news article titled: “New Research: Key Drivers of Growth for ManpowerGroup, JC Penney, HP, American Axle & Manufacturing, Mondelez …” with publication date: May 16, 2018.

Since February 16, 2018, it had 2 insider purchases, and 3 sales for $1.03 billion activity. $478,668 worth of Mondelez International, Inc. (NASDAQ:MDLZ) was sold by Weber Hubert on Thursday, February 22. The insider PELTZ NELSON sold 6.52 million shares worth $284.87M. $87,800 worth of stock was bought by BUNCH CHARLES E on Friday, February 16.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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