Mount Lucas Management LP Cut Principal Financial Group (PFG) Holding; J&J Snack Foods (JJSF)’s Sentiment Is 1.33

January 13, 2018 - By Dolores Ford

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company has market cap of $2.74 billion. The firm operates through three divisions: Food Service, Retail Supermarkets, and Frozen Beverages. It has a 34.8 P/E ratio. It offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Mount Lucas Management Lp decreased Principal Financial Group (PFG) stake by 56.16% reported in 2017Q3 SEC filing. Mount Lucas Management Lp sold 190,306 shares as Principal Financial Group (PFG)’s stock declined 2.08%. The Mount Lucas Management Lp holds 148,560 shares with $9.56M value, down from 338,866 last quarter. Principal Financial Group now has $21.43B valuation. The stock increased 0.45% or $0.33 during the last trading session, reaching $74.21. About 1.04 million shares traded. Principal Financial Group, Inc. (NYSE:PFG) has risen 43.60% since January 13, 2017 and is uptrending. It has outperformed by 26.90% the S&P500.

Among 15 analysts covering Principal Financial Group Inc. (NYSE:PFG), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Principal Financial Group Inc. had 37 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Thursday, September 10 to “Sell”. The company was downgraded on Tuesday, January 5 by Citigroup. The firm has “Sell” rating given on Wednesday, April 6 by Citigroup. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 5. Wells Fargo downgraded Principal Financial Group, Inc. (NASDAQ:PFG) on Tuesday, January 9 to “Market Perform” rating. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) earned “Outperform” rating by RBC Capital Markets on Tuesday, February 2. Wells Fargo maintained the shares of PFG in report on Thursday, July 27 with “Buy” rating. The rating was initiated by Credit Suisse on Friday, October 7 with “Underperform”. RBC Capital Markets maintained the shares of PFG in report on Friday, July 28 with “Buy” rating. The firm earned “Buy” rating on Monday, July 10 by RBC Capital Markets.

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.12, from 1.06 in 2017Q2. It increased, as 36 investors sold PFG shares while 151 reduced holdings. 48 funds opened positions while 173 raised stakes. 194.42 million shares or 0.40% more from 193.64 million shares in 2017Q2 were reported. Moreover, Enterprise Finance Serv has 0.02% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Etrade Cap Ltd Liability Corporation invested in 0.01% or 5,181 shares. Driehaus Management Ltd Co invested 0.01% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Harris Assoc Lp stated it has 0.19% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Geode Capital Limited Liability Corp reported 0.07% stake. Hartford Investment Management reported 61,810 shares. 108,268 are owned by Tealwood Asset Management Incorporated. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.12% in Principal Financial Group, Inc. (NASDAQ:PFG). Public Sector Pension Invest Board owns 30,611 shares for 0.01% of their portfolio. Bancshares Of Hawaii has invested 0.05% in Principal Financial Group, Inc. (NASDAQ:PFG). Denali Advsr Ltd Liability Corporation accumulated 152,234 shares. Clark Cap Mgmt Inc reported 1.31% stake. 914,436 are owned by Prudential Financial. Florida-based Raymond James & Associates has invested 0.01% in Principal Financial Group, Inc. (NASDAQ:PFG). Kbc Group Inc Nv has invested 0.24% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG).

Analysts await Principal Financial Group, Inc. (NASDAQ:PFG) to report earnings on January, 29. They expect $1.36 earnings per share, up 7.09% or $0.09 from last year’s $1.27 per share. PFG’s profit will be $392.72 million for 13.64 P/E if the $1.36 EPS becomes a reality. After $1.28 actual earnings per share reported by Principal Financial Group, Inc. for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Mount Lucas Management Lp increased Ishares Tips Bond Etf (TIP) stake by 6,573 shares to 7,143 valued at $811,000 in 2017Q3. It also upped Vanguard Glbl Ex (VNQI) stake by 27,919 shares and now owns 34,585 shares. Ishares 3 (IEI) was raised too.

Since August 4, 2017, it had 0 buys, and 13 sales for $31.57 million activity. 47,662 shares valued at $3.34M were sold by Valdes Luis E. on Thursday, December 14. Houston Daniel Joseph sold $2.59M worth of stock. Everett Nora Mary sold $88,196 worth of stock. The insider SHAFF KAREN E sold 10,588 shares worth $720,090. Shares for $1.74M were sold by SCHOLTEN GARY P. Shares for $3.78M were sold by MCCAUGHAN JAMES P.

Analysts await J&J Snack Foods Corp. (NASDAQ:JJSF) to report earnings on January, 22. They expect $0.78 EPS, up 8.33% or $0.06 from last year’s $0.72 per share. JJSF’s profit will be $14.56M for 46.96 P/E if the $0.78 EPS becomes a reality. After $1.29 actual EPS reported by J&J Snack Foods Corp. for the previous quarter, Wall Street now forecasts -39.53% negative EPS growth.

Rk Asset Management Llc holds 3.45% of its portfolio in J&J Snack Foods Corp. for 30,163 shares. Morgan Dempsey Capital Management Llc owns 43,503 shares or 1.93% of their US portfolio. Moreover, Ranger Investment Management L.P. has 1.35% invested in the company for 136,615 shares. The Pennsylvania-based Copeland Capital Management Llc has invested 1.12% in the stock. Eulav Asset Management, a New York-based fund reported 97,600 shares.

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