Bank Of America (BAC) Share Value Declined While Washington Trust Company Lowered Stake by $949,225; Mondelez Int’l (MDLZ) Market Valuation Rose While Knott David M Increased by $400,000 Its Position

January 14, 2018 - By olga

Knott David M increased its stake in Mondelez Int’l Inc. (MDLZ) by 169.49% based on its latest 2017Q3 regulatory filing with the SEC. Knott David M bought 10,000 shares as the company’s stock rose 7.60% with the market. The institutional investor held 15,900 shares of the consumer non-durables company at the end of 2017Q3, valued at $647,000, up from 5,900 at the end of the previous reported quarter. Knott David M who had been investing in Mondelez Int’l Inc. for a number of months, seems to be bullish on the $63.47B market cap company. The stock decreased 0.09% or $0.04 during the last trading session, reaching $42.47. About 7.18 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 5.69% since January 14, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Washington Trust Company decreased its stake in Bank Of America Corp (BAC) by 3.03% based on its latest 2017Q3 regulatory filing with the SEC. Washington Trust Company sold 37,969 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 1.22M shares of the major banks company at the end of 2017Q3, valued at $30.82M, down from 1.25M at the end of the previous reported quarter. Washington Trust Company who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $325.33 billion market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $18 target in Wednesday, October 7 report. The firm earned “Buy” rating on Thursday, June 1 by Credit Suisse. As per Tuesday, November 8, the company rating was downgraded by Deutsche Bank. Nomura maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, July 18. Nomura has “Buy” rating and $2700 target. As per Tuesday, August 25, the company rating was upgraded by Robert W. Baird. On Tuesday, July 18 the stock rating was maintained by RBC Capital Markets with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 6 report. The firm earned “Hold” rating on Tuesday, September 13 by Societe Generale. As per Monday, August 24, the company rating was upgraded by Bruyette & Woods”. On Friday, January 29 the stock rating was upgraded by Credit Agricole to “Outperform”.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 earnings per share, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80B for 16.95 P/E if the $0.46 EPS becomes a reality. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Washington Trust Company, which manages about $1.68 billion US Long portfolio, upped its stake in Spdr (MDY) by 3,223 shares to 69,123 shares, valued at $22.56M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWM) by 2,502 shares in the quarter, for a total of 388,874 shares, and has risen its stake in Bb&T Corp (NYSE:BBT).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. 158,425 are owned by Coldstream. Us Bancorporation De reported 0.47% stake. Arizona State Retirement Sys reported 0.8% stake. 150,000 were accumulated by Jbf Cap. Pcj Counsel reported 0.15% stake. James has 67,180 shares. Kcm Inv Advisors Limited Liability Company reported 320,613 shares. Amica Pension Fund Board Of Trustees has 0.7% invested in Bank of America Corporation (NYSE:BAC). Bragg Finance Advsr reported 0.14% stake. Regent Management Ltd Limited Liability Company holds 0.85% or 99,392 shares. 1St Source Savings Bank holds 0.17% or 81,124 shares in its portfolio. 1.89 million were accumulated by Jane Street Grp Inc Lc. Missouri-based Buckingham Asset Management Limited Liability Com has invested 0.27% in Bank of America Corporation (NYSE:BAC). Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has invested 0.02% in Bank of America Corporation (NYSE:BAC). Dnb Asset Mngmt As reported 1.63% in Bank of America Corporation (NYSE:BAC).

Among 21 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Mondelez International Inc had 54 analyst reports since July 31, 2015 according to SRatingsIntel. BMO Capital Markets maintained Mondelez International, Inc. (NASDAQ:MDLZ) rating on Wednesday, September 6. BMO Capital Markets has “Buy” rating and $48.0 target. Deutsche Bank maintained Mondelez International, Inc. (NASDAQ:MDLZ) on Friday, July 31 with “Buy” rating. Susquehanna maintained the stock with “Hold” rating in Wednesday, August 2 report. The rating was reinitiated by Deutsche Bank with “Hold” on Thursday, November 10. RBC Capital Markets maintained the shares of MDLZ in report on Thursday, April 28 with “Outperform” rating. PiperJaffray upgraded Mondelez International, Inc. (NASDAQ:MDLZ) on Tuesday, July 25 to “Overweight” rating. The firm has “Positive” rating given on Monday, October 26 by Susquehanna. The firm earned “Overweight” rating on Wednesday, November 1 by JP Morgan. The company was maintained on Tuesday, October 3 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Monday, September 18 with “Hold”.

Knott David M, which manages about $233.95 million US Long portfolio, decreased its stake in Pfizer Inc. (NYSE:PFE) by 57,000 shares to 978,676 shares, valued at $34.94M in 2017Q3, according to the filing. It also reduced its holding in Ambac Financial Group Inc. (NASDAQ:AMBC) by 25,000 shares in the quarter, leaving it with 145,426 shares, and cut its stake in Acadia Pharmaceuticals Inc. (NASDAQ:ACAD).

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.15, from 0.99 in 2017Q2. It dived, as 78 investors sold MDLZ shares while 422 reduced holdings. 81 funds opened positions while 339 raised stakes. 1.08 billion shares or 2.31% less from 1.11 billion shares in 2017Q2 were reported. Scotia accumulated 244,447 shares. Wade G W & Inc has 0.03% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 6,311 shares. Citadel Advisors Ltd Liability accumulated 0.13% or 4.29M shares. Mufg Americas Holdings reported 0.4% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Moreover, Pettyjohn Wood & White has 0.12% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 7,901 shares. American Bank & Trust owns 246 shares. Eqis Capital Incorporated accumulated 20,577 shares. The Maryland-based Fulton Breakefield Broenniman Limited Company has invested 1.29% in Mondelez International, Inc. (NASDAQ:MDLZ). Rbf Capital Limited Liability Com has 0.33% invested in Mondelez International, Inc. (NASDAQ:MDLZ). Cap Ltd Ca holds 195,190 shares. Checchi Advisers invested in 0.05% or 11,562 shares. Shamrock Asset Limited Liability Corporation holds 0.02% or 751 shares in its portfolio. Hong Kong-based Hillhouse Cap Ltd has invested 5.49% in Mondelez International, Inc. (NASDAQ:MDLZ). Clearbridge Invs Limited Co has invested 0.25% in Mondelez International, Inc. (NASDAQ:MDLZ). Caprock Group holds 17,994 shares or 0.15% of its portfolio.

Since August 8, 2017, it had 0 buys, and 2 sales for $559,992 activity. Myers Daniel P. also sold $286,580 worth of Mondelez International, Inc. (NASDAQ:MDLZ) shares.

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