Exane Derivatives Trimmed Its Microchip Techn. (MCHP) Stake by $464,491; Trian Fund Management LP Has Raised Its Stake in Procter And Gamble Co. (PG) by $26.69 Million

January 14, 2018 - By Marie Mckinney

Exane Derivatives decreased its stake in Microchip Techn. (MCHP) by 20.51% based on its latest 2017Q3 regulatory filing with the SEC. Exane Derivatives sold 5,219 shares as the company’s stock rose 11.86% with the market. The institutional investor held 20,223 shares of the semiconductors company at the end of 2017Q3, valued at $1.82M, down from 25,442 at the end of the previous reported quarter. Exane Derivatives who had been investing in Microchip Techn. for a number of months, seems to be less bullish one the $21.86B market cap company. The stock increased 1.44% or $1.33 during the last trading session, reaching $93.44. About 1.27M shares traded. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since January 14, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Nelson Peltz increased its stake in Procter And Gamble Co. (PG) by 0.79% based on its latest 2017Q3 regulatory filing with the SEC. Trian Fund Management Lp bought 296,609 shares as the company’s stock declined 5.32% while stock markets rallied. The hedge fund run by Nelson Peltz held 37.91M shares of the package goods and cosmetics company at the end of 2017Q3, valued at $3.45 billion, up from 37.61M at the end of the previous reported quarter. Trian Fund Management Lp who had been investing in Procter And Gamble Co. for a number of months, seems to be bullish on the $227.34 billion market cap company. The stock decreased 0.60% or $0.54 during the last trading session, reaching $89.61. About 8.11M shares traded or 20.59% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 14, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Sell” rating by Goldman Sachs given on Monday, January 9. Jefferies maintained The Procter & Gamble Company (NYSE:PG) on Thursday, August 17 with “Buy” rating. The company was initiated on Wednesday, June 15 by Jefferies. The stock of The Procter & Gamble Company (NYSE:PG) has “Buy” rating given on Tuesday, August 25 by Vetr. Zacks downgraded the stock to “Hold” rating in Tuesday, August 4 report. The rating was maintained by Jefferies with “Buy” on Thursday, July 27. UBS maintained the shares of PG in report on Monday, October 26 with “Neutral” rating. The firm has “Neutral” rating by B. Riley & Co given on Wednesday, March 30. Johnson Rice upgraded the shares of PG in report on Friday, August 26 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 27.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.12, from 0.94 in 2017Q2. It dropped, as 51 investors sold PG shares while 765 reduced holdings. 110 funds opened positions while 558 raised stakes. 1.50 billion shares or 1.10% more from 1.48 billion shares in 2017Q2 were reported. Bnp Paribas Arbitrage Sa holds 0.5% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 2.25M shares. Acg Wealth owns 38,601 shares. Acropolis Management Limited Co reported 0.12% in The Procter & Gamble Company (NYSE:PG). 463,743 are owned by Btim Corp. Gilman Hill Asset Management Ltd Liability Co reported 10,041 shares. Colonial has invested 2.59% in The Procter & Gamble Company (NYSE:PG). Meeder Asset Mngmt Inc owns 5,926 shares. Montag A Assocs holds 0.74% in The Procter & Gamble Company (NYSE:PG) or 76,074 shares. Farmers Tru invested in 2.66% or 86,533 shares. Ironwood Counsel Limited Liability invested 3.5% of its portfolio in The Procter & Gamble Company (NYSE:PG). Federated Pa has invested 1.7% in The Procter & Gamble Company (NYSE:PG). Halsey Assoc Ct invested in 22,567 shares or 0.4% of the stock. Raymond James & Assoc stated it has 0.55% of its portfolio in The Procter & Gamble Company (NYSE:PG). 962,635 are held by Calamos Advsrs Limited Liability Corporation. Pitcairn accumulated 30,131 shares.

Since August 15, 2017, it had 0 insider buys, and 19 sales for $6.75 million activity. The insider Coombe Gary A sold 1,675 shares worth $154,168. 6,063 shares valued at $558,042 were sold by Moeller Jon R on Tuesday, August 15. FergusonMchugh MaryLynn sold $321,221 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, August 15. Shares for $318,644 were sold by Bishop Steven D on Tuesday, August 15. 2,170 The Procter & Gamble Company (NYSE:PG) shares with value of $199,728 were sold by Schomburger Jeffrey K. $339,077 worth of The Procter & Gamble Company (NYSE:PG) was sold by Pritchard Marc S. on Tuesday, August 15.

Trian Fund Management Lp, which manages about $8.60B and $12.98 billion US Long portfolio, decreased its stake in Bank New York Mellon Corp. (NYSE:BK) by 10.00M shares to 22.38M shares, valued at $1.19B in 2017Q3, according to the filing.

Analysts await Microchip Technology Incorporated (NASDAQ:MCHP) to report earnings on February, 6. They expect $1.27 earnings per share, up 27.00% or $0.27 from last year’s $1 per share. MCHP’s profit will be $297.06M for 18.39 P/E if the $1.27 EPS becomes a reality. After $1.37 actual earnings per share reported by Microchip Technology Incorporated for the previous quarter, Wall Street now forecasts -7.30% negative EPS growth.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 9 by Citigroup. B. Riley & Co maintained the shares of MCHP in report on Tuesday, November 7 with “Buy” rating. Needham maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Monday, June 12 with “Buy” rating. Jefferies maintained it with “Buy” rating and $9400 target in Thursday, August 3 report. The firm earned “Outperform” rating on Tuesday, November 7 by Credit Suisse. The company was maintained on Wednesday, December 13 by Morgan Stanley. Stifel Nicolaus maintained the shares of MCHP in report on Thursday, August 3 with “Buy” rating. The company was upgraded on Tuesday, September 8 by JP Morgan. The firm earned “Buy” rating on Tuesday, June 6 by B. Riley & Co. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Hold” rating given on Wednesday, October 11 by SunTrust.

Exane Derivatives, which manages about $534.70M US Long portfolio, upped its stake in Sysco (NYSE:SYY) by 28,217 shares to 48,699 shares, valued at $2.63M in 2017Q3, according to the filing. It also increased its holding in Extra Space (NYSE:EXR) by 8,550 shares in the quarter, for a total of 8,663 shares, and has risen its stake in Blackstone Group (NYSE:BX).

Since August 15, 2017, it had 0 insider purchases, and 5 selling transactions for $963,084 activity. SIMONCIC RICHARD J sold 2,508 shares worth $205,380. Shares for $251,894 were sold by DREHOBL STEPHEN V on Tuesday, August 22. Shares for $109,135 were sold by MEYERCORD WADE F on Tuesday, August 15. On Tuesday, August 22 the insider LITTLE MITCHELL R sold $195,799.

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