Renaissance Group Holding In Berry Global Group (BERY) Was Has Upped; Kbc Group Nv Increased Its Position in Mckesson (MCK) as Valuation Declined

June 13, 2018 - By Dolores Ford

McKesson Corporation (NYSE:MCK) Logo

Renaissance Group Llc increased its stake in Berry Global Group Inc. (BERY) by 1.26% based on its latest 2018Q1 regulatory filing with the SEC. Renaissance Group Llc bought 5,853 shares as the company’s stock declined 9.35% with the market. The institutional investor held 468,658 shares of the plastic products company at the end of 2018Q1, valued at $25.69 million, up from 462,805 at the end of the previous reported quarter. Renaissance Group Llc who had been investing in Berry Global Group Inc. for a number of months, seems to be bullish on the $6.25 billion market cap company. The stock decreased 0.67% or $0.32 during the last trading session, reaching $47.47. About 83,198 shares traded. Berry Global Group, Inc. (NYSE:BERY) has declined 13.78% since June 13, 2017 and is downtrending. It has underperformed by 26.35% the S&P500. Some Historical BERY News: 03/05/2018 – BERRY GLOBAL CONFIRMS FY ADJUSTED FCF VIEW; 01/05/2018 – Old National elects Chief Administrative Officer of Indiana University Health Ryan Kitchell and Berry Global Chairman & CEO Tho; 08/05/2018 – Berry Global at Wells Fargo Industrials Conference Tomorrow; 09/04/2018 – SIG Combibloc picks banks for Zurich flotation; 16/03/2018 – SIG COMBIBLOC SEEKS ZURICH LISTING IN AUTUMN, WORKING WITH ROTHSCHILD ROTH.PA AS ADVISOR; 15/05/2018 – Newbrook Capital Advisors LP Exits Position in Berry Global; 03/05/2018 – BERRY GLOBAL 2Q ADJ EPS 84C, EST. 87C; 11/05/2018 – Global Flexible Industrial Packaging Market, 2022 – Key Vendors are Berry Global, Greif, LC Packaging, Mondi Group & Sonoco Products Company – ResearchAndMarkets.com; 03/05/2018 – Berry Global Group 2Q EPS 66c; 11/05/2018 – Moody’s assigned a Ba2 to Berry’s new repriced term loan “S” and “T”; Ba3 CFR and stable outlook unchanged

Kbc Group Nv increased its stake in Mckesson Corp (MCK) by 0.94% based on its latest 2018Q1 regulatory filing with the SEC. Kbc Group Nv bought 2,187 shares as the company’s stock declined 5.64% with the market. The institutional investor held 235,106 shares of the other pharmaceuticals company at the end of 2018Q1, valued at $33.12M, up from 232,919 at the end of the previous reported quarter. Kbc Group Nv who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $29.81 billion market cap company. The stock increased 1.35% or $1.97 during the last trading session, reaching $147.51. About 862,821 shares traded. McKesson Corporation (NYSE:MCK) has declined 10.19% since June 13, 2017 and is downtrending. It has underperformed by 22.76% the S&P500. Some Historical MCK News: 26/04/2018 – Main Street: McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids; 15/05/2018 – Deerfield Adds Homology Medicines Inc., Cuts McKesson: 13F; 24/04/2018 – McKesson and PrescribeWellness Announce Five-Year Partnership to Provide VaccineComplete and Expanded Access to Collaborative; 25/04/2018 – McKesson: Investment to Support Initiatives Partially Funded by Savings From Operating Model, Cost Structure; 25/04/2018 – MCK SEES FISCAL 2019 ADJ. EPS $13.00 TO $13.80, EST. $13.41; 24/05/2018 – McKesson Sees FY19 Mid-Single-Digit Percent Rev Growth; 24/05/2018 – MCKESSON 4Q ADJ EPS $3.49, EST. $3.56; 15/05/2018 – MCKESSON BOARD ACCUSED OF FAILING TO OVERSEE OPIOID SHIPMENTS; 16/04/2018 – McKesson CDS Tightens 9 Bps, Most in 4 Years; 25/04/2018 – MCKESSON – INVESTMENT TO SUPPORT GROWTH INITIATIVES WILL BE PARTIALLY FUNDED BY SAVINGS FROM OPTIMIZATION OF CO’S OPERATING MODEL

Another recent and important Berry Global Group, Inc. (NYSE:BERY) news was published by Nasdaq.com which published an article titled: “Recent Analysis Shows Ford Motor, Lions Gate Entertainment, America’s Car-Mart, WW Grainger, Berry Global Group …” on June 11, 2018.

Renaissance Group Llc, which manages about $2.94B US Long portfolio, decreased its stake in Oracle Systems Corp (NYSE:ORCL) by 8,617 shares to 671,573 shares, valued at $30.72 million in 2018Q1, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 19,494 shares in the quarter, leaving it with 514,497 shares, and cut its stake in Netapp Inc (NASDAQ:NTAP).

Investors sentiment decreased to 1.21 in Q1 2018. Its down 0.02, from 1.23 in 2017Q4. It fall, as 46 investors sold BERY shares while 86 reduced holdings. 50 funds opened positions while 110 raised stakes. 118.10 million shares or 0.80% less from 119.05 million shares in 2017Q4 were reported. Raymond James Financial Serv Advsr accumulated 17,451 shares. Moreover, Chicago Equity Partners Ltd Liability Corporation has 0.02% invested in Berry Global Group, Inc. (NYSE:BERY). Capwealth Advsr Ltd accumulated 0.08% or 7,285 shares. Boothbay Fund Mngmt Ltd Liability Co holds 0.02% in Berry Global Group, Inc. (NYSE:BERY) or 3,810 shares. The Ohio-based Strs Ohio has invested 0.03% in Berry Global Group, Inc. (NYSE:BERY). Vaughan Nelson Mngmt Lp holds 0.88% or 1.32M shares. Westfield Cap Mgmt Co Lp invested 0.44% in Berry Global Group, Inc. (NYSE:BERY). Moreover, Aqr Cap Mngmt Limited Liability Company has 0.02% invested in Berry Global Group, Inc. (NYSE:BERY) for 338,034 shares. Wellington Mngmt Limited Liability Partnership holds 0% in Berry Global Group, Inc. (NYSE:BERY) or 12,674 shares. Meeder Asset Mgmt owns 3,504 shares. Aperio Gp Limited Liability Company accumulated 8,818 shares. Alps Advsr reported 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). First Quadrant Limited Partnership Ca stated it has 317,374 shares. Oakbrook Invests Limited Liability Com stated it has 5,200 shares. Bokf Na has invested 0.11% in Berry Global Group, Inc. (NYSE:BERY).

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Berry Plastics Group Inc had 61 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, August 25 by BMO Capital Markets. On Wednesday, February 7 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The company was maintained on Monday, June 5 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, July 13 by SunTrust. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Outperform” rating given on Friday, August 26 by Robert W. Baird. As per Friday, May 4, the company rating was maintained by Citigroup. The firm has “Outperform” rating given on Wednesday, January 24 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Monday, May 1 report. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Buy” rating given on Thursday, October 13 by Jefferies. The rating was maintained by KeyBanc Capital Markets on Thursday, September 28 with “Hold”.

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.11, from 0.79 in 2017Q4. It improved, as 73 investors sold MCK shares while 263 reduced holdings. 73 funds opened positions while 230 raised stakes. 178.18 million shares or 0.22% more from 177.79 million shares in 2017Q4 were reported. Clearbridge Invs Ltd Liability Com reported 0% of its portfolio in McKesson Corporation (NYSE:MCK). Fjarde Ap invested in 0.13% or 58,845 shares. Riverhead Cap Lc invested 0.09% of its portfolio in McKesson Corporation (NYSE:MCK). 45 are held by Sandy Spring National Bank. Euclidean Tech Mngmt Lc reported 13,665 shares or 1.9% of all its holdings. Prudential Public Limited Company reported 1.20 million shares or 0.53% of all its holdings. Sumitomo Mitsui Asset Limited has 14,447 shares. Moody National Bank & Trust Division reported 0.01% in McKesson Corporation (NYSE:MCK). Principal Financial Grp Inc Inc reported 324,654 shares. Los Angeles Mngmt And Equity, a California-based fund reported 38,638 shares. Eqis holds 0.06% of its portfolio in McKesson Corporation (NYSE:MCK) for 8,087 shares. National Asset Mgmt, New York-based fund reported 2,702 shares. North Star Asset Mgmt Incorporated holds 0.07% in McKesson Corporation (NYSE:MCK) or 5,920 shares. Bridgewater LP invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Moreover, Utah Retirement Sys has 0.12% invested in McKesson Corporation (NYSE:MCK).

Since December 14, 2017, it had 0 buys, and 2 selling transactions for $334,327 activity. HAMMERGREN JOHN H sold $10.40M worth of stock.

More recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “UPS – A Stock For Your Watchlist” on June 11, 2018. Also Bizjournals.com published the news titled: “Pharmaceutical distributor to lay off 126 workers” on June 04, 2018. Seekingalpha.com‘s news article titled: “McKesson Corporation 2018 Q4 – Results – Earnings Call Slides” with publication date: May 25, 2018 was also an interesting one.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 84 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $165.0 target in Tuesday, August 29 report. On Wednesday, April 11 the stock rating was maintained by Bank of America with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Tuesday, January 12. The firm has “Hold” rating by Needham given on Tuesday, April 4. Mizuho maintained McKesson Corporation (NYSE:MCK) on Monday, January 18 with “Buy” rating. The stock has “Sell” rating by Credit Suisse on Thursday, November 9. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by Raymond James on Wednesday, January 6. As per Friday, September 8, the company rating was upgraded by Needham. The company was maintained on Monday, October 16 by Needham. Credit Suisse downgraded the shares of MCK in report on Monday, December 18 to “Sell” rating.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>