Franklin Res (BEN) Stock Declined While Axa Lowered by $451,088 Its Stake; As Conagra Brands (CAG) Share Value Declined, Jana Partners Increased Its Holding by $164.94 Million

December 14, 2017 - By Hazel Jackson

Barry Rosenstein increased its stake in Conagra Brands Inc (CAG) by 942.51% based on its latest 2017Q2 regulatory filing with the SEC. Jana Partners Llc bought 4.71M shares as the company’s stock declined 4.77% while stock markets rallied. The hedge fund run by Barry Rosenstein held 5.21M shares of the consumer non-durables company at the end of 2017Q2, valued at $186.40M, up from 500,000 at the end of the previous reported quarter. Jana Partners Llc who had been investing in Conagra Brands Inc for a number of months, seems to be bullish on the $15.16 billion market cap company. The stock decreased 0.64% or $0.24 during the last trading session, reaching $37.1. About 1.05M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since December 14, 2016 and is uptrending. It has underperformed by 8.31% the S&P500.

Axa decreased its stake in Franklin Res Inc (BEN) by 26.45% based on its latest 2017Q2 regulatory filing with the SEC. Axa sold 10,252 shares as the company’s stock declined 1.15% while stock markets rallied. The institutional investor held 28,505 shares of the finance company at the end of 2017Q2, valued at $1.28 million, down from 38,757 at the end of the previous reported quarter. Axa who had been investing in Franklin Res Inc for a number of months, seems to be less bullish one the $24.08B market cap company. The stock decreased 0.50% or $0.22 during the last trading session, reaching $43.47. About 1.02 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has risen 19.40% since December 14, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.27, from 1.09 in 2017Q1. It dropped, as 60 investors sold CAG shares while 222 reduced holdings. 63 funds opened positions while 168 raised stakes. 316.73 million shares or 0.39% more from 315.51 million shares in 2017Q1 were reported. Whittier Of Nevada Inc stated it has 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Ibm Retirement Fund reported 6,000 shares. Moreover, Northwestern Mutual Wealth Mngmt has 0.01% invested in Conagra Brands, Inc. (NYSE:CAG). 1832 Asset Limited Partnership invested in 0.01% or 61,500 shares. Andra Ap stated it has 150,300 shares or 0.13% of all its holdings. Mitsubishi Ufj Tru Bk owns 1.25M shares for 0.09% of their portfolio. Moreover, Fifth Third Bancshares has 0% invested in Conagra Brands, Inc. (NYSE:CAG) for 16,497 shares. Amica Pension Fund Board Of Trustees, Rhode Island-based fund reported 19,633 shares. Comml Bank Of Nova Scotia has invested 0.02% in Conagra Brands, Inc. (NYSE:CAG). 33,475 are held by Schafer Cullen Capital Mgmt Incorporated. Northern Tru Corp stated it has 4.81M shares or 0.05% of all its holdings. Utah-based Albion Grp Ut has invested 0.05% in Conagra Brands, Inc. (NYSE:CAG). Boothbay Fund Management Limited Liability reported 0.06% stake. Sii Wi has 7,470 shares. New York-based Perella Weinberg Prtnrs Cap Mngmt LP has invested 0.23% in Conagra Brands, Inc. (NYSE:CAG).

Since October 13, 2017, it had 0 insider purchases, and 1 sale for $4.59 million activity.

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 8 have Buy rating, 1 Sell and 4 Hold. Therefore 62% are positive. ConAgra Foods had 43 analyst reports since September 16, 2015 according to SRatingsIntel. RBC Capital Markets maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, July 1 with “Sector Perform” rating. The rating was upgraded by UBS on Tuesday, December 12 to “Hold”. As per Wednesday, February 15, the company rating was initiated by Deutsche Bank. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Hold” rating given on Thursday, September 24 by TheStreet. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 31 report. The rating was maintained by Jefferies with “Buy” on Wednesday, August 30. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Neutral” rating given on Friday, April 8 by Citigroup. UBS initiated the stock with “Neutral” rating in Monday, November 14 report. The firm has “Buy” rating by Jefferies given on Wednesday, December 16. On Friday, July 14 the stock rating was maintained by Jefferies with “Buy”.

Jana Partners Llc, which manages about $11.37B and $7.04B US Long portfolio, decreased its stake in Ladder Cap Corp (NYSE:LADR) by 53,211 shares to 246,789 shares, valued at $3.31M in 2017Q2, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 100,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Select Med Hldgs Corp (NYSE:SEM).

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on January, 26. They expect $0.74 EPS, down 3.90% or $0.03 from last year’s $0.77 per share. BEN’s profit will be $409.89 million for 14.69 P/E if the $0.74 EPS becomes a reality. After $0.76 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Investors sentiment increased to 0.82 in Q2 2017. Its up 0.02, from 0.8 in 2017Q1. It is positive, as 36 investors sold BEN shares while 199 reduced holdings. 65 funds opened positions while 128 raised stakes. 243.98 million shares or 2.70% less from 250.75 million shares in 2017Q1 were reported. Ent Financial accumulated 0% or 93 shares. Smith Asset Management Grp LP reported 230 shares. Bluecrest Capital Mngmt Ltd holds 0.02% in Franklin Resources, Inc. (NYSE:BEN) or 13,378 shares. Victory Cap Management Incorporated reported 0% stake. Jefferies Gru Limited Company reported 123,033 shares. Centurylink Inv Management reported 20,190 shares. 10,700 were reported by Sit Associates. First Personal Financial Service accumulated 1,863 shares or 0.02% of the stock. 778,483 were reported by Citadel Advsr Limited Co. The Pennsylvania-based Haverford Company has invested 0.01% in Franklin Resources, Inc. (NYSE:BEN). 25,438 are owned by Commonwealth Of Pennsylvania Public School Empls Retrmt. Hanson Mcclain Incorporated accumulated 12,510 shares. Apg Asset Mgmt Nv reported 0.2% stake. Greenwich Investment Mgmt invested in 6,000 shares. Greenwich Wealth Limited Liability stated it has 0.28% in Franklin Resources, Inc. (NYSE:BEN).

Axa, which manages about $22.03B US Long portfolio, upped its stake in Citrix Sys Inc (Prn) by 4.50M shares to 15.00 million shares, valued at $18.01M in 2017Q2, according to the filing. It also increased its holding in Agios Pharmaceuticals Inc (NASDAQ:AGIO) by 99,683 shares in the quarter, for a total of 163,987 shares, and has risen its stake in Avalonbay Cmntys Inc (NYSE:AVB).

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