Overbrook Management Boosted Stake in Sunopta (STKL) as Stock Price Rose; Hallmark Capital Management Has Cut Its Procter & Gamble Company (PG) Stake by $367,200 as Stock Value Declined

January 13, 2018 - By wolcottdaily

Hallmark Capital Management Inc decreased its stake in Procter & Gamble Company (PG) by 11.19% based on its latest 2017Q3 regulatory filing with the SEC. Hallmark Capital Management Inc sold 4,080 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 32,381 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $2.95 million, down from 36,461 at the end of the previous reported quarter. Hallmark Capital Management Inc who had been investing in Procter & Gamble Company for a number of months, seems to be less bullish one the $227.34 billion market cap company. The stock decreased 0.60% or $0.54 during the last trading session, reaching $89.61. About 8.11 million shares traded or 20.52% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 13, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Overbrook Management Corp increased its stake in Sunopta Inc (STKL) by 19.06% based on its latest 2017Q3 regulatory filing with the SEC. Overbrook Management Corp bought 357,000 shares as the company’s stock rose 29.86% with the market. The hedge fund held 2.23 million shares of the consumer services company at the end of 2017Q3, valued at $19.40M, up from 1.87 million at the end of the previous reported quarter. Overbrook Management Corp who had been investing in Sunopta Inc for a number of months, seems to be bullish on the $686.71M market cap company. The stock decreased 0.62% or $0.05 during the last trading session, reaching $8.05. About 174,293 shares traded. SunOpta Inc. (NASDAQ:STKL) has risen 147.35% since January 13, 2017 and is uptrending. It has outperformed by 130.65% the S&P500.

Investors sentiment decreased to 1.11 in Q3 2017. Its down 0.13, from 1.24 in 2017Q2. It fall, as 20 investors sold STKL shares while 24 reduced holdings. 17 funds opened positions while 32 raised stakes. 62.26 million shares or 0.21% more from 62.14 million shares in 2017Q2 were reported. New York State Common Retirement Fund reported 50,459 shares. Citadel Advsrs stated it has 0% of its portfolio in SunOpta Inc. (NASDAQ:STKL). Citigroup Inc invested 0% of its portfolio in SunOpta Inc. (NASDAQ:STKL). 221,770 were accumulated by Bard Associates Inc. The North Carolina-based Atria Limited Liability Company has invested 0.01% in SunOpta Inc. (NASDAQ:STKL). Credit Agricole S A holds 49,196 shares or 0% of its portfolio. Alyeska Inv Group Inc Limited Partnership reported 2.20 million shares stake. Nomura Holdg has 250,174 shares for 0% of their portfolio. Clearbridge Investments Lc reported 1.26 million shares or 0.01% of all its holdings. Old West Mngmt Limited Liability Co invested in 33,414 shares or 0.15% of the stock. State Street holds 0% or 37,810 shares. The Missouri-based Kennedy Cap has invested 0.08% in SunOpta Inc. (NASDAQ:STKL). Geode Cap has 55,241 shares. Oaktree Management Lp has invested 0.57% of its portfolio in SunOpta Inc. (NASDAQ:STKL). Morgan Stanley holds 0.02% or 7.98M shares in its portfolio.

Overbrook Management Corp, which manages about $1.12B and $442.43 million US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 8,014 shares to 36,653 shares, valued at $3.26M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 10,344 shares in the quarter, leaving it with 20,013 shares, and cut its stake in Citigroup Inc (NYSE:C).

Among 4 analysts covering SunOpta (NASDAQ:STKL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. SunOpta had 14 analyst reports since August 15, 2015 according to SRatingsIntel. On Wednesday, September 27 the stock rating was maintained by BMO Capital Markets with “Buy”. On Wednesday, November 1 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was initiated by William Blair on Friday, September 4 with “Market Perform”. The stock of SunOpta Inc. (NASDAQ:STKL) earned “Outperform” rating by BMO Capital Markets on Thursday, October 8. William Blair upgraded the shares of STKL in report on Tuesday, March 7 to “Outperform” rating. On Thursday, August 20 the stock rating was downgraded by Zacks to “Buy”. Zacks upgraded SunOpta Inc. (NASDAQ:STKL) rating on Tuesday, August 18. Zacks has “Hold” rating and $11 target. As per Tuesday, October 11, the company rating was initiated by Wunderlich. The firm has “Hold” rating by Wunderlich given on Thursday, March 2. The rating was maintained by BMO Capital Markets on Wednesday, August 9 with “Buy”.

Since September 6, 2017, it had 2 insider purchases, and 2 sales for $27.11 million activity. $307,107 worth of SunOpta Inc. (NASDAQ:STKL) was sold by McKeracher Robert on Friday, September 15. Oaktree Organics – L.P. bought $22.92 million worth of SunOpta Inc. (NASDAQ:STKL) on Friday, December 15. Oaktree Huntington Investment Fund II – L.P. bought $4.83 million worth of SunOpta Inc. (NASDAQ:STKL) on Friday, December 15.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.12, from 0.94 in 2017Q2. It is negative, 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. Profit Invest Management Ltd Liability Corp reported 0.31% of its portfolio in The Procter & Gamble Company (NYSE:PG). 14,204 were reported by Montrusco Bolton Investments Incorporated. Kayne Anderson Rudnick Inv reported 39,604 shares or 0.03% of all its holdings. Aristotle Capital Ltd Limited Liability Company has 4,139 shares for 0% of their portfolio. Fifth Third Natl Bank accumulated 3.61% or 5.54M shares. 2,700 were accumulated by Scott & Selber Incorporated. Partnervest Advisory Lc invested in 0.37% or 8,312 shares. Capital Management Corporation Va holds 0.11% or 4,217 shares in its portfolio. Whittier Trust Of Nevada Incorporated has invested 0.91% of its portfolio in The Procter & Gamble Company (NYSE:PG). Nelson Van Denburg & Campbell Wealth Management Group Limited Liability Corporation holds 16,409 shares or 0.49% of its portfolio. 6.25M are owned by California Public Employees Retirement Systems. Huntington Steele owns 3,737 shares. Albion Grp Inc Inc Ut owns 0.13% invested in The Procter & Gamble Company (NYSE:PG) for 9,408 shares. Monroe Retail Bank & Mi reported 0.54% in The Procter & Gamble Company (NYSE:PG). Moreover, Oppenheimer Asset Inc has 0.02% invested in The Procter & Gamble Company (NYSE:PG) for 10,177 shares.

Hallmark Capital Management Inc, which manages about $816.74 million and $795.37M US Long portfolio, upped its stake in Union Pacific Corp (NYSE:UNP) by 4,538 shares to 140,253 shares, valued at $16.27 million in 2017Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 2,799 shares in the quarter, for a total of 160,422 shares, and has risen its stake in Starwood Property Trust Inc (NYSE:STWD).

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on January, 19. They expect $1.14 EPS, up 5.56% or $0.06 from last year’s $1.08 per share. PG’s profit will be $2.89B for 19.65 P/E if the $1.14 EPS becomes a reality. After $1.09 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

Since August 15, 2017, it had 0 buys, and 19 selling transactions for $6.75 million activity. Shares for $266,273 were sold by Skoufalos Ioannis. Shares for $321,221 were sold by FergusonMchugh MaryLynn. Shares for $158,126 were sold by TASTAD CAROLYN M. 3,684 shares were sold by Pritchard Marc S., worth $339,077. Shares for $154,168 were sold by Keith R. Alexandra. Moeller Jon R had sold 6,063 shares worth $558,042.

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 rating was maintained by SunTrust on Thursday, October 5 with “Hold”. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. As per Friday, August 26, the company rating was upgraded by Johnson Rice. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank. Credit Suisse downgraded the shares of PG in report on Thursday, July 30 to “Outperform” rating. The firm has “Strong-Buy” rating given on Friday, August 7 by Vetr. Bank of America maintained the stock with “Buy” rating in Tuesday, September 19 report. The rating was maintained by RBC Capital Markets on Tuesday, August 1 with “Hold”. The rating was maintained by Jefferies with “Buy” on Thursday, August 17. Jefferies maintained the shares of PG in report on Wednesday, April 19 with “Buy” rating.

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