Letko Brosseau & Associates Lifted Its Suncor Energy New (SU) Holding; Eminence Capital LP Increases Holding in Wendys Co (WEN)

May 16, 2018 - By Clifton Ray

Suncor Energy Inc. (NYSE:SU) Logo

Letko Brosseau & Associates Inc increased its stake in Suncor Energy Inc New (SU) by 7.7% based on its latest 2017Q4 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 1.03 million shares as the company’s stock declined 2.02% with the market. The institutional investor held 14.42M shares of the integrated oil company at the end of 2017Q4, valued at $530.97M, up from 13.38 million at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Suncor Energy Inc New for a number of months, seems to be bullish on the $66.68 billion market cap company. The stock increased 0.43% or $0.175 during the last trading session, reaching $41.025. About 2.88M shares traded. Suncor Energy Inc. (NYSE:SU) has risen 13.82% since May 16, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Ricky Sandler increased its stake in Wendys Co (WEN) by 31.18% based on its latest 2017Q4 regulatory filing with the SEC. Eminence Capital Lp bought 2.78M shares as the company’s stock rose 4.38% while stock markets declined. The hedge fund run by Ricky Sandler held 11.68 million shares of the restaurants company at the end of 2017Q4, valued at $191.79 million, up from 8.90M at the end of the previous reported quarter. Eminence Capital Lp who had been investing in Wendys Co for a number of months, seems to be bullish on the $3.91B market cap company. The stock decreased 1.24% or $0.205 during the last trading session, reaching $16.325. About 3.78M shares traded. The Wendy's Company (NASDAQ:WEN) has risen 28.35% since May 16, 2017 and is uptrending. It has outperformed by 16.80% the S&P500.

Since February 26, 2018, it had 1 buying transaction, and 6 sales for $421.68 million activity. Another trade for 5,000 shares valued at $83,109 was bought by Plosch Gunther. MAY PETER W also sold $82.50M worth of The Wendy's Company (NASDAQ:WEN) on Monday, February 26. PELTZ NELSON also sold $82.50 million worth of The Wendy's Company (NASDAQ:WEN) on Monday, February 26. Brolick Emil J. also sold $9.26M worth of The Wendy's Company (NASDAQ:WEN) on Thursday, March 8. Peltz Matthew H. had sold 5.00 million shares worth $82.50M. GARDEN EDWARD P had sold 5.00 million shares worth $82.50M on Monday, February 26.

Another recent and important The Wendy's Company (NASDAQ:WEN) news was published by Benzinga.com which published an article titled: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” on May 16, 2018.

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.15, from 0.79 in 2017Q3. It improved, as 22 investors sold WEN shares while 86 reduced holdings. 34 funds opened positions while 67 raised stakes. 184.69 million shares or 1.83% more from 181.38 million shares in 2017Q3 were reported. Advantus reported 22,373 shares. Alphamark Advsr Ltd Co reported 583 shares. Walleye Trading Limited Company holds 0.05% of its portfolio in The Wendy's Company (NASDAQ:WEN) for 637,684 shares. The New York-based Goldman Sachs Group has invested 0.01% in The Wendy's Company (NASDAQ:WEN). Numeric Investors Lc invested in 59,700 shares. Thompson Davis And Co owns 125 shares for 0% of their portfolio. Louisiana State Employees Retirement has invested 0.03% in The Wendy's Company (NASDAQ:WEN). Schwab Charles Invest Mgmt holds 0.01% of its portfolio in The Wendy's Company (NASDAQ:WEN) for 736,132 shares. Aspiriant Llc stated it has 64,196 shares. Evercore Wealth reported 3,000 shares. Wells Fargo & Com Mn has 0.04% invested in The Wendy's Company (NASDAQ:WEN) for 8.55M shares. 13,034 are owned by Johnson Inv Counsel. Profund Advsr Limited Liability Corp stated it has 22,295 shares. Barclays Pcl accumulated 104,689 shares. Boothbay Fund Mngmt Lc stated it has 0.11% in The Wendy's Company (NASDAQ:WEN).

Among 22 analysts covering Wendy’s (NASDAQ:WEN), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Wendy’s had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $19 target in Monday, March 5 report. The stock of The Wendy's Company (NASDAQ:WEN) earned “Buy” rating by Longbow on Friday, March 18. Guggenheim maintained The Wendy's Company (NASDAQ:WEN) on Friday, February 23 with “Buy” rating. The rating was maintained by Barclays Capital on Tuesday, January 16 with “Buy”. The firm earned “Hold” rating on Thursday, August 10 by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, August 9 by Wedbush. As per Thursday, March 1, the company rating was upgraded by UBS. The company was maintained on Thursday, November 9 by Credit Suisse. The firm has “Neutral” rating by JP Morgan given on Thursday, February 11. The stock of The Wendy's Company (NASDAQ:WEN) earned “Neutral” rating by Nomura on Thursday, October 1.

Eminence Capital Lp, which manages about $10.55 billion and $6.56B US Long portfolio, decreased its stake in Lennar Corp (NYSE:LEN) by 665,656 shares to 7.46 million shares, valued at $471.55 million in 2017Q4, according to the filing. It also reduced its holding in Microstrategy Inc (NASDAQ:MSTR) by 5,331 shares in the quarter, leaving it with 758,256 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Letko Brosseau & Associates Inc, which manages about $24.00B and $11.40 billion US Long portfolio, decreased its stake in Cameco Corp (NYSE:CCJ) by 82,575 shares to 4.60M shares, valued at $42.64 million in 2017Q4, according to the filing. It also reduced its holding in State Str Corp (NYSE:STT) by 55,225 shares in the quarter, leaving it with 1.50M shares, and cut its stake in Medtronic Plc (NYSE:MDT).

More important recent Suncor Energy Inc. (NYSE:SU) news were published by: Seekingalpha.com which released: “Suncor: Q1 2018 Earnings Results Analysis” on May 07, 2018, also Globenewswire.com published article titled: “Suncor Energy reports first quarter 2018 results”, Fool.ca published: “3 Stocks I’d Buy Right Now” on May 15, 2018. More interesting news about Suncor Energy Inc. (NYSE:SU) was released by: Globenewswire.com and their article: “Suncor Energy reports voting results from Annual General Meeting” with publication date: May 02, 2018.

Among 16 analysts covering Suncor Energy Inc. (NYSE:SU), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Suncor Energy Inc. had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, September 16 by Citigroup. The firm has “Buy” rating by Bank of America given on Thursday, April 5. The stock of Suncor Energy Inc. (NYSE:SU) has “Outperform” rating given on Thursday, October 27 by Macquarie Research. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by Piper Jaffray on Sunday, April 22. The firm has “Overweight” rating given on Friday, February 9 by JP Morgan. The rating was initiated by JP Morgan on Tuesday, March 22 with “Neutral”. The firm earned “Buy” rating on Tuesday, November 21 by Edward Jones. The rating was upgraded by Citigroup on Thursday, June 23 to “Buy”. The firm earned “Buy” rating on Tuesday, January 23 by Piper Jaffray. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by Piper Jaffray on Thursday, January 11.

The Wendy's Company (NASDAQ:WEN) Institutional Positions Chart

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