As Mondelez Intl (MDLZ) Valuation Declined, Ontario Teachers Pension Plan Board Trimmed by $2.35 Million Its Holding; As Ipg Photonics (IPGP) Stock Price Rose, State Treasurer State Of Michigan Cut Its Holding

August 12, 2018 - By Catherine Diaz

IPG Photonics Corporation (NASDAQ:IPGP) Logo

Ontario Teachers Pension Plan Board decreased its stake in Mondelez Intl Inc (MDLZ) by 8.56% based on its latest 2018Q1 regulatory filing with the SEC. Ontario Teachers Pension Plan Board sold 57,420 shares as the company’s stock declined 11.59% with the market. The institutional investor held 613,507 shares of the consumer non-durables company at the end of 2018Q1, valued at $25.60M, down from 670,927 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Mondelez Intl Inc for a number of months, seems to be less bullish one the $61.51 billion market cap company. The stock decreased 0.52% or $0.22 during the last trading session, reaching $41.94. About 3.88M shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has declined 14.94% since August 12, 2017 and is downtrending. It has underperformed by 27.51% the S&P500. Some Historical MDLZ News: 27/04/2018 – Mondelēz International Names Paulette Alviti Chief Human Resources Officer; 06/03/2018 – MONDELEZ CANCELS PRESENTATION AT UBS CONFERENCE DUE TO ILLNESS; 16/05/2018 – Activists Buy Newell, Citi; Sell AIG, Mondelez: 13F Roundup; 01/05/2018 – Mondelez 1Q EPS 62c; 06/05/2018 – MONDELEZ INTL TO BUY TATE’S BAKE SHOP; 01/05/2018 – MONDELEZ CEO DIRK VAN DE PUT SPEAKS ON CALL; 16/04/2018 – MONDELEZ INTERNATIONAL – ACCEPTED FOR PURCHASE ALL $570 MLN OF NOTES VALIDLY TENDERED & NOT VALIDLY WITHDRAWN PRIOR TO EARLY TENDER DATE; 14/05/2018 – Public-Private Partnerships Are Key To Addressing Childhood Obesity; 01/05/2018 – MONDELEZ EXECUTIVES DISCUSS RESULTS ON EARNINGS CALL; 01/05/2018 – Mondelez bags sales, profit beat

State Treasurer State Of Michigan decreased its stake in Ipg Photonics Corp (IPGP) by 17.78% based on its latest 2018Q1 regulatory filing with the SEC. State Treasurer State Of Michigan sold 2,400 shares as the company’s stock rose 0.74% while stock markets declined. The institutional investor held 11,100 shares of the semiconductors company at the end of 2018Q1, valued at $2.59 million, down from 13,500 at the end of the previous reported quarter. State Treasurer State Of Michigan who had been investing in Ipg Photonics Corp for a number of months, seems to be less bullish one the $8.73B market cap company. The stock decreased 1.32% or $2.17 during the last trading session, reaching $162.47. About 460,274 shares traded. IPG Photonics Corporation (NASDAQ:IPGP) has risen 81.13% since August 12, 2017 and is uptrending. It has outperformed by 68.56% the S&P500. Some Historical IPGP News: 21/04/2018 – DJ IPG Photonics Corporation, Inst Holders, 1Q 2018 (IPGP); 01/05/2018 – IPG Photonics 1Q Net $106.3M; 29/05/2018 – IPG Photonics Presenting at Cowen Conference Tomorrow; 07/05/2018 – IPG Photonics Non-Deal Roadshow Set By Benchmark for May. 14; 13/03/2018 – New Research Coverage Highlights Star Bulk Carriers, IPG Photonics, Mellanox Technologies, Hollysys Automation Technologies, Es; 01/05/2018 – IPG Photonics 1Q EPS $1.93; 01/05/2018 – IPG Photonics Sees 2Q Rev $400M-$430M; 01/05/2018 – IPG PHOTONICS 1Q EPS $1.93, EST. $1.81; 05/03/2018 IPG Photonics Closes Below 50-Day Moving Average: Technicals; 01/05/2018 – IPG Photonics 1Q Rev $359.9M

Since March 1, 2018, it had 0 buys, and 9 insider sales for $15.73 million activity. HURLEY WILLIAM S sold $1.32M worth of IPG Photonics Corporation (NASDAQ:IPGP) on Friday, May 11. Another trade for 10,000 shares valued at $2.54 million was sold by Valentin Gapontsev Trust I. $3.04M worth of stock was sold by Mammen Timothy PV on Thursday, March 1. Ness Trevor also sold $1.50M worth of IPG Photonics Corporation (NASDAQ:IPGP) on Thursday, May 10.

State Treasurer State Of Michigan, which manages about $12.42B US Long portfolio, upped its stake in Broadcom Ltd by 1,700 shares to 120,878 shares, valued at $28.49 million in 2018Q1, according to the filing. It also increased its holding in Square Inc by 1.15M shares in the quarter, for a total of 2.54 million shares, and has risen its stake in Alphabet Inc.

Among 14 analysts covering IPG Photonics (NASDAQ:IPGP), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. IPG Photonics had 40 analyst reports since September 15, 2015 according to SRatingsIntel. Credit Agricole downgraded the stock to “Outperform” rating in Friday, April 29 report. The firm earned “Buy” rating on Wednesday, February 15 by Dougherty & Company. The stock has “Buy” rating by Needham on Friday, October 20. Canaccord Genuity maintained it with “Hold” rating and $16200 target in Tuesday, August 1 report. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Monday, September 21 by DA Davidson. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Friday, June 16 by Canaccord Genuity. The rating was maintained by Stifel Nicolaus on Wednesday, August 1 with “Buy”. The stock has “Hold” rating by Canaccord Genuity on Tuesday, July 18. The rating was maintained by Stifel Nicolaus on Friday, June 30 with “Hold”. Northcoast maintained the shares of IPGP in report on Wednesday, January 31 with “Buy” rating.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.09, from 0.93 in 2017Q4. It is negative, as 36 investors sold IPGP shares while 173 reduced holdings. 66 funds opened positions while 109 raised stakes. 28.90 million shares or 0.95% more from 28.63 million shares in 2017Q4 were reported. Wasatch Advsrs has invested 0.02% in IPG Photonics Corporation (NASDAQ:IPGP). Exxonmobil Mgmt Tx has invested 0.04% in IPG Photonics Corporation (NASDAQ:IPGP). Keybank National Association Oh holds 5,888 shares. Invesco owns 266,837 shares. Assetmark owns 709 shares for 0% of their portfolio. Gemmer Asset Llc invested 0.01% in IPG Photonics Corporation (NASDAQ:IPGP). Signaturefd Lc accumulated 30 shares or 0% of the stock. Highbridge Capital holds 0.03% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 8,670 shares. Dalton Greiner Hartman Maher And Com owns 74,142 shares. Mai Capital has 5,116 shares. Tower Capital Ltd Liability Corp (Trc), New York-based fund reported 41 shares. Macquarie Limited invested in 0.02% or 37,774 shares. Btim stated it has 0.19% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP). State Teachers Retirement Sys holds 44,046 shares. Telemus Capital Limited Liability Company holds 3,067 shares or 0.06% of its portfolio.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on October, 30. They expect $1.94 earnings per share, down 8.06% or $0.17 from last year’s $2.11 per share. IPGP’s profit will be $104.23M for 20.94 P/E if the $1.94 EPS becomes a reality. After $2.24 actual earnings per share reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -13.39% negative EPS growth.

More notable recent IPG Photonics Corporation (NASDAQ:IPGP) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Dow Rises Over 150 Points; IPG Photonics Shares Fall On Earnings Miss” on July 31, 2018, also Fool.com with their article: “What to Expect When IPG Photonics Reports Earnings” published on July 28, 2018, Seekingalpha.com published: “IPG Photonics: A Misunderstood Gem” on August 02, 2018. More interesting news about IPG Photonics Corporation (NASDAQ:IPGP) were released by: Nasdaq.com and their article: “Mid-Day Market Update: Crude Oil Down 2%; Heidrick & Struggles Shares Gain Following Upbeat Q2 Results” published on July 31, 2018 as well as Prnewswire.com‘s news article titled: “Hagens Berman Alerts Investors in IPG Photonics Corporation (IPGP) to the Firm’s Investigation of Possible Disclosure …” with publication date: August 01, 2018.

Since February 16, 2018, it had 2 insider buys, and 3 insider sales for $1.03 billion activity. On Friday, March 9 MAY PETER W bought $45.54M worth of Mondelez International, Inc. (NASDAQ:MDLZ) or 1.03 million shares. BUNCH CHARLES E bought 2,000 shares worth $87,800. Shares for $284.87M were sold by PELTZ NELSON.

Ontario Teachers Pension Plan Board, which manages about $6.69 billion US Long portfolio, upped its stake in Manulife Finl Corp (NYSE:MFC) by 419,494 shares to 2.70M shares, valued at $50.03 million in 2018Q1, according to the filing. It also increased its holding in Progressive Corp Ohio (NYSE:PGR) by 64,182 shares in the quarter, for a total of 270,343 shares, and has risen its stake in Cae Inc (NYSE:CAE).

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on October, 29. They expect $0.61 EPS, up 7.02% or $0.04 from last year’s $0.57 per share. MDLZ’s profit will be $894.61 million for 17.19 P/E if the $0.61 EPS becomes a reality. After $0.56 actual EPS reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts 8.93% EPS growth.

Investors sentiment increased to 1.04 in Q1 2018. Its up 0.04, from 1 in 2017Q4. It improved, as 46 investors sold MDLZ shares while 390 reduced holdings. 101 funds opened positions while 352 raised stakes. 1.06 billion shares or 0.62% less from 1.07 billion shares in 2017Q4 were reported. Fishman Jay A Ltd Mi holds 0% or 7,894 shares. Nebraska-based First Bank Of Omaha has invested 0.02% in Mondelez International, Inc. (NASDAQ:MDLZ). Stonebridge Cap Limited Co holds 6,662 shares or 0.06% of its portfolio. Agf Invests stated it has 2.69M shares. Cap Innovations Ltd Limited Liability Company stated it has 12,764 shares or 1.3% of all its holdings. The California-based Pacific Glob Mngmt has invested 0.26% in Mondelez International, Inc. (NASDAQ:MDLZ). Toronto Dominion Retail Bank has 0.08% invested in Mondelez International, Inc. (NASDAQ:MDLZ). Baldwin Investment Ltd Company accumulated 20,418 shares or 0.3% of the stock. Pinnacle Prtn Incorporated reported 94,428 shares. Rbf Cap Ltd Limited Liability Company invested in 0.72% or 145,363 shares. Capwealth Advsr Ltd Limited Liability Company has invested 0.14% in Mondelez International, Inc. (NASDAQ:MDLZ). Sterling Capital Management Ltd Liability holds 0% or 5,165 shares. Salem Invest Counselors Inc reported 63,202 shares. Inr Advisory Services Limited Liability reported 1,000 shares stake. 13,691 were accumulated by Park National Corporation Oh.

Among 24 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 19 have Buy rating, 1 Sell and 4 Hold. Therefore 79% are positive. Mondelez International Inc had 70 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Tuesday, January 19. RBC Capital Markets maintained it with “Outperform” rating and $49 target in Friday, July 31 report. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) earned “Buy” rating by DZ Bank on Friday, July 27. Buckingham Research initiated it with “Buy” rating and $56 target in Monday, October 19 report. As per Wednesday, August 2, the company rating was maintained by Susquehanna. As per Tuesday, July 25, the company rating was upgraded by PiperJaffray. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. The firm earned “Positive” rating on Monday, October 26 by Susquehanna. The firm earned “Outperform” rating on Monday, October 26 by RBC Capital Markets. The rating was maintained by Morgan Stanley on Wednesday, May 2 with “Overweight”.

Mondelez International, Inc. (NASDAQ:MDLZ) 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.

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 Posts