Kempen Capital Management Cut Its Exelon Com (EXC) Holding by $482,400 as Stock Declined; First Mercantile Trust Co Cut Its Conagra Brands (CAG) Stake as Valuation Declined

November 15, 2017 - By Adrian Mccoy

First Mercantile Trust Co decreased its stake in Conagra Brands Inc (CAG) by 61.65% based on its latest 2017Q2 regulatory filing with the SEC. First Mercantile Trust Co sold 22,750 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 14,150 shares of the consumer non-durables company at the end of 2017Q2, valued at $506,000, down from 36,900 at the end of the previous reported quarter. First Mercantile Trust Co who had been investing in Conagra Brands Inc for a number of months, seems to be less bullish one the $14.65 billion market cap company. It closed at $35.87 lastly. It is down 8.39% since November 15, 2016 and is uptrending. It has underperformed by 8.31% the S&P500.

Kempen Capital Management decreased its stake in Exelon Corp Com (EXC) by 2.03% based on its latest 2017Q2 regulatory filing with the SEC. Kempen Capital Management sold 13,400 shares as the company’s stock declined 1.46% while stock markets rallied. The institutional investor held 646,850 shares of the power generation company at the end of 2017Q2, valued at $23.33 million, down from 660,250 at the end of the previous reported quarter. Kempen Capital Management who had been investing in Exelon Corp Com for a number of months, seems to be less bullish one the $40.73 billion market cap company. The stock declined 0.19% or $0.08 reaching $42.31 per share. About 24,663 shares traded. Exelon Corporation (NYSE:EXC) has risen 2.57% since November 15, 2016 and is uptrending. It has underperformed by 14.13% the S&P500.

Investors sentiment increased to 1.14 in Q2 2017. Its up 0.12, from 1.02 in 2017Q1. It improved, as 51 investors sold EXC shares while 228 reduced holdings. 84 funds opened positions while 235 raised stakes. 723.10 million shares or 5.56% more from 685.01 million shares in 2017Q1 were reported. Phocas Fincl accumulated 250 shares. Virtus Investment Advisers holds 0.07% of its portfolio in Exelon Corporation (NYSE:EXC) for 20,985 shares. Daiwa Sb Invs Limited has invested 0% of its portfolio in Exelon Corporation (NYSE:EXC). Chesley Taft & Assoc Limited Liability Corp reported 5,915 shares. California-based Denali Ltd Limited Liability Company has invested 0.74% in Exelon Corporation (NYSE:EXC). 182 were accumulated by Cornerstone Advsr. Twin Capital Mgmt, a Pennsylvania-based fund reported 87,650 shares. Pub Employees Retirement System Of Ohio holds 0.13% in Exelon Corporation (NYSE:EXC) or 637,556 shares. 12,503 are owned by Trustco Fincl Bank N Y. Electron Capital Limited Company has invested 6.29% in Exelon Corporation (NYSE:EXC). Gideon Advsrs holds 8,828 shares or 0.35% of its portfolio. Webster Retail Bank N A has invested 0.01% in Exelon Corporation (NYSE:EXC). Regions Fincl Corp owns 41,155 shares. The Guernsey-based Bluecrest Capital Mgmt Limited has invested 0.09% in Exelon Corporation (NYSE:EXC). Clearbridge Invests Ltd Llc has invested 0.13% in Exelon Corporation (NYSE:EXC).

Among 20 analysts covering Exelon Corporation (NYSE:EXC), 13 have Buy rating, 2 Sell and 5 Hold. Therefore 65% are positive. Exelon Corporation had 60 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Wednesday, July 20. Jefferies maintained the stock with “Buy” rating in Thursday, August 3 report. The stock of Exelon Corporation (NYSE:EXC) has “Sell” rating given on Wednesday, October 11 by Goldman Sachs. On Wednesday, October 18 the stock rating was maintained by SunTrust with “Buy”. The firm has “Buy” rating given on Sunday, September 10 by RBC Capital Markets. Wells Fargo maintained Exelon Corporation (NYSE:EXC) on Monday, August 31 with “Buy” rating. Howard Weil initiated it with “Sector Perform” rating and $34 target in Tuesday, November 17 report. Deutsche Bank maintained it with “Buy” rating and $36 target in Thursday, February 4 report. Morgan Stanley downgraded Exelon Corporation (NYSE:EXC) on Tuesday, March 28 to “Equal-Weight” rating. The stock has “Hold” rating by BMO Capital Markets on Friday, May 5.

Analysts await Exelon Corporation (NYSE:EXC) to report earnings on February, 14. They expect $0.60 EPS, up 36.36% or $0.16 from last year’s $0.44 per share. EXC’s profit will be $577.59M for 17.63 P/E if the $0.60 EPS becomes a reality. After $0.85 actual EPS reported by Exelon Corporation for the previous quarter, Wall Street now forecasts -29.41% negative EPS growth.

More important recent Exelon Corporation (NYSE:EXC) news were published by: Seekingalpha.com which released: “Platts: Exelon’s FitzPatrick nuclear unit at reduced power” on November 07, 2017, also Nasdaq.com published article titled: “Exelon Corporation (EXC) Ex-Dividend Date Scheduled for November 14, 2017”, Seekingalpha.com published: “Exelon’s (EXC) CEO Chris Crane on Q3 2017 Results – Earnings Call Transcript” on November 02, 2017. More interesting news about Exelon Corporation (NYSE:EXC) was released by: Seekingalpha.com and their article: “Exelon’s Texas merchant subsidiary files Chapter 11” with publication date: November 07, 2017.

Kempen Capital Management, which manages about $1.06B US Long portfolio, upped its stake in Ventas Inc Com (NYSE:VTR) by 22,272 shares to 183,907 shares, valued at $12.78M in 2017Q2, according to the filing. It also increased its holding in Vornado Rlty Tr Sh Ben Int (NYSE:VNO) by 21,767 shares in the quarter, for a total of 101,573 shares, and has risen its stake in Dupont Fabros Technology Inc Com (NYSE:DFT).

Since June 9, 2017, it had 0 buys, and 2 sales for $17.51 million activity. Another trade for 465,892 shares valued at $17.02M was made by SHATTUCK MAYO A III on Friday, June 9.

More notable recent Conagra Brands Inc (NYSE:CAG) news were published by: Prnewswire.com which released: “Conagra Brands Completes Acquisition Of Angie’s Artisan Treats, LLC, Maker Of …” on October 23, 2017, also Seekingalpha.com with their article: “Conagra Brands: One To Watch” published on November 15, 2017, Nasdaq.com published: “ConAgra Brands, Inc. (CAG) Ex-Dividend Date Scheduled for October 30, 2017” on October 27, 2017. More interesting news about Conagra Brands Inc (NYSE:CAG) were released by: Prnewswire.com and their article: “Conagra Brands Announces Details Of 2017 Morgan Stanley Global Consumer …” published on November 02, 2017 as well as Foodbusinessnews.net‘s news article titled: “Conagra Brands teams up with Taco Bell for new product launch” with publication date: October 26, 2017.

First Mercantile Trust Co, which manages about $553.66M US Long portfolio, upped its stake in Macom Technology Solutions H (NASDAQ:MTSI) by 6,723 shares to 9,095 shares, valued at $508,000 in 2017Q2, according to the filing. It also increased its holding in Telephone And Data Systems (NYSE:TDS) by 20,519 shares in the quarter, for a total of 38,699 shares, and has risen its stake in Concho Resources Inc (NYSE:CXO).

Analysts await Conagra Brands Inc (NYSE:CAG) to report earnings on December, 28. They expect $0.52 EPS, up 6.12% or $0.03 from last year’s $0.49 per share. CAG’s profit will be $212.38M for 17.25 P/E if the $0.52 EPS becomes a reality. After $0.46 actual EPS reported by Conagra Brands Inc for the previous quarter, Wall Street now forecasts 13.04% EPS growth.

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 8 have Buy rating, 2 Sell and 3 Hold. Therefore 62% are positive. ConAgra Foods had 42 analyst reports since September 16, 2015 according to SRatingsIntel. On Tuesday, March 21 the stock rating was downgraded by Bernstein to “Underperform”. The firm earned “Hold” rating on Friday, June 30 by Credit Suisse. The stock of Conagra Brands Inc (NYSE:CAG) has “Hold” rating given on Thursday, September 24 by TheStreet. Morgan Stanley maintained Conagra Brands Inc (NYSE:CAG) on Friday, June 23 with “Buy” rating. The stock of Conagra Brands Inc (NYSE:CAG) has “Buy” rating given on Friday, February 12 by Bank of America. Citigroup maintained the stock with “Neutral” rating in Friday, April 8 report. As per Tuesday, October 3, the company rating was maintained by Jefferies. Deutsche Bank maintained Conagra Brands Inc (NYSE:CAG) rating on Friday, April 8. Deutsche Bank has “Hold” rating and $48 target. The stock of Conagra Brands Inc (NYSE:CAG) has “Overweight” rating given on Wednesday, September 23 by JP Morgan. The firm earned “Buy” rating on Friday, July 28 by Jefferies.

Investors sentiment decreased to 0.82 in Q2 2017. Its down 0.27, from 1.09 in 2017Q1. It is negative, 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. Toronto Dominion Comml Bank has invested 0.02% in Conagra Brands Inc (NYSE:CAG). Breton Hill Cap holds 0.22% of its portfolio in Conagra Brands Inc (NYSE:CAG) for 33,523 shares. Obermeyer Wood Investment Counsel Lllp stated it has 13,755 shares or 0.04% of all its holdings. Raymond James And Associates invested in 156,084 shares or 0.01% of the stock. Mariner Wealth Advsr Limited Liability Co owns 46,097 shares or 0.08% of their US portfolio. 1,551 are held by First Interstate Comml Bank. Cambridge Invest Advisors invested in 55,989 shares. Caxton Lp has 15,900 shares. Private Ocean Lc, a California-based fund reported 3,000 shares. Laurion Mgmt Ltd Partnership holds 0.03% in Conagra Brands Inc (NYSE:CAG) or 136,500 shares. First Tru Advsrs Lp owns 0.05% invested in Conagra Brands Inc (NYSE:CAG) for 545,681 shares. Nomura Asset Management Company holds 129,588 shares or 0.06% of its portfolio. Fuller And Thaler Asset reported 4,300 shares. Korea Inv Corp holds 318,132 shares or 0.05% of its portfolio. Ibm Retirement Fund holds 0.04% or 6,000 shares.

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