As Amerisourcebergen (ABC) Market Value Declined, Provise Management Group Raised Position by $1.05 Million; Conagra Brands (CAG) Holder Enterprise Financial Services Has Decreased Its Holding

February 15, 2018 - By Richard Conner

Provise Management Group Llc increased its stake in Amerisourcebergen Corp (ABC) by 27.42% based on its latest 2017Q3 regulatory filing with the SEC. Provise Management Group Llc bought 12,830 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 59,628 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $4.93M, up from 46,798 at the end of the previous reported quarter. Provise Management Group Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $21.19B market cap company. The stock increased 0.04% or $0.04 during the last trading session, reaching $96.44. About 1.95 million shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 15, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Enterprise Financial Services Corp decreased its stake in Conagra Brands Inc (CAG) by 92.93% based on its latest 2017Q3 regulatory filing with the SEC. Enterprise Financial Services Corp sold 8,875 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 675 shares of the consumer non-durables company at the end of 2017Q3, valued at $23,000, down from 9,550 at the end of the previous reported quarter. Enterprise Financial Services Corp who had been investing in Conagra Brands Inc for a number of months, seems to be less bullish one the $14.52B market cap company. The stock increased 1.97% or $0.7 during the last trading session, reaching $36.24. About 1.54M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since February 15, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 46 analyst reports since September 16, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 7 by RBC Capital Markets. Jefferies maintained Conagra Brands, Inc. (NYSE:CAG) rating on Friday, July 28. Jefferies has “Buy” rating and $4000 target. The stock has “Hold” rating by Bernstein on Thursday, December 14. The firm has “Buy” rating by Jefferies given on Thursday, July 6. The firm earned “Overweight” rating on Wednesday, November 9 by JP Morgan. On Friday, July 1 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Morgan Stanley maintained the stock with “Buy” rating in Friday, June 23 report. Citigroup maintained the shares of CAG in report on Friday, April 8 with “Neutral” rating. The stock has “Buy” rating by Jefferies on Friday, July 14. The rating was maintained by Jefferies on Tuesday, October 3 with “Buy”.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It is positive, as 53 investors sold CAG shares while 197 reduced holdings. 66 funds opened positions while 181 raised stakes. 310.77 million shares or 1.88% less from 316.73 million shares in 2017Q2 were reported. Reilly Financial Advsrs Lc owns 897 shares. Huber Cap Ltd Liability Corporation has 291,537 shares. Tiedemann Wealth Ltd Liability accumulated 9,963 shares. New Mexico Educational Retirement Board invested 0.06% in Conagra Brands, Inc. (NYSE:CAG). Dubuque Natl Bank And Trust Company has invested 0% in Conagra Brands, Inc. (NYSE:CAG). Vantage Investment Advsr Ltd Liability Corp reported 412 shares or 0% of all its holdings. Korea Investment Corp holds 0.07% in Conagra Brands, Inc. (NYSE:CAG) or 437,132 shares. 100 were accumulated by Barrett Asset Mgmt Ltd Company. Prudential Inc accumulated 2.47 million shares. Regions Fincl stated it has 0.04% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Cullen Frost Bankers has 0.02% invested in Conagra Brands, Inc. (NYSE:CAG) for 17,274 shares. Veritable Lp accumulated 46,174 shares. Moreover, Carlson Limited Partnership has 0.3% invested in Conagra Brands, Inc. (NYSE:CAG) for 516,315 shares. Cornerstone Cap Mgmt Holding Limited Liability holds 0.05% or 181,595 shares in its portfolio. Comerica National Bank invested in 0.04% or 181,272 shares.

Since October 13, 2017, it had 0 buys, and 2 insider sales for $5.47 million activity. Batcheler Colleen had sold 133,869 shares worth $4.59 million.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Thursday, January 12. Leerink Swann upgraded the shares of ABC in report on Tuesday, January 17 to “Outperform” rating. The firm earned “Market Perform” rating on Wednesday, January 6 by Raymond James. The stock has “Hold” rating by RBC Capital Markets on Tuesday, February 6. The rating was maintained by Leerink Swann on Monday, August 7 with “Buy”. Leerink Swann downgraded the stock to “Mkt Perform” rating in Friday, November 4 report. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Hold” rating given on Thursday, July 27 by Jefferies. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Buy” rating given on Monday, November 6 by Robert W. Baird. The firm earned “Buy” rating on Monday, July 27 by TheStreet. Needham maintained AmerisourceBergen Corporation (NYSE:ABC) on Thursday, February 8 with “Buy” rating.

Provise Management Group Llc, which manages about $1.14 billion and $689.10M US Long portfolio, decreased its stake in Philip Morris Intl Inc (NYSE:PM) by 5,986 shares to 29,320 shares, valued at $3.26 million in 2017Q3, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 4,387 shares in the quarter, leaving it with 51,831 shares, and cut its stake in Select Sector Spdr Tr (XLF).

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