Stoneridge Investment Partners Boosted Freeport (FCX) Holding; Mondelez International Class A (MDLZ) Shorts Down By 17.5%

November 15, 2017 - By Michael Collier

Stoneridge Investment Partners Llc increased Freeport (FCX) stake by 22.89% reported in 2017Q2 SEC filing. Stoneridge Investment Partners Llc acquired 66,223 shares as Freeport (FCX)’s stock declined 21.33%. The Stoneridge Investment Partners Llc holds 355,542 shares with $4.27M value, up from 289,319 last quarter. Freeport now has $19.97B valuation. The stock declined 1.01% or $0.14 reaching $13.66 on the news. About 58,688 shares traded. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since November 15, 2016 and is uptrending. It has underperformed by 9.87% the S&P500.

Mondelez International Class A (NASDAQ:MDLZ) had a decrease of 17.5% in short interest. MDLZ’s SI was 11.93M shares in November as released by FINRA. Its down 17.5% from 14.47M shares previously. With 8.10M avg volume, 2 days are for Mondelez International Class A (NASDAQ:MDLZ)’s short sellers to cover MDLZ’s short positions. About 37,657 shares traded. Mondelez International Inc (NASDAQ:MDLZ) has risen 5.69% since November 15, 2016 and is uptrending. It has underperformed by 11.01% the S&P500.

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.15, from 1.15 in 2017Q1. It turned negative, as 72 investors sold FCX shares while 201 reduced holdings. 66 funds opened positions while 206 raised stakes. 962.50 million shares or 2.74% less from 989.56 million shares in 2017Q1 were reported. Associated Banc has 0.01% invested in Freeport-McMoRan Inc (NYSE:FCX) for 11,241 shares. Bnp Paribas Asset Mngmt Holdg Sa owns 34,621 shares for 0% of their portfolio. Kessler Inv Group Incorporated Limited Co, Indiana-based fund reported 389,414 shares. Jupiter Asset invested in 0.08% or 196,800 shares. 408,267 are held by Boston. Whittier Tru Com Of Nevada invested in 0% or 2,368 shares. Cs Mckee Lp owns 0.46% invested in Freeport-McMoRan Inc (NYSE:FCX) for 476,925 shares. Old Mutual Customised Solutions (Proprietary) holds 0.07% or 38,759 shares in its portfolio. First Allied Advisory Serv Inc reported 0.05% in Freeport-McMoRan Inc (NYSE:FCX). The Delaware-based Riverhead Limited Liability Corporation has invested 0.02% in Freeport-McMoRan Inc (NYSE:FCX). Kames Capital Plc owns 0% invested in Freeport-McMoRan Inc (NYSE:FCX) for 57,894 shares. Amica Mutual Ins has 0.07% invested in Freeport-McMoRan Inc (NYSE:FCX). Hollencrest Securities Llc accumulated 0.06% or 31,325 shares. Natl Planning Corporation owns 29,719 shares or 0.03% of their US portfolio. 13,925 were accumulated by Rand Wealth Limited Liability Com.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 6 Sell and 12 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 86 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, July 31 with “Buy”. Barclays Capital initiated the shares of FCX in report on Wednesday, March 30 with “Equal-Weight” rating. The company was downgraded on Monday, October 5 by Deutsche Bank. As per Thursday, September 7, the company rating was initiated by Macquarie Research. The rating was maintained by Morgan Stanley on Tuesday, August 18 with “Overweight”. The firm earned “Outperform” rating on Saturday, August 15 by Macquarie Research. On Wednesday, September 14 the stock rating was maintained by Macquarie Research with “Neutral”. The stock has “Neutral” rating by Goldman Sachs on Thursday, May 19. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned “Hold” rating by Jefferies on Tuesday, January 12. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, September 13.

Stoneridge Investment Partners Llc decreased Mdc Partners Inc (NASDAQ:MDCA) stake by 45,727 shares to 24,222 valued at $240,000 in 2017Q2. It also reduced Apple Inc (NASDAQ:AAPL) stake by 36,843 shares and now owns 146,517 shares. Therapeuticsmd Inc (NYSEMKT:TXMD) was reduced too.

Investors sentiment increased to 0.99 in Q2 2017. Its up 0.09, from 0.9 in 2017Q1. It is positive, as 48 investors sold Mondelez International Inc shares while 407 reduced holdings. 91 funds opened positions while 359 raised stakes. 1.11 billion shares or 2.02% less from 1.13 billion shares in 2017Q1 were reported. Gofen & Glossberg Ltd Liability Co Il owns 0.86% invested in Mondelez International Inc (NASDAQ:MDLZ) for 526,180 shares. Belgium-based Kbc Nv has invested 0.35% in Mondelez International Inc (NASDAQ:MDLZ). Btim accumulated 0.06% or 80,709 shares. Stonebridge Cap Advsrs Ltd Liability invested in 6,817 shares. South State reported 1.06% stake. Ftb Inc invested in 0.03% or 7,115 shares. Crestpoint Capital Mgmt invested in 0.11% or 5,200 shares. Crawford Inv Counsel holds 0.01% or 4,705 shares in its portfolio. First Foundation has invested 1.14% in Mondelez International Inc (NASDAQ:MDLZ). Canal Ins has invested 0.08% in Mondelez International Inc (NASDAQ:MDLZ). The New York-based Cornerstone Cap Mgmt Ltd Liability has invested 0.1% in Mondelez International Inc (NASDAQ:MDLZ). Perkins Coie Tru has 33,817 shares for 0.79% of their portfolio. The Texas-based Avalon Advisors Limited Liability Corp has invested 0.3% in Mondelez International Inc (NASDAQ:MDLZ). Auxier Asset reported 41,144 shares. First Advisors Lp reported 0.02% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ).

Mondelez International, Inc. is a snack company. The company has market cap of $63.56 billion. The Firm makes and markets snack food and beverage products for consumers. It has a 29.45 P/E ratio. It operates through four divisions: Latin America, Asia, Middle East, and Africa , Europe and North America.

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