Cortland Advisers Upped Southern Co/The (SO) Holding by $8.04 Million; Kellogg Co Com (K) Market Value Declined While Peoples Financial Services Upped by $393,300 Its Stake

October 12, 2017 - By Hazel Jackson

Cortland Advisers Llc increased its stake in Southern Co/The (SO) by 14.17% based on its latest 2017Q2 regulatory filing with the SEC. Cortland Advisers Llc bought 171,021 shares as the company’s stock rose 4.35% with the market. The institutional investor held 1.38 million shares of the central company at the end of 2017Q2, valued at $65.99M, up from 1.21 million at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Southern Co/The for a number of months, seems to be bullish on the $50.54B market cap company. The stock rose 0.41% or $0.21 reaching $50.69 per share. About 2.25M shares traded. Southern Co (NYSE:SO) has risen 2.49% since October 12, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Peoples Financial Services Corp increased its stake in Kellogg Co Com (K) by 62.64% based on its latest 2017Q2 regulatory filing with the SEC. Peoples Financial Services Corp bought 5,700 shares as the company’s stock declined 2.57% while stock markets rallied. The institutional investor held 14,800 shares of the packaged foods company at the end of 2017Q2, valued at $1.03M, up from 9,100 at the end of the previous reported quarter. Peoples Financial Services Corp who had been investing in Kellogg Co Com for a number of months, seems to be bullish on the $21.39B market cap company. The stock rose 1.78% or $1.09 reaching $62.34 per share. About 2.30 million shares traded. Kellogg Company (NYSE:K) has declined 5.60% since October 12, 2016 and is downtrending. It has underperformed by 22.30% the S&P500.




Since May 5, 2017, it had 0 insider purchases, and 4 selling transactions for $7.40 million activity. $256,400 worth of Southern Co (NYSE:SO) was sold by Daiss Ann P on Monday, June 12. Another trade for 25,000 shares valued at $1.29 million was made by Lantrip Mark on Wednesday, June 14. $3.43 million worth of Southern Co (NYSE:SO) shares were sold by Kerr – II James Y.

Investors sentiment decreased to 1.16 in 2017 Q2. Its down 0.01, from 1.17 in 2017Q1. It worsened, as 60 investors sold SO shares while 330 reduced holdings. 78 funds opened positions while 373 raised stakes. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Maple Cap Management, Vermont-based fund reported 7,519 shares. Arvest Bancorp Tru Division holds 0.04% in Southern Co (NYSE:SO) or 10,373 shares. Stadion Money Mgmt Ltd Liability reported 0.06% of its portfolio in Southern Co (NYSE:SO). The California-based First Quadrant Limited Partnership Ca has invested 0% in Southern Co (NYSE:SO). Exchange Capital Management holds 0.23% or 14,491 shares. Cambridge Research Advisors Incorporated owns 210,269 shares for 0.15% of their portfolio. Peninsula Asset Mngmt Inc holds 1.96% of its portfolio in Southern Co (NYSE:SO) for 54,835 shares. Atlanta Group reported 30,296 shares. Sumitomo Mitsui Asset Mngmt Co Limited holds 0.06% or 79,036 shares in its portfolio. Douglass Winthrop Advsr Ltd Com has invested 0.11% in Southern Co (NYSE:SO). Ameritas Prtn holds 0.05% or 22,481 shares in its portfolio. Moreover, United Financial Advisers Ltd has 0.15% invested in Southern Co (NYSE:SO) for 339,148 shares. Huntington Bank holds 0.24% in Southern Co (NYSE:SO) or 283,941 shares. Kentucky Retirement Systems stated it has 63,758 shares or 0.23% of all its holdings. Chemung Canal holds 0.33% or 29,337 shares in its portfolio.

More notable recent Southern Co (NYSE:SO) news were published by: Investorplace.com which released: “Southern Co’s (SO) Sell Recommendation Remains in Place” on October 04, 2017, also Bloomberg.com with their article: “Trump Hands $3.7 Billion Lifeline to Last US Nuke Project” published on September 29, 2017, Streetinsider.com published: “Guggenheim Upgrades Southern Co. (SO) to Buy” on September 14, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Bizjournals.com and their article: “Georgia Power elects Southern Co. veteran to fill CFO role” published on October 03, 2017 as well as Seekingalpha.com‘s news article titled: “Investors Maintain Their Faith In Southern Company” with publication date: October 02, 2017.

Cortland Advisers Llc, which manages about $2.08 billion US Long portfolio, decreased its stake in Bank Of Montreal (NYSE:BMO) by 27,621 shares to 702,660 shares, valued at $51.60 million in 2017Q2, according to the filing. It also reduced its holding in Dominion Resources Inc/Va (NYSE:D) by 9,069 shares in the quarter, leaving it with 232,512 shares, and cut its stake in Berkshire Hathaway Inc (BRKB).

Among 16 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 3 Sell and 8 Hold. Therefore 31% are positive. The Southern Company had 42 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Southern Co (NYSE:SO) earned “Overweight” rating by Barclays Capital on Thursday, July 14. The company was maintained on Monday, September 26 by SunTrust. RBC Capital Markets maintained Southern Co (NYSE:SO) on Sunday, September 3 with “Hold” rating. The firm earned “Sector Perform” rating on Friday, May 13 by Scotia Capital. SunTrust maintained Southern Co (NYSE:SO) rating on Monday, October 19. SunTrust has “Neutral” rating and $47 target. The rating was maintained by Jefferies with “Buy” on Wednesday, July 19. The stock of Southern Co (NYSE:SO) earned “Sector Perform” rating by Howard Weil on Friday, May 13. The stock of Southern Co (NYSE:SO) earned “Sell” rating by Citigroup on Thursday, December 15. On Friday, September 29 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Deutsche Bank upgraded the shares of SO in report on Tuesday, August 1 to “Buy” rating.

Peoples Financial Services Corp, which manages about $170.75M US Long portfolio, decreased its stake in Mcdonalds Corp Com (NYSE:MCD) by 2,500 shares to 24,398 shares, valued at $3.74M in 2017Q2, according to the filing.

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.04, from 0.87 in 2017Q1. It is negative, as 58 investors sold K shares while 213 reduced holdings. 53 funds opened positions while 172 raised stakes. 296.50 million shares or 2.70% more from 288.72 million shares in 2017Q1 were reported. Moreover, Wendell David Assoc Inc has 0.19% invested in Kellogg Company (NYSE:K) for 14,700 shares. Jane Street Group Inc Inc Lc invested in 0.01% or 27,678 shares. 3,100 were accumulated by Hyman Charles D. Guggenheim Capital Llc reported 0.13% stake. The California-based Tarbox Family Office has invested 0% in Kellogg Company (NYSE:K). Blb&B Advsr has 0.06% invested in Kellogg Company (NYSE:K). Lombard Odier Asset Management (Europe) Limited, a United Kingdom-based fund reported 3,514 shares. Teachers Retirement Of The State Of Kentucky invested in 0.02% or 27,500 shares. 116,112 are held by Qs Investors Lc. Fayez Sarofim has 0.28% invested in Kellogg Company (NYSE:K) for 763,763 shares. 68,222 were accumulated by Commerzbank Aktiengesellschaft Fi. 54,170 are held by Suntrust Banks Inc. Wilbanks Smith Thomas Asset Mngmt Limited Liability invested in 0.47% or 77,660 shares. Northern Tru Corp owns 3.37 million shares for 0.07% of their portfolio. Qci Asset Mgmt Ny invested 0% of its portfolio in Kellogg Company (NYSE:K).

More notable recent Kellogg Company (NYSE:K) news were published by: Mlive.com which released: “Kellogg Co. elects new CEO as veteran leader John A. Bryant steps down” on September 28, 2017, also Prnewswire.com with their article: “Kellogg Company Committed To Ensuring Its Media And Creative #SeeHer” published on October 12, 2017, Seekingalpha.com published: “Kellogg: Adapt To Survive” on October 07, 2017. More interesting news about Kellogg Company (NYSE:K) were released by: Chicagotribune.com and their article: “Founded in a suburban basement four years ago, Chicago-based RXBar sells to …” published on October 06, 2017 as well as Forbes.com‘s news article titled: “Kellogg Looks To Wellness Market For Corporate Health; More CPG Brands Must Follow” with publication date: October 02, 2017.

Since May 8, 2017, it had 0 buys, and 3 selling transactions for $7.18 million activity. 70,000 Kellogg Company (NYSE:K) shares with value of $4.97M were sold by JENNESS JAMES M. KELLOGG W K FOUNDATION TRUST also sold $1.85 million worth of Kellogg Company (NYSE:K) shares.

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