Cibc World Markets Raised Procter And Gamble Co (PG) Position By $5.63 Million; Farmer Brothers Co (FARM) Sentiment Is 1.05

March 23, 2018 - By Henry Gaston

Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company has market cap of $515.95 million. The firm offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink iced coffee. It currently has negative earnings. It sells its products under the Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, Direct Trade, Fair Trade Certified, Rainforest Alliance Certified, Un Momento, Collaborative Coffee, Cain's, and McGarvey brand names, as well as under various private labels.

Cibc World Markets Inc increased Procter And Gamble Co (PG) stake by 19.6% reported in 2017Q3 SEC filing. Cibc World Markets Inc acquired 62,534 shares as Procter And Gamble Co (PG)’s stock declined 5.32%. The Cibc World Markets Inc holds 381,650 shares with $34.72 million value, up from 319,116 last quarter. Procter And Gamble Co now has $191.37B valuation. The stock decreased 0.65% or $0.5 during the last trading session, reaching $75.91. About 11.54 million shares traded or 18.80% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since March 23, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.07, from 0.82 in 2017Q2. It increased, as 51 investors sold PG shares while 765 reduced holdings. 110 funds opened positions while 558 raised stakes. 1.50 billion shares or 1.10% more from 1.48 billion shares in 2017Q2 were reported. Bahl & Gaynor stated it has 2.54 million shares or 2.53% of all its holdings. New Jersey-based Lord Abbett Co Ltd has invested 0.48% in The Procter & Gamble Company (NYSE:PG). Chilton Capital Limited Liability Corp holds 0.37% or 41,866 shares. Alpha Cubed Invs reported 198,387 shares. Baldwin Investment Management Limited Liability Company reported 3,390 shares. Texan Cap Management reported 1.55% of its portfolio in The Procter & Gamble Company (NYSE:PG). Qs Lc holds 0.32% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 437,797 shares. Swedbank stated it has 1.11 million shares. Ntv Asset Lc holds 1.21% or 45,961 shares. First State Bank holds 302,472 shares or 4.66% of its portfolio. Moreover, Grantham Mayo Van Otterloo Communications Ltd Limited Liability Company has 0.01% invested in The Procter & Gamble Company (NYSE:PG). Murphy Capital Management, a New Jersey-based fund reported 96,247 shares. Nationwide Fund Advsrs has invested 0.52% in The Procter & Gamble Company (NYSE:PG). Nuveen Asset Management Limited Liability Co owns 273,617 shares. California Employees Retirement holds 6.25 million shares.

Cibc World Markets Inc decreased Blackstone Group LP (NYSE:BX) stake by 15,668 shares to 141,692 valued at $4.73M in 2017Q3. It also reduced Select Sector Spdr Tr (XLU) stake by 17,736 shares and now owns 54,427 shares. Carmax Inc (NYSE:KMX) was reduced too.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 12 Hold. Therefore 48% are positive. Proctor & Gamble had 79 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, July 30 by Credit Suisse. On Thursday, August 17 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Jefferies given on Tuesday, October 3. The company was upgraded on Monday, August 15 by B. Riley & Co. As per Thursday, October 29, the company rating was maintained by Barclays Capital. The stock of The Procter & Gamble Company (NYSE:PG) earned “Equal Weight” rating by Morgan Stanley on Tuesday, September 1. Bank of America maintained The Procter & Gamble Company (NYSE:PG) rating on Tuesday, September 19. Bank of America has “Buy” rating and $100 target. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Tuesday, January 23 by SunTrust. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Thursday, July 27. The rating was upgraded by Suntrust Robinson on Tuesday, September 8 to “Buy”.

Since September 30, 2017, it had 0 buys, and 9 selling transactions for $8.14 million activity. 1,935 The Procter & Gamble Company (NYSE:PG) shares with value of $152,724 were sold by TASTAD CAROLYN M. Majoras Deborah P had sold 4,591 shares worth $401,642 on Saturday, September 30. Another trade for 9,005 shares valued at $739,189 was sold by Posada Juan Fernando. Fish Kathleen B sold $1.93 million worth of The Procter & Gamble Company (NYSE:PG) on Thursday, February 15. $668,179 worth of The Procter & Gamble Company (NYSE:PG) was sold by Pritchard Marc S. on Thursday, February 15. Shares for $184,924 were sold by FergusonMchugh MaryLynn on Wednesday, November 15. Schomburger Jeffrey K had sold 37,776 shares worth $3.07 million on Thursday, February 15.

Analysts await Farmer Bros. Co. (NASDAQ:FARM) to report earnings on May, 8. They expect $0.20 earnings per share, up 17.65% or $0.03 from last year’s $0.17 per share. FARM’s profit will be $3.34M for 38.63 P/E if the $0.20 EPS becomes a reality. After $0.15 actual earnings per share reported by Farmer Bros. Co. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

The stock decreased 1.90% or $0.6 during the last trading session, reaching $30.9. About 37,167 shares traded. Farmer Bros. Co. (FARM) has risen 11.98% since March 23, 2017 and is uptrending. It has underperformed by 4.72% the S&P500.

Since January 1, 0001, it had 1 insider purchase, and 3 sales for $1.85 million activity.

Trigran Investments Inc. holds 7.4% of its portfolio in Farmer Bros. Co. for 999,231 shares. Perritt Capital Management Inc owns 127,241 shares or 1.1% of their US portfolio. Moreover, Portolan Capital Management Llc has 0.93% invested in the company for 238,204 shares. The California-based Granite Investment Partners Llc has invested 0.8% in the stock. Teton Advisors Inc., a New York-based fund reported 206,013 shares.

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