Mondelez Intl (MDLZ) Shareholder Pershing Square Capital Management LP Trimmed Stake; La Quinta Hldgs (LQ) Holder Moab Capital Partners Has Trimmed Its Holding as Share Value Declined

February 18, 2018 - By Darrin Black

Bill Ackman decreased its stake in Mondelez Intl Inc (MDLZ) by 3.92% based on its latest 2017Q3 regulatory filing with the SEC. Pershing Square Capital Management Lp sold 568,780 shares as the company’s stock rose 7.60% with the market. The hedge fund run by Bill Ackman held 13.93 million shares of the consumer non-durables company at the end of 2017Q3, valued at $566.29 million, down from 14.50M at the end of the previous reported quarter. Pershing Square Capital Management Lp who had been investing in Mondelez Intl Inc for a number of months, seems to be less bullish one the $65.65 billion market cap company. The stock increased 0.14% or $0.06 during the last trading session, reaching $44.14. About 6.81 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 5.69% since February 18, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Michael M. Rothenberg decreased its stake in La Quinta Hldgs Inc (LQ) by 31.06% based on its latest 2017Q3 regulatory filing with the SEC. Moab Capital Partners Llc sold 110,985 shares as the company’s stock declined 2.52% while stock markets rallied. The hedge fund run by Michael M. Rothenberg held 246,362 shares of the hotels and resorts company at the end of 2017Q3, valued at $4.31 million, down from 357,347 at the end of the previous reported quarter. Moab Capital Partners Llc who had been investing in La Quinta Hldgs Inc for a number of months, seems to be less bullish one the $2.21 billion market cap company. The stock decreased 0.11% or $0.02 during the last trading session, reaching $19. About 632,933 shares traded. La Quinta Holdings Inc. (NYSE:LQ) has risen 19.42% since February 18, 2017 and is uptrending. It has outperformed by 2.72% the S&P500.




Since September 12, 2017, it had 0 insider purchases, and 1 sale for $286,580 activity.

Among 23 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 18 have Buy rating, 1 Sell and 4 Hold. Therefore 78% are positive. Mondelez International Inc had 61 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 4 by Canaccord Genuity. Morgan Stanley maintained Mondelez International, Inc. (NASDAQ:MDLZ) rating on Friday, October 13. Morgan Stanley has “Overweight” rating and $48 target. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. On Tuesday, October 31 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Buy” rating by Societe Generale on Friday, February 2. RBC Capital Markets maintained it with “Buy” rating and $5400 target in Thursday, July 6 report. The stock of Mondelez International, Inc. (NASDAQ:MDLZ) has “Overweight” rating given on Tuesday, September 6 by JP Morgan. The rating was initiated by UBS on Wednesday, February 24 with “Buy”. The firm earned “Neutral” rating on Wednesday, February 8 by Susquehanna. On Friday, September 1 the stock rating was maintained by RBC Capital Markets with “Buy”.

Pershing Square Capital Management Lp, which manages about $15.21B and $5.11B US Long portfolio, upped its stake in Automatic Data Processing In (NASDAQ:ADP) by 7.05 million shares to 8.80 million shares, valued at $961.85M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.15, from 0.99 in 2017Q2. It worsened, as 78 investors sold MDLZ shares while 422 reduced holdings. 81 funds opened positions while 339 raised stakes. 1.08 billion shares or 2.31% less from 1.11 billion shares in 2017Q2 were reported. Walter And Keenan Financial Consulting Mi Adv reported 0.1% stake. Cullinan holds 0.09% or 27,460 shares. Moors Cabot holds 66,739 shares or 0.39% of its portfolio. Moreover, Karpas Strategies Llc has 0.13% invested in Mondelez International, Inc. (NASDAQ:MDLZ). Wilbanks Smith & Thomas Asset Mgmt Ltd Liability Corporation has invested 0.08% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Moreover, Delta Asset Mngmt Ltd Llc Tn has 0.09% invested in Mondelez International, Inc. (NASDAQ:MDLZ) for 14,829 shares. California-based Grassi Inv has invested 0.19% in Mondelez International, Inc. (NASDAQ:MDLZ). Clarkston Capital Prtn Ltd Liability Company invested in 428,527 shares or 0.72% of the stock. Cornerstone reported 0.32% in Mondelez International, Inc. (NASDAQ:MDLZ). Capital Advisors Ltd Limited has invested 0.05% in Mondelez International, Inc. (NASDAQ:MDLZ). Orrstown Financial accumulated 3,099 shares. Lindsell Train Ltd reported 27.32% in Mondelez International, Inc. (NASDAQ:MDLZ). Invest Svcs Incorporated holds 0.72% or 46,461 shares in its portfolio. South Dakota Invest Council has invested 0.55% in Mondelez International, Inc. (NASDAQ:MDLZ). Clearbridge Invests Ltd Liability Com holds 0.25% or 6.36 million shares.

Among 11 analysts covering La Quinta Holdings (NYSE:LQ), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. La Quinta Holdings had 36 analyst reports since August 20, 2015 according to SRatingsIntel. On Tuesday, October 27 the stock rating was initiated by Raymond James with “Market Perform”. The firm has “Underperform” rating given on Tuesday, June 14 by Wells Fargo. Stifel Nicolaus maintained the shares of LQ in report on Tuesday, January 10 with “Hold” rating. Morgan Stanley upgraded the stock to “Buy” rating in Wednesday, January 17 report. The rating was initiated by Goldman Sachs with “Sell” on Monday, September 26. Bank of America upgraded the stock to “Neutral” rating in Thursday, December 15 report. The stock of La Quinta Holdings Inc. (NYSE:LQ) earned “Neutral” rating by Credit Suisse on Thursday, February 25. Stifel Nicolaus maintained it with “Buy” rating and $17 target in Tuesday, January 26 report. Stifel Nicolaus maintained La Quinta Holdings Inc. (NYSE:LQ) rating on Monday, October 23. Stifel Nicolaus has “Hold” rating and $15.0 target. On Thursday, February 1 the stock rating was maintained by Stifel Nicolaus with “Hold”.

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