Cullen Capital Management Cut Its Thermo Fisher Scientific (TMO) Holding, 6 Analysts Are Bullish Kellogg Company (K) Last Week

July 17, 2017 - By Henry Gaston

Cullen Capital Management Llc decreased Thermo Fisher Scientific Inc. (TMO) stake by 41.94% reported in 2016Q4 SEC filing. Cullen Capital Management Llc sold 3,250 shares as Thermo Fisher Scientific Inc. (TMO)’s stock rose 8.13%. The Cullen Capital Management Llc holds 4,500 shares with $635,000 value, down from 7,750 last quarter. Thermo Fisher Scientific Inc. now has $71.15 billion valuation. The stock declined 0.01% or $0.01 reaching $180.94 per share. About 793,365 shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 15.57% since July 17, 2016 and is uptrending. It has underperformed by 1.13% the S&P500.

Among 17 analysts covering Kellogg Company (NYSE:K), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Kellogg Company had 38 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Kellogg Company (NYSE:K) has “Sector Perform” rating given on Wednesday, August 5 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, December 7 by Credit Suisse. The company was maintained on Thursday, April 14 by Citigroup. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 5 report. The stock of Kellogg Company (NYSE:K) has “Hold” rating given on Wednesday, June 14 by BMO Capital Markets. As per Wednesday, August 5, the company rating was maintained by S&P Research. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, February 12. Credit Suisse upgraded the shares of K in report on Monday, November 23 to “Outperform” rating. As per Tuesday, March 21, the company rating was downgraded by Bernstein. Credit Suisse upgraded the stock to “Neutral” rating in Wednesday, November 4 report. See Kellogg Company (NYSE:K) latest ratings:

27/06/2017 Broker: Bernstein Rating: Sell New Target: $62.0000 Maintain
19/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $81.0000 Maintain
14/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $85.0000 Maintain
14/06/2017 Broker: Susquehanna Rating: Hold New Target: $78.0000 Maintain
25/05/2017 Broker: PiperJaffray Rating: Overweight New Target: $78 Initiates Coverage On
05/05/2017 Broker: Susquehanna Rating: Hold New Target: $78.00 Maintain
05/05/2017 Broker: UBS Rating: Neutral Old Target: $81.00 New Target: $76.00 Maintain
05/05/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $84.00 New Target: $81.00 Maintain
26/04/2017 Broker: RBC Capital Markets Old Rating: Hold New Rating: Neutral Downgrade
26/04/2017 Broker: Susquehanna Rating: Neutral Old Target: $82.00 New Target: $80.00 Target Down

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.26, from 0.79 in 2016Q3. It is positive, as 52 investors sold TMO shares while 371 reduced holdings. 116 funds opened positions while 329 raised stakes. 330.70 million shares or 0.57% less from 332.58 million shares in 2016Q3 were reported. Point72 Asset Mngmt Lp invested in 0.18% or 183,552 shares. The California-based Covington Capital Management has invested 0.03% in Thermo Fisher Scientific Inc. (NYSE:TMO). Peak6 Invs LP owns 15,583 shares for 0.02% of their portfolio. Comerica National Bank owns 0.17% invested in Thermo Fisher Scientific Inc. (NYSE:TMO) for 149,197 shares. Middleton And Inc Ma stated it has 4,339 shares or 0.14% of all its holdings. Choate Invest invested in 0% or 3,318 shares. Catawba Capital Mgmt Va owns 2,407 shares. Macquarie Gp Ltd owns 184,017 shares for 0.05% of their portfolio. Eastern State Bank invested in 3,858 shares or 0.04% of the stock. Orbimed Ltd Liability Corp has 1.44% invested in Thermo Fisher Scientific Inc. (NYSE:TMO). Moreover, Cullen Frost Bankers has 0.01% invested in Thermo Fisher Scientific Inc. (NYSE:TMO). Private Wealth Partners Ltd Limited Liability Company reported 78,240 shares. Pggm accumulated 202,274 shares or 0.15% of the stock. Manning & Napier Advisors Limited Liability holds 415,211 shares. 196,450 are owned by Citigroup.

Among 15 analysts covering Thermo Fisher Scientific (NYSE:TMO), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Thermo Fisher Scientific had 34 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, March 30. Mizuho maintained it with “Buy” rating and $170 target in Friday, May 27 report. The stock has “Americas Conviction Buy List” rating by Goldman Sachs on Tuesday, December 8. On Thursday, September 22 the stock rating was initiated by JP Morgan with “Overweight”. Leerink Swann maintained it with “Buy” rating and $187 target in Friday, April 28 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 19. Jefferies maintained Thermo Fisher Scientific Inc. (NYSE:TMO) rating on Tuesday, June 6. Jefferies has “Hold” rating and $17500 target. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, January 11. Jefferies maintained Thermo Fisher Scientific Inc. (NYSE:TMO) rating on Thursday, July 13. Jefferies has “Hold” rating and $17500 target. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by Argus Research on Tuesday, October 6.

Since March 6, 2017, it had 0 insider purchases, and 9 insider sales for $12.45 million activity. 4,688 shares were sold by Shine Daniel P, worth $805,750. The insider Williamson Stephen sold $396,775. Another trade for 4,049 shares valued at $642,617 was made by Loewald Thomas W on Monday, March 6. Shares for $498,667 were sold by HOOGASIAN SETH H on Monday, March 6. $3.17 million worth of stock was sold by CASPER MARC N on Wednesday, March 15. WILVER PETER M sold $1.46M worth of Thermo Fisher Scientific Inc. (NYSE:TMO) on Wednesday, March 15.

Cullen Capital Management Llc increased Johnson Controls International stake by 523,101 shares to 1.04M valued at $42.75 million in 2016Q4. It also upped Opap Sa (GRKZF) stake by 234,309 shares and now owns 560,500 shares. Lukoil Pjsc (Adr) was raised too.

Analysts await Thermo Fisher Scientific Inc. (NYSE:TMO) to report earnings on July, 26 before the open. They expect $2.26 earnings per share, up 11.33% or $0.23 from last year’s $2.03 per share. TMO’s profit will be $888.69 million for 20.02 P/E if the $2.26 EPS becomes a reality. After $2.08 actual earnings per share reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts 8.65% EPS growth.

Since February 13, 2017, it had 0 insider purchases, and 6 insider sales for $39.32 million activity. The insider KELLOGG W K FOUNDATION TRUST sold $26.61M. $4.97M worth of stock was sold by JENNESS JAMES M on Monday, May 8. 7,203 shares were sold by Dissinger Ronald L, worth $544,747 on Monday, February 13. $352,140 worth of Kellogg Company (NYSE:K) was sold by DILLON JOHN T on Thursday, June 1.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The company has market cap of $23.52 billion. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. It has a 30.29 P/E ratio. The Company’s divisions include U.S.

About 1.11 million shares traded. Kellogg Company (NYSE:K) has declined 5.60% since July 17, 2016 and is downtrending. It has underperformed by 22.30% the S&P500.

Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.06, from 0.93 in 2016Q3. It is negative, as 59 investors sold Kellogg Company shares while 223 reduced holdings. 61 funds opened positions while 185 raised stakes. 282.98 million shares or 1.36% more from 279.19 million shares in 2016Q3 were reported. Blackrock Institutional Na invested in 0.08% or 7.16 million shares. Harvey Ltd reported 0.05% in Kellogg Company (NYSE:K). Blackrock Fund Advisors reported 0.09% stake. Brandywine Tru stated it has 1.15% of its portfolio in Kellogg Company (NYSE:K). South State Corporation, South Carolina-based fund reported 3,281 shares. Massachusetts-based Fiduciary Trust has invested 0.01% in Kellogg Company (NYSE:K). Spears Abacus Advsr Ltd Limited Liability Company reported 0.09% stake. Oppenheimer Inc reported 0.02% stake. Natixis has 0.04% invested in Kellogg Company (NYSE:K). 508,607 are owned by Ubs Oconnor Ltd Liability Com. Jpmorgan Chase & has invested 0.01% in Kellogg Company (NYSE:K). 28,537 are owned by Kcg Inc. Global X Mngmt Ltd, a New York-based fund reported 6,953 shares. Old Second Savings Bank Of Aurora holds 200 shares. Jennison Assocs Ltd Co reported 4,080 shares stake.

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