Thomas White International LTD Cut Taiwan Semiconductor Mfg Adr (TSM) Position as Market Value Rose; Ronna Sue Cohen Trimmed Stake in B & G Foods (BGS) as Market Value Declined

January 16, 2018 - By wolcottdaily

Thomas White International Ltd decreased its stake in Taiwan Semiconductor Mfg Adr (TSM) by 5.4% based on its latest 2017Q3 regulatory filing with the SEC. Thomas White International Ltd sold 28,183 shares as the company’s stock rose 8.84% with the market. The institutional investor held 494,045 shares of the semiconductors company at the end of 2017Q3, valued at $18.55M, down from 522,228 at the end of the previous reported quarter. Thomas White International Ltd who had been investing in Taiwan Semiconductor Mfg Adr for a number of months, seems to be less bullish one the $209.09 billion market cap company. The stock increased 2.43% or $1 during the last trading session, reaching $42.19. About 2.83 million shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since January 16, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

Ronna Sue Cohen decreased its stake in B & G Foods (BGS) by 48.41% based on its latest 2017Q3 regulatory filing with the SEC. Ronna Sue Cohen sold 26,557 shares as the company’s stock declined 15.06% while stock markets rallied. The institutional investor held 28,303 shares of the consumer non-durables company at the end of 2017Q3, valued at $901,000, down from 54,860 at the end of the previous reported quarter. Ronna Sue Cohen who had been investing in B & G Foods for a number of months, seems to be less bullish one the $2.20B market cap company. The stock increased 2.80% or $0.9 during the last trading session, reaching $33.05. About 255,101 shares traded. B&G Foods, Inc. (NYSE:BGS) has declined 7.13% since January 16, 2017 and is downtrending. It has underperformed by 23.83% the S&P500.

Ronna Sue Cohen, which manages about $131.15 million US Long portfolio, upped its stake in United Parcel Service (NYSE:UPS) by 4,630 shares to 25,255 shares, valued at $3.03M in 2017Q3, according to the filing.

Among 12 analysts covering B&G Foods (NYSE:BGS), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. B&G Foods had 37 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Neutral” rating by DA Davidson on Tuesday, August 9. The rating was upgraded by Zacks to “Sell” on Thursday, August 27. BMO Capital Markets maintained the shares of BGS in report on Wednesday, June 14 with “Hold” rating. BMO Capital Markets upgraded it to “Outperform” rating and $39 target in Monday, August 7 report. The company was downgraded on Thursday, April 7 by William Blair. As per Thursday, November 16, the company rating was upgraded by Berenberg. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, August 8. The rating was upgraded by Citigroup on Thursday, July 20 to “Buy”. BMO Capital Markets maintained B&G Foods, Inc. (NYSE:BGS) rating on Wednesday, October 4. BMO Capital Markets has “Buy” rating and $39.0 target. The firm has “Outperform” rating given on Friday, September 4 by William Blair.

Analysts await B&G Foods, Inc. (NYSE:BGS) to report earnings on February, 22. They expect $0.59 earnings per share, up 103.45% or $0.30 from last year’s $0.29 per share. BGS’s profit will be $39.24 million for 14.00 P/E if the $0.59 EPS becomes a reality. After $0.55 actual earnings per share reported by B&G Foods, Inc. for the previous quarter, Wall Street now forecasts 7.27% EPS growth.

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