Liberty Ppty Tr (LPT) Holding Held by Cape Cod Five Cents Savings Bank; As General Mills (GIS) Stock Price Declined, Holder Parsec Financial Management Has Trimmed Its Stake by $649,531

April 30, 2018 - By Louis Casey

General Mills, Inc. (NYSE:GIS) Logo

Parsec Financial Management Inc decreased its stake in General Mills Inc (GIS) by 15.37% based on its latest 2017Q4 regulatory filing with the SEC. Parsec Financial Management Inc sold 11,009 shares as the company’s stock declined 24.65% with the market. The institutional investor held 60,627 shares of the consumer non-durables company at the end of 2017Q4, valued at $3.60M, down from 71,636 at the end of the previous reported quarter. Parsec Financial Management Inc who had been investing in General Mills Inc for a number of months, seems to be less bullish one the $26.40B market cap company. The stock increased 0.34% or $0.15 during the last trading session, reaching $44.52. About 3.60 million shares traded. General Mills, Inc. (NYSE:GIS) has declined 22.93% since April 30, 2017 and is downtrending. It has underperformed by 34.48% the S&P500.

Cape Cod Five Cents Savings Bank increased its stake in Liberty Ppty Tr (LPT) by 16.01% based on its latest 2017Q4 regulatory filing with the SEC. Cape Cod Five Cents Savings Bank bought 7,430 shares as the company’s stock declined 8.64% with the market. The institutional investor held 53,833 shares of the real estate investment trusts company at the end of 2017Q4, valued at $2.32M, up from 46,403 at the end of the previous reported quarter. Cape Cod Five Cents Savings Bank who had been investing in Liberty Ppty Tr for a number of months, seems to be bullish on the $6.17 billion market cap company. The stock increased 0.44% or $0.18 during the last trading session, reaching $40.86. About 658,135 shares traded. Liberty Property Trust (NYSE:LPT) has risen 2.99% since April 30, 2017 and is uptrending. It has underperformed by 8.56% the S&P500.

Among 24 analysts covering General Mills Inc. (NYSE:GIS), 4 have Buy rating, 3 Sell and 17 Hold. Therefore 17% are positive. General Mills Inc. had 84 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 24 by Stifel Nicolaus. On Monday, February 26 the stock rating was downgraded by Societe Generale to “Sell”. The stock of General Mills, Inc. (NYSE:GIS) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 15. The stock has “Buy” rating by Jefferies on Wednesday, February 14. Stifel Nicolaus maintained the shares of GIS in report on Thursday, June 29 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, December 21. The stock has “Hold” rating by UBS on Wednesday, June 21. The stock of General Mills, Inc. (NYSE:GIS) earned “Hold” rating by Stifel Nicolaus on Monday, September 18. The firm has “Buy” rating by Citigroup given on Monday, April 11. The company was maintained on Tuesday, February 27 by Citigroup.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on June, 27. They expect $0.77 earnings per share, up 5.48% or $0.04 from last year’s $0.73 per share. GIS’s profit will be $456.52 million for 14.45 P/E if the $0.77 EPS becomes a reality. After $0.79 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts -2.53% negative EPS growth.

Parsec Financial Management Inc, which manages about $1.56B and $1.47 billion US Long portfolio, upped its stake in Vanguard Reit Etf (VNQ) by 19,806 shares to 198,435 shares, valued at $16.47 million in 2017Q4, according to the filing. It also increased its holding in Ishares Nasdaq Biotechnology (IBB) by 35,395 shares in the quarter, for a total of 54,961 shares, and has risen its stake in Schwab Us Mid Cap Etf (SCHM).

Since January 9, 2018, it had 0 buys, and 1 insider sale for $517,458 activity.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.05, from 0.84 in 2017Q3. It increased, as 56 investors sold GIS shares while 388 reduced holdings. 107 funds opened positions while 288 raised stakes. 405.24 million shares or 0.97% more from 401.33 million shares in 2017Q3 were reported. Interocean Llc reported 0.16% of its portfolio in General Mills, Inc. (NYSE:GIS). Denver Advisors Limited Company has 22,621 shares. The Texas-based Moody Bankshares Division has invested 0.01% in General Mills, Inc. (NYSE:GIS). Biondo Invest Ltd Liability Com invested 0.97% of its portfolio in General Mills, Inc. (NYSE:GIS). 53,474 were accumulated by Panagora Asset Management. City accumulated 51,326 shares. Guardian Limited Partnership reported 14,841 shares. Wellington Shields And Ltd Limited Liability Company reported 12,797 shares or 0.41% of all its holdings. California State Teachers Retirement System reported 981,687 shares. Oppenheimer Asset Management Incorporated reported 0.2% in General Mills, Inc. (NYSE:GIS). 3,700 are owned by Bridges Invest Counsel Inc. Davis R M Incorporated invested in 0.01% or 3,795 shares. 1.50M are owned by Cap Global Invsts. Bank & Trust Of Montreal Can has 907,002 shares. Princeton Strategies Grp Ltd Liability Com invested 0.1% of its portfolio in General Mills, Inc. (NYSE:GIS).

Cape Cod Five Cents Savings Bank, which manages about $666.83 million US Long portfolio, decreased its stake in Ishares Tr (IJR) by 10,494 shares to 214,382 shares, valued at $16.47 million in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (IJH) by 4,284 shares in the quarter, leaving it with 241,151 shares, and cut its stake in Home Depot Inc (NYSE:HD).

Among 11 analysts covering Liberty Property Trust (NYSE:LPT), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Liberty Property Trust had 25 analyst reports since October 28, 2015 according to SRatingsIntel. Sandler O’Neill maintained it with “Hold” rating and $43.0 target in Wednesday, February 7 report. The firm has “Buy” rating by SunTrust given on Friday, March 2. Morgan Stanley maintained the shares of LPT in report on Monday, November 13 with “Equal-Weight” rating. The stock has “Market Perform” rating by Cowen & Co on Tuesday, January 12. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, December 14. The rating was upgraded by Wells Fargo on Tuesday, December 13 to “Outperform”. SunTrust maintained the shares of LPT in report on Tuesday, October 24 with “Hold” rating. The company was downgraded on Friday, December 15 by JP Morgan. Stifel Nicolaus upgraded Liberty Property Trust (NYSE:LPT) rating on Wednesday, October 26. Stifel Nicolaus has “Buy” rating and $44 target. BMO Capital Markets maintained Liberty Property Trust (NYSE:LPT) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $40 target.

Liberty Property Trust (NYSE:LPT) Institutional Positions Chart

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By1 Louis Casey

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