Shareholder Dearborn Partners Has Boosted Mccormick & Company Non Vt (MKC) Stake; As Encana (ECA) Share Price Declined, Steadfast Capital Management LP Upped Stake

February 15, 2018 - By Nellie Frank

Dearborn Partners Llc increased its stake in Mccormick & Company Inc Non Vt (MKC) by 109.65% based on its latest 2017Q3 regulatory filing with the SEC. Dearborn Partners Llc bought 53,061 shares as the company’s stock rose 3.48% with the market. The institutional investor held 101,454 shares of the consumer non-durables company at the end of 2017Q3, valued at $10.41M, up from 48,393 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Mccormick & Company Inc Non Vt for a number of months, seems to be bullish on the $13.46B market cap company. The stock decreased 1.04% or $1.08 during the last trading session, reaching $102.68. About 158,263 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since February 15, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

Robert Pitts increased its stake in Encana Corp (ECA) by 9.24% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp bought 1.94M shares as the company’s stock declined 8.34% while stock markets rallied. The hedge fund run by Robert Pitts held 22.90 million shares of the oil & gas production company at the end of 2017Q3, valued at $269.77 million, up from 20.96 million at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Encana Corp for a number of months, seems to be bullish on the $10.70B market cap company. The stock decreased 1.56% or $0.175 during the last trading session, reaching $11.075. About 5.65 million shares traded. Encana Corporation (NYSE:ECA) has risen 50.13% since February 15, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 23 have Buy rating, 2 Sell and 3 Hold. Therefore 82% are positive. Encana Corporation had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by GMP Securities with “Buy” on Tuesday, December 12. As per Friday, September 30, the company rating was upgraded by Citigroup. The rating was maintained by GMP Securities with “Buy” on Friday, September 29. Altacorp upgraded Encana Corporation (NYSE:ECA) rating on Tuesday, February 6. Altacorp has “Buy” rating and $14.5 target. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 19. Societe Generale upgraded the stock to “Hold” rating in Wednesday, January 11 report. On Friday, October 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Altacorp maintained the stock with “Hold” rating in Friday, June 9 report. The stock of Encana Corporation (NYSE:ECA) earned “Hold” rating by Desjardins Securities on Friday, March 31. Altacorp maintained the shares of ECA in report on Wednesday, October 18 with “Buy” rating.

Steadfast Capital Management Lp, which manages about $8.17B and $6.46 billion US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 39,740 shares to 1.35 million shares, valued at $141.98M in 2017Q3, according to the filing. It also reduced its holding in Novagold Res Inc (NYSEMKT:NG) by 117,276 shares in the quarter, leaving it with 4.30 million shares, and cut its stake in Uniti Group Inc.

Since September 29, 2017, it had 0 insider purchases, and 5 sales for $2.31 million activity. Another trade for 3,000 shares valued at $296,050 was sold by HRABOWSKI FREEMAN A III. $278,002 worth of stock was sold by Smith Michael R on Tuesday, January 30. The insider LITTLE PATRICIA A sold 6,250 shares worth $678,962.

Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.77, from 0.86 in 2017Q2. It improved, as 44 investors sold MKC shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported. Segall Bryant And Hamill Ltd Llc invested 0.14% in McCormick & Company, Incorporated (NYSE:MKC). Voloridge Invest Management Limited Liability Corp holds 0.01% or 3,100 shares in its portfolio. 26,700 were accumulated by Tocqueville Asset Management Limited Partnership. Farmers Merchants Incorporated has 0% invested in McCormick & Company, Incorporated (NYSE:MKC) for 235 shares. Manchester Capital Mngmt Ltd Liability Corp has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Capital One National Association has 41,759 shares for 0.3% of their portfolio. Veritable Ltd Partnership has 9,792 shares for 0.02% of their portfolio. Peapack Gladstone Fincl Corp invested 0.08% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Hm Cap Mgmt Lc has invested 0.34% in McCormick & Company, Incorporated (NYSE:MKC). Banque Pictet And Cie reported 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Timessquare Cap Management Limited Liability owns 616,700 shares or 0.42% of their US portfolio. British Columbia Invest has invested 0.05% in McCormick & Company, Incorporated (NYSE:MKC). Livforsakringsbolaget Skandia Omsesidigt reported 2,191 shares. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 4,953 shares. Us Financial Bank De reported 92,937 shares.

Dearborn Partners Llc, which manages about $1.48B and $1.36 billion US Long portfolio, decreased its stake in Nextera Energy Inc (NYSE:NEE) by 6,253 shares to 98,334 shares, valued at $14.41 million in 2017Q3, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 6,206 shares in the quarter, leaving it with 183,009 shares, and cut its stake in Ecolab Inc (NYSE:ECL).

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By1 Nellie Frank

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