Taurus Asset Management Has Decreased Its Holding in Mondelez Intl (MDLZ) by $2.13 Million as Stock Value Rose; Hite Hedge Asset Management Lifted Its Encana (ECA) Stake by $566010 as Share Value Declined – The Broch Herald


Hite Hedge Asset Management Llc increased its stake in Encana Corp (ECA) by 54.92% based on its latest 2019Q2 regulatory filing with the SEC. Hite Hedge Asset Management Llc bought 113,202 shares as the company’s stock declined 31.69% . The hedge fund held 319,307 shares of the oil & gas production company at the end of 2019Q2, valued at $1.64 million, up from 206,105 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Encana Corp for a number of months, seems to be bullish on the $5.13 billion market cap company. The stock decreased 1.99% or $0.08 during the last trading session, reaching $3.94. About 7.87M shares traded. Encana Corporation (NYSE:ECA) has declined 66.12% since November 30, 2018 and is downtrending. It has underperformed by 66.12% the S&P500. Some Historical ECA News: 01/05/2018 – ENCANA CONCLUDES FIRST-QUARTER CONFERENCE CALL; 02/04/2018 – ENCANA REACHES PACT WITH KEYERA PARTNERSHIP, A UNIT OF KEYERA; 28/03/2018 – Encana Closes Below 200-Day Moving Average: Technicals; 02/04/2018 – Keyera Will Acquire and Fund the Remaining Development of Encana’s Pipestone Liquids Hub and Encana’s Planned Pipestone Processing Facility; 01/05/2018 – ENCANA ON TRACK TO DELIVER OVER 30% ANNUAL PROD GROWT; 01/05/2018 – Encana 1Q Net $151M; 16/05/2018 – Hedge Funds Buy Keane Group, Sell Encana in Energy: 13F; 25/04/2018 – S&P REVISES ENCANA CORP. TO RATING ‘BBB-‘ FROM ‘BBB’; 01/05/2018 – ENCANA SEES MIDLAND DIFFERENTIALS CONTINUING TO WIDEN; 01/05/2018 – ENCANA BEGINS FIRST-QUARTER EARNINGS CONFERENCE CALL

Taurus Asset Management Llc decreased its stake in Mondelez Intl Inc (MDLZ) by 13.39% based on its latest 2019Q2 regulatory filing with the SEC. Taurus Asset Management Llc sold 40,270 shares as the company’s stock rose 3.58% . The institutional investor held 260,404 shares of the consumer non-durables company at the end of 2019Q2, valued at $14.04 million, down from 300,674 at the end of the previous reported quarter. Taurus Asset Management Llc who had been investing in Mondelez Intl Inc for a number of months, seems to be less bullish one the $75.65 billion market cap company. The stock decreased 0.36% or $0.19 during the last trading session, reaching $52.54. About 3.70 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 24.40% since November 30, 2018 and is uptrending. It has outperformed by 24.40% the S&P500. Some Historical MDLZ News: 22/04/2018 – DJ Mondelez International Inc Class , Inst Holders, 1Q 2018 (MDLZ); 15/05/2018 – Eminence Capital Adds Vulcan Materials, Exits Mondelez: 13F; 07/05/2018 – MONDELEZ SAYS TERMINATED 364-DAY SENIOR UNSECURED REVOLVING CREDIT FACILITY ENTERED INTO ON APRIL 2, 2018 – SEC FILING; 29/03/2018 – MONDELEZ NAMES MARTIN RENAUD AS GLOBAL CHIEF MARKETING OFFICER; 19/04/2018 – EXPLAINER-Plans to end cocoa deforestation face multiple hurdles; 16/04/2018 – Mondelez Accepted for Purchase All $570M Aggregate Principal Amount of Notes Validly Tendered; 16/04/2018 – MONDELEZ INTERNATIONAL – ACCEPTED FOR PURCHASE ALL $570 MLN OF NOTES VALIDLY TENDERED & NOT VALIDLY WITHDRAWN PRIOR TO EARLY TENDER DATE; 02/04/2018 – Mondelēz International Announces Cash Tender Offer and Consent Solicitation; 06/05/2018 – Mondelez to Operate Tate’s as Separate Standalone Busines; 07/05/2018 – MONDELEZ – 2020 NOTES TO MATURE ON MAY 7; 2020 2023 NOTES TO MATURE ON MAY 7, 2023; 2028 NOTES TO MATURE ON MAY 7, 2028

More notable recent Encana Corporation (NYSE:ECA) news were published by: Benzinga.com which released: “7 Energy Stocks Moving In Monday’s Pre-Market Session – Benzinga” on November 11, 2019, also Finance.Yahoo.com with their article: “Mellanox Technologies, Ltd. (MLNX): Hedge Funds In Wait-and-See Mode – Yahoo Finance” published on November 30, 2019, Seekingalpha.com published: “Relocation, name change not enough to solve Encana’s problems, analyst says – Seeking Alpha” on November 01, 2019. More interesting news about Encana Corporation (NYSE:ECA) were released by: Seekingalpha.com and their article: “Encana From A Darling To A Dud – A Takeover Target – Seeking Alpha” published on November 05, 2019 as well as 247Wallst.com‘s news article titled: “5 Stocks to Buy Now Trading Under $10 With Huge Upside Potential – 24/7 Wall St.” with publication date: November 16, 2019.

Hite Hedge Asset Management Llc, which manages about $778.61M and $632.72M US Long portfolio, decreased its stake in Diamondback Energy Inc (NASDAQ:FANG) by 12,522 shares to 10,672 shares, valued at $1.16 million in 2019Q2, according to the filing. It also reduced its holding in Enviva Partners Lp by 49,219 shares in the quarter, leaving it with 738,450 shares, and cut its stake in Nine Energy Svc Inc.

Taurus Asset Management Llc, which manages about $738.50M and $733.75M US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 27,265 shares to 291,678 shares, valued at $13.80 million in 2019Q2, according to the filing. It also increased its holding in Boston Scientific Corp (NYSE:BSX) by 86,850 shares in the quarter, for a total of 576,665 shares, and has risen its stake in Boeing Co (NYSE:BA).

Analysts await Mondelez International, Inc. (NASDAQ:MDLZ) to report earnings on January, 29. They expect $0.60 earnings per share, down 4.76% or $0.03 from last year’s $0.63 per share. MDLZ’s profit will be $863.89 million for 21.89 P/E if the $0.60 EPS becomes a reality. After $0.64 actual earnings per share reported by Mondelez International, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

More notable recent Mondelez International, Inc. (NASDAQ:MDLZ) news were published by: Nasdaq.com which released: “Mondelez (MDLZ) Up 25% in 3 Months on Strong Brands & Savings – Nasdaq” on April 02, 2019, also Globenewswire.com with their article: “MondelÄ“z International Releases First-Ever State of Snackingâ„¢ Report Exploring Evolving Global Consumer Snacking Trends – GlobeNewswire” published on November 11, 2019, Globenewswire.com published: “MondelÄ“z International Reports Q2 Results and Raises Full-Year Outlook – GlobeNewswire” on July 30, 2019. More interesting news about Mondelez International, Inc. (NASDAQ:MDLZ) were released by: Nasdaq.com and their article: “Interesting IEF Put And Call Options For January 2020 – Nasdaq” published on November 24, 2019 as well as Nasdaq.com‘s news article titled: “Mondelez (MDLZ) Surpasses Q3 Earnings and Revenue Estimates – Nasdaq” with publication date: October 29, 2019.

Mondelez International, Inc. (NASDAQ:MDLZ) Institutional Positions Chart

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