As Ares Capital (ARCC) Stock Price Declined, Holder Cubic Asset Management Lowered Holding by $319,200; Eagle Capital Management Cut Stake in Mondelez International (MDLZ) as Stock Price Rose

February 15, 2018 - By Clifton Ray

Boykin Curry decreased its stake in Mondelez International Inc (MDLZ) by 23.45% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Capital Management Llc sold 3.66 million shares as the company’s stock rose 7.60% with the market. The hedge fund run by Boykin Curry held 11.93M shares of the consumer non-durables company at the end of 2017Q3, valued at $485.18M, down from 15.59M at the end of the previous reported quarter. Eagle Capital Management Llc who had been investing in Mondelez International Inc for a number of months, seems to be less bullish one the $65.13 billion market cap company. The stock increased 1.93% or $0.83 during the last trading session, reaching $43.79. About 4.61 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 5.69% since February 15, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Cubic Asset Management Llc decreased its stake in Ares Capital Corp (ARCC) by 9.31% based on its latest 2017Q3 regulatory filing with the SEC. Cubic Asset Management Llc sold 19,950 shares as the company’s stock declined 6.68% while stock markets rallied. The institutional investor held 194,304 shares of the company at the end of 2017Q3, valued at $3.19 million, down from 214,254 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Ares Capital Corp for a number of months, seems to be less bullish one the $6.74 billion market cap company. The stock decreased 1.62% or $0.26 during the last trading session, reaching $15.82. About 1.47M shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since February 15, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Since January 23, 2018, it had 1 buy, and 0 insider sales for $3,242 activity.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.17, from 1.13 in 2017Q2. It fall, as 55 investors sold ARCC shares while 104 reduced holdings. 35 funds opened positions while 118 raised stakes. 161.57 million shares or 5.32% less from 170.64 million shares in 2017Q2 were reported. Stevens Capital Lp invested in 50,908 shares. Park Avenue Securities Limited Liability holds 0.08% in Ares Capital Corporation (NASDAQ:ARCC) or 16,236 shares. Lsv Asset owns 644,250 shares. Gratia Ltd Liability holds 270,403 shares or 1.75% of its portfolio. Focused Wealth Management Inc has 0% invested in Ares Capital Corporation (NASDAQ:ARCC) for 174 shares. Miller Howard Invs New York has 389,373 shares for 0.13% of their portfolio. Ancora Advsrs Limited owns 236,088 shares. Robeco Institutional Asset Mgmt Bv reported 0.01% in Ares Capital Corporation (NASDAQ:ARCC). Ohio-based Fifth Third Bancorp has invested 0% in Ares Capital Corporation (NASDAQ:ARCC). Neuberger Berman Group Incorporated Ltd Liability owns 1.41 million shares. Citigroup has 0% invested in Ares Capital Corporation (NASDAQ:ARCC). Hanson Mcclain accumulated 169 shares. Massachusetts-based Alpha Windward Limited Liability has invested 0.3% in Ares Capital Corporation (NASDAQ:ARCC). Moreover, Green Square Ltd Llc has 1.13% invested in Ares Capital Corporation (NASDAQ:ARCC). Vaughan Nelson Mngmt Lp accumulated 5.97M shares.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 EPS, down 11.90% or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.73 million for 10.69 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of ARCC in report on Wednesday, May 31 with “Hold” rating. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Jefferies on Tuesday, August 15. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, June 14. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets. As per Tuesday, August 9, the company rating was maintained by JMP Securities. The rating was initiated by National Securities on Tuesday, June 28 with “Neutral”. The firm has “Outperform” rating given on Thursday, October 1 by Macquarie Research. The firm earned “Buy” rating on Friday, September 22 by Jefferies. The rating was upgraded by Raymond James on Friday, August 28 to “Outperform”. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Friday, August 21 by Citigroup.

Eagle Capital Management Llc, which manages about $23.89B and $25.89B US Long portfolio, upped its stake in Wells Fargo & Co (NYSE:WFC) by 105,662 shares to 14.29M shares, valued at $788.05 million in 2017Q3, according to the filing. It also increased its holding in Goldman Sachs Group Inc (NYSE:GS) by 6,298 shares in the quarter, for a total of 2.88 million shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYK).

Since September 12, 2017, it had 0 buys, and 1 insider sale for $286,580 activity.

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