Cutter & Company Brokerage Continues to Hold Position in Mc Cormick Co (MKC); As Kraton (KRA) Stock Price Rose, Shareholder Proxima Capital Management Has Lowered Its Stake

February 15, 2018 - By Darrin Black

Cutter & Company Brokerage Inc increased its stake in Mc Cormick Co Inc (MKC) by 231.07% based on its latest 2017Q3 regulatory filing with the SEC. Cutter & Company Brokerage Inc bought 28,780 shares as the company’s stock rose 3.48% with the market. The institutional investor held 41,235 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.23M, up from 12,455 at the end of the previous reported quarter. Cutter & Company Brokerage Inc who had been investing in Mc Cormick Co Inc for a number of months, seems to be bullish on the $13.74B market cap company. The stock increased 1.01% or $1.05 during the last trading session, reaching $104.81. About 592,296 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.

Youlia Miteva decreased its stake in Kraton Corporation (KRA) by 5.88% based on its latest 2017Q3 regulatory filing with the SEC. Proxima Capital Management Llc sold 17,100 shares as the company’s stock rose 27.98% with the market. The hedge fund run by Youlia Miteva held 273,600 shares of the basic industries company at the end of 2017Q3, valued at $11.06 million, down from 290,700 at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Kraton Corporation for a number of months, seems to be less bullish one the $1.57B market cap company. The stock increased 0.24% or $0.12 during the last trading session, reaching $50.11. About 190,267 shares traded. Kraton Corporation (NYSE:KRA) has risen 32.40% since February 15, 2017 and is uptrending. It has outperformed by 15.70% the S&P500.

Among 4 analysts covering Kraton Performance Polymers (NYSE:KRA), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Kraton Performance Polymers had 6 analyst reports since October 27, 2015 according to SRatingsIntel. On Wednesday, October 11 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Sell” rating on Wednesday, October 25 by UBS. The stock has “Buy” rating by SunTrust on Thursday, October 26. The rating was downgraded by UBS on Tuesday, October 27 to “Sell”. As per Friday, September 1, the company rating was maintained by KeyBanc Capital Markets.

Proxima Capital Management Llc, which manages about $1.13B and $178.98 million US Long portfolio, upped its stake in Obsidian Energy Ltd by 325,000 shares to 3.64M shares, valued at $3.82M in 2017Q3, according to the filing.

Since September 29, 2017, it had 0 insider purchases, and 3 insider sales for $1.22 million activity. $329,360 worth of Kraton Corporation (NYSE:KRA) was sold by Simmons James Leo on Friday, October 27. Jung Holger R. sold $840,374 worth of stock or 21,202 shares.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.12, from 1.13 in 2017Q2. It is positive, as 14 investors sold KRA shares while 46 reduced holdings. 23 funds opened positions while 52 raised stakes. 28.89 million shares or 2.16% less from 29.53 million shares in 2017Q2 were reported. Mackenzie has invested 0.04% in Kraton Corporation (NYSE:KRA). Clearbridge Ltd Liability has 0% invested in Kraton Corporation (NYSE:KRA) for 55,419 shares. Eagle Boston Invest Mgmt Incorporated owns 244,638 shares. Monarch Asset Ltd Com reported 48,340 shares or 0.19% of all its holdings. Utd Serv Automobile Association owns 14,840 shares or 0% of their US portfolio. Ameritas Inv Prns has 0% invested in Kraton Corporation (NYSE:KRA) for 2,418 shares. Nine Chapters Management Limited Liability reported 6,000 shares stake. Strs Ohio has invested 0% in Kraton Corporation (NYSE:KRA). Tiaa Cref Inv Ltd Liability has 0% invested in Kraton Corporation (NYSE:KRA) for 118,850 shares. Rhumbline Advisers reported 62,363 shares. 33,100 were accumulated by State Common Retirement Fund. First Mercantile Trust reported 10,288 shares. State Teachers Retirement reported 54,106 shares. Invesco Limited holds 0.01% in Kraton Corporation (NYSE:KRA) or 681,593 shares. California Pub Employees Retirement System reported 0.01% of its portfolio in Kraton Corporation (NYSE:KRA).

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on February, 26. They expect $0.79 EPS, up 172.41% or $0.50 from last year’s $0.29 per share. KRA’s profit will be $24.72M for 15.86 P/E if the $0.79 EPS becomes a reality. After $1.51 actual EPS reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -47.68% negative EPS growth.

Among 13 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. McCormick & Company had 42 analyst reports since August 20, 2015 according to SRatingsIntel. On Monday, July 24 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Outperform” rating by Credit Suisse on Monday, September 18. The firm earned “Hold” rating on Wednesday, February 15 by Deutsche Bank. BB&T Capital initiated it with “Buy” rating and $99.0 target in Tuesday, September 1 report. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Hold” rating given on Wednesday, December 16 by Jefferies. Bank of America initiated McCormick & Company, Incorporated (NYSE:MKC) on Tuesday, December 6 with “Buy” rating. The firm earned “Buy” rating on Friday, July 1 by Deutsche Bank. On Tuesday, August 22 the stock rating was maintained by Credit Suisse with “Buy”. Deutsche Bank maintained the shares of MKC in report on Friday, June 24 with “Hold” rating. The firm has “Sell” rating given on Friday, October 2 by Citigroup.

Since September 29, 2017, it had 0 insider purchases, and 5 selling transactions for $2.31 million activity. Another trade for 5,000 shares valued at $497,500 was made by MANGAN MICHAEL D on Monday, October 30. Smith Michael R sold $278,002 worth of McCormick & Company, Incorporated (NYSE:MKC) on Tuesday, January 30. Shares for $678,962 were sold by LITTLE PATRICIA A.

Investors sentiment increased to 1.63 in Q3 2017. 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. Arizona State Retirement has invested 0.08% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Perigon Wealth Mngmt Limited Liability Co owns 357 shares or 0.01% of their US portfolio. Qci Asset Mngmt Inc reported 35 shares. Toronto Dominion State Bank has 45,867 shares. Adirondack Trust reported 970 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 9,671 shares stake. Gsa Capital Prns Ltd Liability Partnership reported 1,953 shares. Fort Washington Advsrs Oh has 4,280 shares for 0.01% of their portfolio. The Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Korea accumulated 2,464 shares. Counselors Of Maryland Limited Liability reported 0% stake. Schwab Charles Invest Management reported 389,058 shares stake. Sumitomo Mitsui Asset Mgmt Company holds 0.08% or 49,967 shares. Credit Agricole S A owns 210,935 shares for 0.07% of their portfolio. Somerville Kurt F accumulated 3,218 shares.

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