As Newell Brands (NWL) Share Value Declined, Horizon Kinetics Has Lowered Stake; As Fomento Economico Mexicano S (FMX) Shares Declined, Vontobel Asset Management Cut by $80.85 Million Its Position

April 26, 2018 - By Clifton Ray

Newell Brands Inc. (NYSE:NWL) Logo

Vontobel Asset Management Inc decreased its stake in Fomento Economico Mexicano S (FMX) by 9.1% based on its latest 2017Q4 regulatory filing with the SEC. Vontobel Asset Management Inc sold 851,087 shares as the company’s stock declined 1.98% with the market. The institutional investor held 8.51M shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $809.75M, down from 9.36 million at the end of the previous reported quarter. Vontobel Asset Management Inc who had been investing in Fomento Economico Mexicano S for a number of months, seems to be less bullish one the $20.50 billion market cap company. The stock increased 3.05% or $2.79 during the last trading session, reaching $94.41. About 491,118 shares traded or 0.79% up from the average. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has declined 2.35% since April 26, 2017 and is downtrending. It has underperformed by 13.90% the S&P500.

Murray Stahl decreased its stake in Newell Brands Inc (NWL) by 73.08% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Kinetics Llc sold 310,407 shares as the company’s stock declined 17.87% with the market. The hedge fund run by Murray Stahl held 114,343 shares of the plastic products company at the end of 2017Q4, valued at $3.53 million, down from 424,750 at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Newell Brands Inc for a number of months, seems to be less bullish one the $13.03 billion market cap company. The stock decreased 1.29% or $0.35 during the last trading session, reaching $26.83. About 3.53M shares traded. Newell Brands Inc. (NYSE:NWL) has declined 47.20% since April 26, 2017 and is downtrending. It has underperformed by 58.75% the S&P500.

Vontobel Asset Management Inc, which manages about $44.19 billion and $14.03B US Long portfolio, upped its stake in Nike Inc (NYSE:NKE) by 418,315 shares to 5.53 million shares, valued at $354.61 million in 2017Q4, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 653,882 shares in the quarter, for a total of 4.42M shares, and has risen its stake in Unilever N V (NYSE:UN).

Among 6 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fomento Economico Mexicano SAB had 13 analyst reports since August 18, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of FMX in report on Wednesday, October 11 with “Overweight” rating. Barclays Capital maintained the shares of FMX in report on Monday, March 7 with “Overweight” rating. Zacks upgraded it to “Hold” rating and $102 target in Wednesday, August 19 report. The firm has “Overweight” rating by Barclays Capital given on Friday, October 14. Citigroup upgraded it to “Buy” rating and $110 target in Friday, April 29 report. The rating was downgraded by JP Morgan on Friday, January 20 to “Neutral”. The stock of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) earned “Overweight” rating by JP Morgan on Tuesday, August 18. Zacks downgraded the stock to “Buy” rating in Monday, August 31 report. The stock of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) earned “Buy” rating by HSBC on Wednesday, August 10. The firm earned “Buy” rating on Tuesday, November 22 by Stifel Nicolaus.

Among 20 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Newell Rubbermaid Inc. had 66 analyst reports since August 4, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Newell Brands Inc. (NYSE:NWL) rating on Monday, October 16. KeyBanc Capital Markets has “Buy” rating and $60.0 target. Jefferies maintained it with “Hold” rating and $47.0 target in Tuesday, October 17 report. The rating was maintained by BMO Capital Markets on Tuesday, October 31 with “Hold”. Piper Jaffray upgraded Newell Brands Inc. (NYSE:NWL) on Tuesday, December 15 to “Overweight” rating. RBC Capital Markets maintained the shares of NWL in report on Monday, August 3 with “Outperform” rating. Jefferies downgraded the shares of NWL in report on Thursday, September 14 to “Hold” rating. The rating was maintained by RBC Capital Markets on Friday, August 18 with “Buy”. The stock has “Hold” rating by Jefferies on Monday, September 11. The stock of Newell Brands Inc. (NYSE:NWL) earned “Buy” rating by Forward View Consulting on Sunday, November 5. The firm has “Market Perform” rating by Wells Fargo given on Monday, May 1.

Horizon Kinetics Llc, which manages about $5.39B and $3.41 billion US Long portfolio, upped its stake in Cme Group Inc (NASDAQ:CME) by 204,542 shares to 213,998 shares, valued at $31.25M in 2017Q4, according to the filing. It also increased its holding in Texas Pac Ld Tr (NYSE:TPL) by 20,317 shares in the quarter, for a total of 1.80M shares, and has risen its stake in Nuveen Build Amer Bd Opptny (NBD).

Investors sentiment decreased to 0.72 in 2017 Q4. Its down 0.39, from 1.11 in 2017Q3. It dropped, as 122 investors sold NWL shares while 201 reduced holdings. 75 funds opened positions while 158 raised stakes. 431.52 million shares or 2.56% less from 442.84 million shares in 2017Q3 were reported. Cambridge Inv Research Advsrs invested in 71,583 shares or 0.03% of the stock. Fishman Jay A Ltd Mi stated it has 0.07% in Newell Brands Inc. (NYSE:NWL). Impax Asset Management Ltd Liability holds 143,403 shares or 0.25% of its portfolio. Strs Ohio holds 216,991 shares or 0.03% of its portfolio. Norinchukin Bankshares The has invested 0.02% in Newell Brands Inc. (NYSE:NWL). Corbyn Inv Mgmt Inc Md reported 61,862 shares. Qs Invsts Lc stated it has 0% of its portfolio in Newell Brands Inc. (NYSE:NWL). Enterprise Finance Ser Corp owns 343 shares. Ontario – Canada-based Bancorporation Of Nova Scotia has invested 0.01% in Newell Brands Inc. (NYSE:NWL). Violich owns 61,496 shares. Cranbrook Wealth Mngmt Llc invested in 643 shares. World Investors accumulated 47.75M shares or 0.32% of the stock. Asset One Limited accumulated 764,834 shares. M&R Cap Mngmt Incorporated reported 50 shares or 0% of all its holdings. 33,116 were accumulated by Atlantic Tru Ltd.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on May, 14. They expect $0.27 EPS, down 20.59% or $0.07 from last year’s $0.34 per share. NWL’s profit will be $131.13M for 24.84 P/E if the $0.27 EPS becomes a reality. After $0.68 actual EPS reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts -60.29% negative EPS growth.

Newell Brands Inc. (NYSE:NWL) Institutional Positions Chart

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