Mayo Investment Advisers Has Lowered Its Medtronic (MDT) Stake; Patterson Companies (PDCO) Shorts Lowered By 4.49%

May 21, 2018 - By Ash

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

Patterson Companies Inc (NASDAQ:PDCO) had a decrease of 4.49% in short interest. PDCO’s SI was 10.52 million shares in May as released by FINRA. Its down 4.49% from 11.02 million shares previously. With 4.57 million avg volume, 2 days are for Patterson Companies Inc (NASDAQ:PDCO)’s short sellers to cover PDCO’s short positions. The SI to Patterson Companies Inc’s float is 13.31%. The stock decreased 1.47% or $0.33 during the last trading session, reaching $22.1. About 1.15 million shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.49% since May 21, 2017 and is downtrending. It has underperformed by 63.04% the S&P500.

Mayo Investment Advisers Llc decreased Medtronic Inc (MDT) stake by 44.54% reported in 2017Q4 SEC filing. Mayo Investment Advisers Llc sold 30,088 shares as Medtronic Inc (MDT)’s stock declined 4.15%. The Mayo Investment Advisers Llc holds 37,470 shares with $3.03M value, down from 67,558 last quarter. Medtronic Inc now has $115.77B valuation. The stock increased 0.92% or $0.78 during the last trading session, reaching $85.42. About 2.10M shares traded. Medtronic plc (NYSE:MDT) has declined 3.54% since May 21, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Since January 11, 2018, it had 0 insider buys, and 1 sale for $27,285 activity. $27,285 worth of Patterson Companies, Inc. (NASDAQ:PDCO) shares were sold by GUGINO ANN B.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.04 billion. It operates through Dental and Animal Health divisions. It has a 8.54 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.25, from 1.25 in 2017Q3. It dived, as 57 investors sold Patterson Companies, Inc. shares while 113 reduced holdings. 66 funds opened positions while 104 raised stakes. 87.24 million shares or 1.30% less from 88.39 million shares in 2017Q3 were reported. Country Club Na holds 0.05% or 9,900 shares in its portfolio. X Mgmt Ltd Com holds 0% or 958 shares in its portfolio. First Republic Mngmt reported 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Qs Invsts Limited Liability Corporation reported 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO). Fifth Third Commercial Bank holds 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 152 shares. Jarislowsky Fraser Limited holds 0% or 15,484 shares in its portfolio. Assetmark Inc has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 12 shares. 11,850 were reported by Segall Bryant Hamill. 43,243 were accumulated by Voya Management Limited. Exxonmobil Inv Management Tx owns 13,097 shares or 0.01% of their US portfolio. Millennium Mngmt Lc holds 823,516 shares or 0.04% of its portfolio. Two Sigma Securities Limited Liability Company has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 5,788 shares. Farmers And Merchants Invs, a Nebraska-based fund reported 62 shares. Raymond James And Associate has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 139,503 shares. Dnb Asset As has invested 0.05% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO).

More notable recent Patterson Companies, Inc. (NASDAQ:PDCO) news were published by: Globenewswire.com which released: “PDCO ALERT: Rosen Law Firm Reminds Patterson Companies, Inc. Investors of Important May 29 Deadline in Class …” on May 15, 2018, also Globenewswire.com with their article: “Kaskela Law LLC: Shareholder Class Action Filed Against Patterson Companies, Inc. – PDCO” published on May 06, 2018, Prnewswire.com published: “Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Patterson Companies, Inc. – PDCO” on May 06, 2018. More interesting news about Patterson Companies, Inc. (NASDAQ:PDCO) were released by: Globenewswire.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Patterson Companies, Zayo Group, Six Flags …” published on May 09, 2018 as well as Globenewswire.com‘s news article titled: “Federman & Sherwood Reminds Investors of Imminent Lead Plaintiff Deadline in Securities Class Action Lawsuit …” with publication date: May 16, 2018.

Among 18 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 3 have Buy rating, 6 Sell and 9 Hold. Therefore 17% are positive. Patterson Companies Inc. had 46 analyst reports since August 28, 2015 according to SRatingsIntel. On Wednesday, December 6 the stock rating was downgraded by Morgan Stanley to “Underweight”. Craig Hallum maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Thursday, August 17. Craig Hallum has “Hold” rating and $41.0 target. Stifel Nicolaus maintained Patterson Companies, Inc. (NASDAQ:PDCO) on Wednesday, August 9 with “Sell” rating. Jefferies maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Wednesday, November 22. Jefferies has “Hold” rating and $37.0 target. Jefferies maintained Patterson Companies, Inc. (NASDAQ:PDCO) on Tuesday, March 6 with “Hold” rating. UBS downgraded the stock to “Sell” rating in Tuesday, July 11 report. The firm earned “Underweight” rating on Thursday, February 15 by JP Morgan. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Hold” rating given on Tuesday, April 3 by Piper Jaffray. Piper Jaffray maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Thursday, March 1. Piper Jaffray has “Hold” rating and $26.0 target. Piper Jaffray maintained the shares of PDCO in report on Tuesday, November 21 with “Hold” rating.

Among 29 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Medtronic had 83 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by Guggenheim with “Neutral” on Thursday, June 9. The firm has “Buy” rating given on Wednesday, August 23 by Needham. The firm earned “Buy” rating on Tuesday, September 5 by Needham. The company was maintained on Tuesday, July 18 by Stifel Nicolaus. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Needham on Wednesday, February 21. On Thursday, February 22 the stock rating was maintained by Citigroup with “Buy”. Evercore upgraded Medtronic plc (NYSE:MDT) on Thursday, October 8 to “Buy” rating. The stock of Medtronic plc (NYSE:MDT) earned “Overweight” rating by Barclays Capital on Wednesday, November 23. The company was initiated on Monday, April 25 by SunTrust. The company was maintained on Tuesday, November 21 by Needham.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on May, 24 before the open. They expect $1.38 EPS, up 3.76% or $0.05 from last year’s $1.33 per share. MDT’s profit will be $1.87B for 15.47 P/E if the $1.38 EPS becomes a reality. After $1.17 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts 17.95% EPS growth.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

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