Procter & Gamble Co (PG) Stock Jumps on $3.5B Trian Stake

Muriel SparksFeb 16 , 2017

Trian Fund Management, the activist fund co-founded by Nelson Peltz, Peter May and Ed Garden, revealed a new stake in consumer company Procter & Gamble Co.

As of December 31, Trian had boosted its Wendy's stake by nearly 9.2% to more than 44.5 million shares with a value of $602.1 million, while selling 3,799,950 shares of Mondelez, lowering its position to 44.2 million shares with a value of $1.96 billion.

Expected growth of The Procter & Gamble Company (NYSE:PG) for the next year 5 years is 7.5 percent (per annum), as compared to -0.94 percent (per annum) in the past 5 years.

Rare rat-related disease shows up in New York City
A total of 26 cases of leptospirosis were documented in New York City between 2006 and 2016, according to the New York Post. Health officials said they are now trying to address the problem, and will be holding a meeting for tenants to solve it.

Among analysts who offered their Analysis on ArcelorMittal (NYSE:MT)-1 analysts issued Strong buy for the stock, 2 analysts have given a Buy rating, 3 think it's a HOLD, 1 reported it as Underperform, while 0 analyst issued a Sell rating. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 12.39% where SMA50 and SMA200 are 15.37% and 43.5% respectively.

Procter & Gamble Company (NYSE:PG) opened at 87.86 on Wednesday.

"P&G welcomes investment in our company", the Cincinnati company said, after The Wall Street Journal first reported on Trian's investment Tuesday.

Newly crowned Grammy victor Chance the Rapper coming to the Hollywood Bowl
What I remember most about his performance, however, is how much he referenced God and his faith throughout the performance. With Coloring Book , Chance brought into fruition a change in music that will define the impact of his career.

The Procter & Gamble Company (NYSE:PG) traded with the volume of 18.72 Million in the previous trading session. Trian's bet, at more than $3 billion, according to a person familiar with the matter, is its largest investment ever. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. The Market Cap of the company stands at 25.78 Billion. The difference between the estimated and actual earnings was $0.23 per share. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a "buy" rating to a "hold" rating in a report on Friday, October 21st. LLC now owns 1,517 shares of the company's stock valued at $128,000 after buying an additional 1,095 shares during the period.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Friday, January 20th. Investors looking further ahead will note that the Price to next year's EPS is 7.64%. (The) lowered shares of Procter & Gamble Company (The) from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $86.00 to $77.00 in a report on Monday, January 9th. Finally, Wells Fargo & Company reiterated a "market perform" rating on shares of Procter & Gamble Company (The) in a research note on Tuesday, November 15th. The stock is now trading 3.43 percent higher from its SMA-50. The company now has a consensus rating of "Hold" and a consensus price target of $89.90.

Is "Netflix cheating" ruining your relationship?
In addition, for two-thirds of those who do Netflix cheat, their simple reason is "the shows are so good we can't stop watching". Chileans think it's no big deal, Japan sees it as unforgivable and most Canadians (61%) say sleep cheating isn't cheating at all.


« Notícias anteriores
próxima notícia »