Activist investor Trian Fund Management, co-founded by Nelson Peltz, Peter May and Ed Garden, on Tuesday reported a $539.5-million investment in health, home and personal care products maker Procter & Gamble, taking its total investment in P&G to more than $3 billon.
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.
United States stocks were little changed early today following data showing higher retail sales and consumer inflation, while Procter & Gamble rose as a leading activist disclosed a stake in the company. Buy rating has been given by 7 analysts to the company stock whereas 2 analysts given UNDERPERFORM rating to stock and 9 analysts given HOLD rating.
USA stocks have closed at records the last four days. The Procter & Gamble Company (NYSE:PG), at its latest closing price of $87.86, it has a price-to-book ratio of 4.53, compared to an industry average at 2.50.
ArcelorMittal (NYSE:MT) posted earnings of $0.24/Share in the previous quarter, as compared to earnings of $0.01/share estimated by analysts.
Yet the WSJ reports that Trian has a $3 billion stake in the company - the largest it has ever taken - which should add to the pressure on CEO David Taylor to cut costs and sped up growth. The Stock now has the market capitalization of $226.4 Billion, P/E (price to earnings ttm) of 25.42 and Weekly volatility of 0.86% and monthly volatility of 0.97% respectively.
The next year first quarter EPS estimates trend for current period shows $0.94 while one month ago this estimate trend was for $0.94.
Johnson Controls International plc (NYSE:JCI) [Trend Analysis] shows fluctuation in active trade, on Wednesday shares reduced -0.62% to $41.49.
Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Friday, January 20th.
"We welcome investment", P&G spokesman Damon Jones said. Jefferies Group LLC set a $93.00 price objective on shares of Procter & Gamble Company (The) and gave the stock a "buy" rating in a report on Monday, November 21st. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Insiders own 0.35% of the company's stock.
On 14 February 2017, Wells Fargo & Company (NYSE:WFC) shares moved to $57.98. According to their observations and findings, the stock could provide a high EPS of $1.19/share and a Low EPS of $1.12/share. The company has a consensus rating of "Hold" and a consensus target price of $90.40.