Follow The 13GDs: Why Mousseluxe Sarl Reported Big Coty Inc Position?

Follow The 13GDs: Why Mousseluxe Sarl Reported Big Coty Inc Position?

The New Mousseluxe Sarl Holding in Coty Inc

Mousseluxe Sarl filed with the SEC SC 13G/A form for Coty Inc. The form can be accessed here: 000089914016001648. As reported in Mousseluxe Sarl’s form, the filler as of late owns 2.0% or 14,562,993 shares of the Consumer Staples–company.

Coty Inc stake is a new one for the and it was filed because of activity on October 1, 2016. We feel this shows Mousseluxe Sarl’s positive view for the stock.

Coty Inc Institutional Sentiment

Latest Security and Exchange filings show 147 investors own Coty Inc. The institutional ownership in Q3 2015 is high, at 90.67% of the outstanding shares. This is decreased by 2785289 the total institutional shares. 67105701 were the shares owned by these institutional investors. In total 29 funds opened new Coty Inc stakes, 54 increased stakes. There were 38 that closed positions and 52 reduced them.

6 managers had the stock in their top Ten. Notable investors are: Dynamo Internacional Gestao De Recursos Ltda., Msd Partners L.P…

Marlowe Partners Lp is an institutional investor bullish on Coty Inc, owning 254065 shares as of Q3 2015 for 4.51% of its portfolio. Permian Investment Partners Lp owns 907753 shares or 5.83% of its portfolio. NY Ratan Capital Management Lp have 13.72% of their stock portfolio for 2320033 shares. Further, Adi Capital Management Llc reported stake worth 9.35% of its US stock portfolio. The D5 Dynamo Internacional Gestao De Recursos Ltda owns 2612044 shares. Coty Inc is 21.11% of the manager’s US portfolio.

Business Profile

Coty Inc. is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli. Its color cosmetics products include lip, eye, nail and facial color products. The brands in its Color Cosmetics segment include Bourjois, Rimmel, Sally Hansen and OPI. Its skin & body care products include shower gels, deodorants, skin care and sun treatment products. Its skin & body care brands are adidas, Lancaster, philosophy and Playboy. The Company, through Hypermarcas S.A., engages in personal care and beauty business. The Brazil Acquisition segment includes product groupings, such as skin care, nail care, deodorants and hair care products. It operates in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.54 in 2016 Q2. Its down 0.27, from 0.81 in 2016Q1. The ratio worsened, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.

Janus Mngmt Llc reported 40,600 shares or 0% of all its holdings. Putnam Invests Limited Co holds 0.31% of its portfolio in Coty Inc (NYSE:COTY) for 4.84M shares. Us Comml Bank De last reported 623 shares in the company. Moreover, Malaga Cove Cap Limited has 1.15% invested in Coty Inc (NYSE:COTY) for 49,956 shares. Deutsche Retail Bank Ag has invested 0.04% of its portfolio in Coty Inc (NYSE:COTY). Catalyst Cap Ltd Llc accumulated 47 shares or 0% of the stock. Legal And General Gp Public Limited Co holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 4,385 shares. New York State Common Retirement Fund has 0.01% invested in the company for 137,400 shares. Pnc Fin Svcs Gp Inc owns 8,353 shares or 0% of their US portfolio. Stifel Financial Corporation owns 9,405 shares or 0% of their US portfolio. Lord Abbett And Limited Liability Corp reported 801,671 shares or 0.07% of all its holdings. State Of Wisconsin Invest Board accumulated 0% or 29,460 shares. Jane Street Ltd Limited Liability Company has 0% invested in the company for 22,535 shares. Jfs Wealth Limited has invested 0.01% of its portfolio in Coty Inc (NYSE:COTY). Point72 Asia (Hong Kong) accumulated 0.01% or 200 shares.

Insider Transactions: Since July 11, 2016, the stock had 8 buys, and 1 insider sale for $73.35 million net activity. JAB Cosmetics B.V. had bought 225,000 shares worth $6.25 million. 3,983 shares were sold by Froidefond Sebastien, worth $107,629.

Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 earnings per share, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $246.69M for 17.73 P/E if the $0.33 EPS becomes a reality. After $0.13 actual earnings per share reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

About 4.47M shares traded hands. Coty Inc (NYSE:COTY) has declined 13.34% since March 15, 2016 and is downtrending. It has underperformed by 18.82% the S&P500.

Coty Inc. is a beauty company. The Company operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The company has a market cap of $17.50 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 55.72 P/E ratio. The Company’s fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Coty Inc (NYSE:COTY) Ratings Coverage

Out of 8 analysts covering Coty (NYSE:COTY), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. $33 is the highest target while $20 is the lowest. The $28.04 average target is 19.78% above today’s ($23.41) stock price. Coty has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained Coty Inc (NYSE:COTY) on Thursday, February 4 with “Neutral” rating. The company was downgraded on Monday, November 30 by Morgan Stanley. The stock has “Buy” rating given by Zacks on Tuesday, August 18. The rating was maintained by JP Morgan with “Hold” on Thursday, August 27. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Tuesday, July 21 by Sterne Agee CRT. The firm has “Sell” rating given on Friday, September 9 by Berenberg. The firm has “Sell” rating by B. Riley & Co given on Friday, August 14. On Thursday, August 25 the stock rating was maintained by Citigroup with “Neutral”. The rating was upgraded by Bank of America on Monday, October 3 to “Buy”. The stock of Coty Inc (NYSE:COTY) has “Buy” rating given on Friday, November 6 by Deutsche Bank.

Another recent and important Coty Inc (NYSE:COTY) news was published by Wsj.com which published an article titled: “Coty Buys Hair Straightener Maker Ghd” on October 17, 2016.

According to Zacks Investment Research, “Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company’s brand consists of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels. Coty Inc. is headquartered in New York.”

COTY Company Profile

Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment