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Manning & Napier's Increase in Facebook and Other Top Increases

August 01, 2013 | About:
Monica Wolfe

Monica Wolfe

119 followers
Manning & Napier Advisors is a Guru-ranked fund that offers equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. As of June 30, 2013, the fund managed $46.3 billion in client assets. During the second quarter Manning & Napier Advisors bought into 23 companies, bringing the fund’s total to 352 stocks valued at approximately $19.5 billion.

The following companies are the top five increases made by Manning & Napier Advisors during the second quarter.

Companhia de Bebidas das Americas AmBev (ABV)

During the second quarter Manning & Napier made their largest increase in AmBev during the second quarter. The fund increased their holdings 20334.7% by adding 9,567,482 shares to their holdings. Manning & Napier purchased these shares at an average price of $39.56. Since this buy, the price per share has decreased approximately 4.5%.

Manning & Napier currently holdings 9,614,532 shares of AmBev, representing 0.31% of shares outstanding and 1.9% of their total portfolio. The fund’s holding history of Companhia de Bebidas:



The company produces, distributes and sells beer, soft drinks and other non-alcoholic and non-carbonated products in 14 countries across the Americas. AmBev is PepsiCo's bottler outside the United States.

AmBev’s historical price, revenue and net income:

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The company’s second quarter financial results highlighted:

· Normalized earnings of $0.26 per share, down 2.7% from 2012.

· Net sales grew 9.9%.

· Total revenue jumped 8.3% from prior-year quarter.

· Cost of goods sold (COGS) increased 10.8%

Companhia de Bebidas das Americas AmBev has a market cap of $115.04 billion. Its shares are currently trading at around $38.50 with a P/E ratio of 27.20, a P/S ratio of 8.70 and a P/B ratio of 9.00. The company had an annual average earnings growth of 16.1% over the past 10 years.

GuruFocus rated AmBev the business predictability rank of 5-star.

There are currently
ten gurus that maintain a position in AmBev. Click here to see their holding histories.

Total SA (TOT)

During the second quarter Manning & Napier increased their position in Total SA by 4651.26%. The fund purchased a total of 204,237 shares at an average price of $49.38. Since this buy, the share price has increased approximately 8.5%. The fund now holds 208,628 shares of Total SA, representing 0.01% of the company’s shares outstanding and 0.054% of their total portfolio.

Manning & Napier’s holding history of Total SA:



Total SA is an international oil and gas company in the world. With operations in more than 130 countries, the Company engages in all aspects of the petroleum industry, including upstream operations and downstream operations.

Total SA’s historical price, revenue and net income:

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The company’s second quarter highlights:

· Adjusted net income of $3.5, down 1% from 2012.

· Diluted EPS of $1.55.

· Sales of $61.36 billion, down 3% from 2012.

The Peter Lynch Chart shows that Total SA is currently undervalued:

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Total SA has a market cap of $121.72 billion. Its shares are currently trading at around $53.67 with a P/E ratio of 9.60, a P/S ratio of 0.50 and a P/B ratio of 1.30. Total SA currently holds a 4.7% dividend yield. The company had an annual average earnings growth of 5.5% over the past ten years.

There are currently
11 gurus that hold a position in Total SA. Click here to see their holding histories.

Skyworks Solutions (SWKS)

Manning & Napier upped their holdings in Skyworks Solutions by 715.77% during the second quarter. The fund purchased a total of 3,094,130 shares at an average price of $22.16. Since this buy, the share price is up about 11.1%. Manning & Napier now hold on to a total of 3,526,410 shares of Skyworks, representing 1.84% of the company’s shares outstanding and 0.41% of their total portfolio.

The fund’s holding history of Skyworks Solutions:



Skyworks together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors. The company offers standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and cellular handset applications.

Skyworks’ historical price, revenue and net income:

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The company released its third quarter fiscal 2013 results which reported:

· $436.1 million in revenue, up 12% year over year.

· Expanded non-GAAP gross margin to 44% and non-GAAP operating margin to 25.7%.

· Non-GAAP diluted EPS of $0.54.

· Repurchased 4 million shares of common stock.

Skyworks has a market cap of $4.68 billion. Its shares are currently trading at around $24.74 with a P/E ratio of 20.00, a P/S ratio of 2.80 and a P/B ratio of 2.40.

There are currently four gurus that maintain a position in Skyworks. Click here to see their holding histories.

SciQuest (SQI)

Over the past quarter, Manning & Napier increased their holdings by 652.98%. The fund purchased a total of 372,200 shares at $23.33 per share. Since this most recent purchase, the price per share has increased approximately 6%. Manning & Napier now hold on to 429,200 shares of SciQuest, representing 1.90% of the company’s shares outstanding and 0.057% of their total portfolio.

Manning & Napier’s holding history of SciQuest:



SciQuest provides on-demand strategic procurement and supplier management solutions that integrate its customers with their suppliers to improve procurement of indirect goods and services.

SciQuest’s historical price, revenue and net income:

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The company’s second quarter results are set to be released later this afternoon.

The analysis on the company reports that their share price is nearing a three-year high. It also notes that the company has no debt.

SciQuest has a market cap of $567.3 million. Its shares are currently being traded at around $24.70 with a P/E ratio of 237.00, a P/S ratio of 7.60 and a P/B ratio of 8.40.

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There are
four gurus that hold a position in SciQuest. Click here to see their holding histories.

Facebook (FB)

During the second quarter Manning & Napier increased their holdings in Facebook by 317.16%. The fund purchased 1,947,060 shares valued at approximately $25.62 per share. Since this increase, the stock price has jumped up about 49%. Manning & Napier now hold on to 2,560,970 shares of Facebook, representing 0.11% of the company’s shares outstanding and 0.34% of their total portfolio.

The fund’s holding history of Facebook:



Facebook is a social media website that allows its users to keep up with friends and family by enabling them to upload an unlimited number of photos, share links and videos, and to learn more about the people they meet.

Facebook’s historical price, revenue and net income:

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The company’s second quarter financial results turned out better than expected and highlighted:

· Revenue of $1.81 billion, an increase of 53%, compared with $1.18 billion last year.

· Net income of $333 million, compared to a net loss of $157 million last year.

· GAAP diluted EPS was $0.13, non-GAAP diluted EPS was $0.19.

· Surpassed 1 million active advertisers on Facebook.

Facebook has a market cap of $93.92 billion. Its shares are currently trading at around $37.72 with a P/E ratio of 170.90, a P/S ratio of 15.50 and a P/B ratio of 7.40.

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There are
11 gurus that hold a position in Facebook. Click here to see their holding histories.

You can view Manning and Napier’s complete portfolio here.

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