Adage Capital: Reduce Coke and Kraft Stakes, Increases ConAgra and Pepsico Share Holdings

Following is information regarding Adage Capital Partners’ top holdings in the Consumer Non-Cyclical sector for the quarter ending September 30th, 2011.

  • The Coca-Cola Company (NYSE:KO): On 6/30/11 Adage Capital Partners reported holding 4,834,941 shares with a market value of $325,343,184. This comprised 1.23% of the total portfolio. On 9/30/11, Adage Capital Partners held 4,337,241 shares with a market value of $293,023,991. This comprised 1.40% of the total portfolio. The net change in shares for this position over the two quarters is -497,700. About the company:  The Coca-Cola Company manufactures, markets, and distributes soft drink concentrates and syrups. The Company also distributes and markets juice and juice-drink products. Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.
  • Kellogg Co. (NYSE:K): On 6/30/11 Adage Capital Partners reported holding 2,616,331 shares with a market value of $144,735,430. This comprised 0.55% of the total portfolio. On 9/30/11, Adage Capital Partners held 2,645,031 shares with a market value of $140,689,195. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is 28,700. About the company: Kellogg Company manufactures and markets ready-to-eat cereal and other convenience foods. The Company’s products include cereals, cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles and veggie foods. Kellogg markets its products in the United States, Canada, and other countries throughout the world.
  • Philip Morris International, Inc. (NYSE:PM): On 6/30/11 Adage Capital Partners reported holding 2,522,731 shares with a market value of $168,442,740. This comprised 0.64% of the total portfolio. On 9/30/11, Adage Capital Partners held 2,142,576 shares with a market value of $133,653,893. This comprised 0.64% of the total portfolio. The net change in shares for this position over the two quarters is -380,155. About the company: Philip Morris International Inc., through its subsidiaries, affiliates and their licensees, produces, sells, distributes, and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The Company’s portfolio comprises both international and local brands.
  • The JM Smucker Co. (NYSE:SJM): On 6/30/11 Adage Capital Partners reported holding 1,021,375 shares with a market value of $78,073,907. This comprised 0.30% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,402,175 shares with a market value of $102,204,535. This comprised 0.49% of the total portfolio. The net change in shares for this position over the two quarters is 380,800. About the company: The JM Smucker Company manufactures and markets food products on a worldwide basis. The Company’s principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes.
  • Kraft Foods, Inc. (NYSE:KFT): On 6/30/11 Adage Capital Partners reported holding 3,850,992 shares with a market value of $135,670,446. This comprised 0.51% of the total portfolio. On 9/30/11, Adage Capital Partners held 3,015,292 shares with a market value of $101,253,511. This comprised 0.48% of the total portfolio. The net change in shares for this position over the two quarters is -835,700. About the company: Kraft Foods Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Kraft sells its products throughout the world.
  • Hershey Co. (NYSE:HSY): On 6/30/11 Adage Capital Partners reported holding 1,586,280 shares with a market value of $90,180,016. This comprised 0.34% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,569,280 shares with a market value of $92,964,150. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -17,000. About the company: The Hershey Company manufactures chocolate and sugar confectionery products. The Company’s principal products include confectionery and snack products; gum and mint refreshment products; and food and beverage enhancers such as baking ingredients, toppings and beverages.
  • Conagra Foods, Inc. (NYSE:CAG): On 6/30/11 Adage Capital Partners reported holding 2,763,800 shares with a market value of $71,333,677. This comprised 0.27% of the total portfolio. On 9/30/11, Adage Capital Partners held 3,765,000 shares with a market value of $91,188,297. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is 1,001,200. About the company: ConAgra Foods, Inc. manufactures and markets packaged foods for retail consumers, restaurants and institutions. The Company offers a wide range of food products, including meals, entrees, condiments, sides, snacks, specialty potato products, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors.
  • Sanderson Farms, Inc. (NASDAQ:SAFM): On 6/30/11 Adage Capital Partners reported holding 1,386,954 shares with a market value of $66,268,660. This comprised 0.25% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,765,554 shares with a market value of $83,863,815. This comprised 0.40% of the total portfolio. The net change in shares for this position over the two quarters is 378,600. About the company: Sanderson Farms, Inc. produces, processes, markets, and distributes fresh and frozen chicken products. The Company also processes, markets, and distributes processed and prepared food items. Sanderson Farms sells its chicken, primarily under the Sanderson Farms brand name, to retailers, distributors, and fast food operators in the southeastern, southwestern, and western United States.
  • Pepsico, Inc. (NYSE:PEP): On 6/30/11 Adage Capital Partners reported holding 973,335 shares with a market value of $68,551,984. This comprised 0.26% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,151,231 shares with a market value of $71,261,201. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is 177,896. About the company: PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.
  • Altria Group, Inc. (NYSE:MO): On 6/30/11 Adage Capital Partners reported holding 3,214,087 shares with a market value of $84,884,037. This comprised 0.32% of the total portfolio. On 9/30/11, Adage Capital Partners held 2,510,300 shares with a market value of $67,301,142. This comprised 0.32% of the total portfolio. The net change in shares for this position over the two quarters is -703,787. About the company: Altria Group, Inc. is a holding company. The Company, through subsidiaries, manufactures and sells cigarettes and other tobacco products, including cigars and pipe tobacco. Altria holds an interest in a brewery company.

(Note: Data regarding Adage Capital Partners’ stock holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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