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Why Investors Are Buzzing About These Stocks Today

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It’s M&A Thursday, as several major M&A deals have been announced today. Among the companies in the mood for mergers and acquisitions are Comcast Corporation (NASDAQ:CMCSA), Dreamworks Animation Skg Inc (NASDAQ:DWA), Medivation Inc (NASDAQ:MDVN), and Sanofi SA (ADR) (NYSE:SNY). In this article, we’ll examine the deals related to those four companies as well as take a look at why Terex Corporation (NYSE:TEX) is trending. In addition, we’ll examine relevant hedge fund sentiment towards each of the five stocks.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see the details here).

The Buyout of Dreamworks Becomes Official

A day after the Wall Street Journal reported that the two companies might be in talksComcast Corporation (NASDAQ:CMCSA) made the rumors official by issuing a press release stating that it is acquiring Dreamworks Animation Skg Inc (NASDAQ:DWA) for $41 in cash per share, for a total equity value of around $3.8 billion. Dreamworks is a global entertainment company with interests that span feature film and tv production, licensing and consumer products, and new media properties, including the Company’s controlling interest in AwesomenessTV. The deal is expected to boost content development at Comcast’s NBCUniversal division and help Comcast diversify away from its cable business, which might undergo secular decline due to cord cutting by millennials. After the deal closes, DreamWorks’ CEO Jeffrey Katzenberg will become Chairman of Comcast’s Dreamworks New Media division and serve as a consultant to Comcast’s NBCUniversal division. Dreamworks Animation Skg Inc (NASDAQ:DWA) shares have surged by 24% to $40 per share in late morning trading while Comcast Corporation (NASDAQ:CMCSA) shares are up by 0.7% on the news.

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Of the 786 active funds that we track, 83 funds owned $8.78 billion worth of Comcast Corporation’s shares on December 31, which accounted for 6.30% of the float, while 13 elite funds owned $721.7 million worth of Dreamworks Animation’s shares, amounting to 32.60% of the float.

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On the next page we take a closer look at the movement witnessed in the shares of Medivation Inc, Sanofi SA (ADR), and Terex Corporation today.

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