Is Johnson Controls International plc (JCI) a Good Stock To Buy?

With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls’ herd. JANA Partners created the most outsized position in Johnson Controls International plc Ordinary Share (NYSE:JCI). John Burbank’s Passport Capital also initiated a $219.2 million position during the quarter. Two other funds with brand new JCI positions are Anand Parekh’s Alyeska Investment Group and Jacob Doft’s Highline Capital Management.

Let’s now review hedge fund activity in other stocks similar to Johnson Controls International plc Ordinary Share (NYSE:JCI)). These stocks are SYSCO Corporation (NYSE:SYY), Kellogg Company (NYSE:K), Intuit Inc. (NASDAQ:INTU), and Sempra Energy (NYSE:SRE). This group of stocks’ market caps resemble JCI’s market cap.

As you can see these stocks had an average of 29 investors with bullish positions and the average amount invested in these stocks was $1.55 billion. That figure was $2.83 billion in JCI’s case. Kellogg Company (NYSE:K) is the most popular stock in this table with 39 funds holding shares. On the other hand Sempra Energy (NYSE:SRE) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks Johnson Controls International plc Ordinary Share (NYSE:JCI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.