Time Warner, Walt Disney and SolarCity Among the Trending Stocks on Wednesday

Picking up where we left off, SolarCity Corp (NASDAQ:SCTY) shares are down by 20% today, and it is another company that is suffering in the wake of its quarterly results. Yesterday, the company reported fourth quarter revenue of $115.5 million, up by 60.8% year-over-year, and beating expectations by $9.88 million, while its loss per share grew to $2.37 per share, also better than analysts’ expectations of a loss of $2.59 per share. Surprising analysts and impacting the market however was its poor forecast. SolarCity anticipates a first quarter loss of between $2.55 and $2.65 per share, excluding one-time items, which is higher than the $2.36 loss it incurred for the same quarter of the previous year.

At the end of September, 21% of SolarCity Corp (NASDAQ:SCTY)’s common stock was held by 29 investors in our system. Kenneth Tropin‘s Graham Capital Management had the largest holding of this stock among the funds we track, with 22.0 million shares of Solarcity at the end of September.

Next on our list is Panera Bread Co (NASDAQ:PNRA), whose stock is well in the green, by more than 6%, after posting a big earnings beat after the market close yesterday. For the fourth quarter, the chain of bakery-cafes posted earnings of $1.88 and revenue of $691.77 million. Moreover, Panera Bread managed to beat the EPS expectations by $0.10, but the revenue came short of the consensus estimate by $3.66 million. For the current year, the company expects to report EPS growth of between 2% to 5% compared to 2015.

23 funds reported ownership of Panera Bread Co (NASDAQ:PNRA) shares as of the end of September, and they held 13.8% of the company’s common stock at that time. Christian Leone‘s Luxor Capital Group holds the largest stake in the company among the funds we follow, having reported ownership of 997,838 shares in its latest quarterly filing.

Anheuser Busch Inbev SA (ADR) (NYSE:BUD) shares have advanced by 1% today, alongside most of its peers from the consumer industry. The stock is trending higher after news broke of the firm receiving a $2.85 billion offer from ASAHI GROUP HLDGS NPV (OTCMKTS:ASBRF) to purchase Anheuser’s Peroni and Grolsch beer brands. The deal is valued based on an estimated multiple of 21.5-times the brands’ EBITDA. The Japanese brewer will improve its business in the premium beer segments in various European countries, such as Italy, Britain, and the Netherlands, while having a new opportunity to distribute its namesake Asahi Super Dry beer.

At the end of September, approximately 3.1% of Anheuser Busch Inbev SA (ADR) (NYSE:BUD)’s common stock was held by 49 funds in our system, up by eight funds from the end of the second quarter. Tom Russo‘s Gardner Russo & Gardner reported ownership of 5.18 million Anheuser Busch shares as of the end of the third quarter.

Disclosure: None