Investors Buy Pepsico (PEP) on Weakness

13 January, 2018, 17:04 | Author: Regina Silva

Cubist Systematic Strategies Llc decreased its stake in Jack In The Box Inc (JACK) by 89.94% based on its latest 2017Q3 regulatory filing with the SEC. Patriot Wealth Management Inc. now owns 41,517 shares of the company's stock worth $4,979,000 after acquiring an additional 610 shares during the period. The institutional investor held 2,500 shares of the restaurants company at the end of 2017Q3, valued at $255,000, down from 24,853 at the end of the previous reported quarter. Partners Group Holding Ag who had been investing in Canadian National Railway Co for a number of months, seems to be bullish on the $61.36B market cap company. It closed at $103.48 lastly. Infosys Limited (NYSE:INFY) has declined 17.92% since January 7, 2017 and is downtrending. It has outperformed by 10.05% the S&P500. Finally, Patriot Wealth Management Inc. grew its position in Pepsico by 1.5% in the 4th quarter.

Georgia-based Synovus has invested 0.3% in Facebook, Inc. Its up 0.02, from 0.86 in 2017Q2. It also reduced its holding in 3M Co (NYSE:MMM) by 52,742 shares in the quarter, leaving it with 224,559 shares, and cut its stake in Boeing Co (NYSE:BA).

Stillwater Capital Advisors Llc, which manages about $603.89M and $386.00 million US Long portfolio, upped its stake in Ishares Russell 1000 Growth Et (IWF) by 4,953 shares to 29,515 shares, valued at $3.69M in 2017Q3, according to the filing. (NYSE:CF). Pictet Asset Limited reported 492,320 shares. Lazard Asset Ltd Liability has 1.04 million shares for 0.23% of their portfolio. Monetary Gp reported 14,745 shares or 0.69% of all its holdings.

Several analysts are forecasting growth estimate of Pepsico, Inc. for the current quarter to be 8.3%. Moors & Cabot Inc. owns 337,060 shares or 0.9% of their U.S. portfolio. Grp One Trading Limited Partnership reported 4,384 shares. (NYSE:CF). Commonwealth Equity Svcs invested in 20,577 shares. Fincl Counselors has invested 0.08% in Gartner, Inc. Tcw Grp Inc, California-based fund reported 134,911 shares. Tributary Mngmt Lc holds 0.01% of its portfolio in Pepsico, Inc. Dekabank Deutsche Girozentrale accumulated 107,183 shares or 0.03% of the stock. $9.98M worth of Apple Inc. Therefore 52% are positive. (NASDAQ:PEP) on Tuesday, August 15 with "Buy" rating. The firm earned "Buy" rating on Wednesday, October 7 by Stifel Nicolaus. Susquehanna Bancshares restated a buy rating and issued a $135.00 price target on shares of Pepsico in a report on Monday, October 2nd. The stock of AbbVie Inc. The rating was maintained by Wells Fargo on Thursday, January 4 with "Hold". The firm has "Hold" rating given on Thursday, August 3 by Piper Jaffray. On Thursday, December 1 the stock rating was downgraded by Raymond James to "Mkt Perform". Robert W. Baird maintained Jack in the Box Inc. The firm has "Neutral" rating given on Tuesday, April 19 by Citigroup. As per Tuesday, April 19, the company rating was maintained by JP Morgan.

Investors sentiment increased to 0.88 in Q3 2017. It increased, as 51 investors sold PEP shares while 689 reduced holdings. 39 funds opened positions while 125 raised stakes.

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Ivy High Income Opportunities Fund (NYSE:IVH) Q3 2017 Sentiment Report
Mcgowan Grp Asset Mngmt holds 0.05% of its portfolio in Nuveen Credit Strategies Income Fund (NYSE:JQC) for 29,030 shares. Carroll Fincl Assoc Inc holds 100 shares. 17,250 were reported by Comerica National Bank. (NYSE:AKP) for 30,054 shares.


Gillespie Robinson & Grimm Inc. Grows Stake in Prudential Financial Inc (PRU)
The company traded as high as GBX 1,970.50 ($26.72) and last traded at GBX 1,970.50 ($26.72), with a volume of 5277309 shares. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Prudential Financial by 20.4% in the second quarter.


The company reported its last earnings Actual EPS of $1.48/share. 92,666 are owned by Sns Financial Gru Ltd Company. Bnp Paribas Arbitrage Sa invested in 0.02% or 50,535 shares. Amalgamated Retail Bank owns 0.59% invested in Pepsico, Inc. (NASDAQ:PEP) by 26.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. About 289,360 shares traded. Glenmede Trust Company Na reported 1.52 million shares.

WARNING: "Zacks: Brokerages Expect Pepsico, Inc". (NASDAQ:PEP) news were published by: Zacks.com which released: "PepsiCo Introduces MTN DEW ICE, Diversifies CSD Portfolio" on January 10, 2018, also Seekingalpha.com with their article: "PepsiCo Earnings Not Worth The Risk" published on January 02, 2018, Seekingalpha.com published: "PepsiCo's Stock Buybacks: A Mixed Record In Generating Value" on January 01, 2018. (NASDAQ:PEP). Wetherby Asset Management Incorporated reported 0.58% of its portfolio in Pepsico, Inc. First Interstate Bank & Trust invested 1.86% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 79,897 shares. Cranbrook Wealth Management Limited Company stated it has 3,066 shares or 0.14% of all its holdings. Utd Fire, Iowa-based fund reported 23,000 shares. 256,724 are owned by Farr Miller & Washington Ltd Dc. First Foundation Advisors owns 115,587 shares or 1.01% of their United States portfolio.

Analysts await CF Industries Holdings, Inc. (NASDAQ:JACK) to report earnings on February, 28. The stock increased 1.87% or $0.3 during the last trading session, reaching $16.35. JACK's profit will be $36.79M for 19.68 P/E if the $1.25 EPS becomes a reality.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $154,029 activity. Eminence Capital Lp acquired 2.60M shares as Pandora Media Inc (P)'s stock declined 31.96%. Zacks Investment Research upgraded Pepsico from a hold rating to a buy rating and set a $131.00 price target for the company in a report on Monday, December 4th. Therefore 42% are positive. The rating was initiated by Cantor Fitzgerald with "Buy" on Tuesday, November 10. Chilton Capital Limited Liability Company reported 0.96% in Pepsico, Inc.

At the session level, shares of Pepsico, Inc.(NASDAQ:PEP) moved -0.15% from the open. Finally, Royal Bank of Canada restated a hold rating and issued a $115.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Credit Suisse Group reissued a "hold" rating and issued a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. The firm has "Hold" rating by RBC Capital Markets given on Tuesday, September 5. The rating was downgraded by Vetr to "Buy" on Thursday, August 27. As per Monday, September 4, the company rating was maintained by Canaccord Genuity. The stock has "Overweight" rating by Barclays Capital on Tuesday, April 19.

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