Economy

Gareth Morgan Investments Limited Partnership Sells 53234 Shares of Pepsico, Inc. (PEP)

HighTower Advisors LLC now owns 614,010 shares of the company's stock valued at $68,659,000 after buying an additional 15,488 shares in the last quarter. Kohls Corp now has $7.39B valuation.

The stock increased 7.27% or $3.26 during the last trading session, reaching $48.09. Piershale Financial Group Inc. now owns 1,009 shares of the company's stock valued at $110,000 after buying an additional 4 shares during the period. (SPB) has risen 10.42% since September 12, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Murphy Capital Management Inc decreased its stake in Pepsico (PEP) by 36.55% based on its latest 2016Q4 regulatory filing with the SEC.

Recently stock market analysts have updated their consensus ratings on shares of Pepsico, Inc. Capstone Asset Mgmt Co holds 0.01% in Zumiez Inc.

Analysts expect PepsiCo, Inc. The stock declined 0.49% or $0.57 reaching $115.12 on the news.

About 321,825 shares traded. The legal version of this article can be read at https://www.truebluetribune.com/2017/09/12/gareth-morgan-investments-limited-partnership-sells-53234-shares-of-pepsico-inc-pep.html. It has underperformed by 4.50% the S&P500.

Investors sentiment increased to 0.97 in Q4 2016. Its down 0.04, from 1.12 in 2016Q3. It worsened, as 56 investors sold WY shares while 276 reduced holdings.

Several other hedge funds have also made changes to their positions in the company. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.40 by $0.10. Mackenzie Fin Corporation holds 0.58% or 929,460 shares in its portfolio. (NYSE:PEP). Lombard Odier Asset Mngmt (Europe) Ltd holds 0.73% or 19,230 shares.

Axa decreased its stake in Pepsico Inc (PEP) by 42.47% based on its latest 2016Q4 regulatory filing with the SEC. Compass Capital Management Inc holds 0.11% of its portfolio in PepsiCo, Inc. (NYSE:PEP) were released by: Fool.com and their article: "Better Buy: Procter & Gamble Co vs. PepsiCo, Inc." published on August 26, 2017 as well as Seekingalpha.com's news article titled: "Credit Suisse cautious on PepsiCo" with publication date: September 08, 2017. (NYSE:PEP) traded up 0.08% during midday trading on Wednesday, hitting $105.69. Hendershot Invests has invested 0.69% in PepsiCo, Inc. (NYSE:PEP). New Jersey-based Mercer Cap Advisers Inc has invested 1.88% in PepsiCo, Inc. It also increased its holding in Grainger W W Inc (NYSE:GWW) by 2,500 shares in the quarter, for a total of 46,486 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC). Moreover, M&T Bancshares has 0.21% invested in Weyerhaeuser Co (NYSE:WY) for 1.11 million shares. Ngam Advsrs Limited Partnership owns 0.22% invested in PepsiCo, Inc. Crestwood Ltd Liability owns 2.03% invested in PepsiCo, Inc. (NYSE:PEP). Hills Bank And invested in 55,485 shares. Meeder Asset Management Inc has 333 shares. During the same quarter in the previous year, the business posted $1.35 earnings per share. PEP's profit would be $2.02 billion giving it 20.37 P/E if the $1.42 EPS is correct. After $1.50 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 44% are positive. PepsiCo had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The company has market cap of $164.92 billion. (NYSE:PEP) on Tuesday, August 1 with "Hold" rating. (NYSE:PEP) by 76.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Citigroup initiated Electrolux AB (ADR) (OTCMKTS:ELUXY) on Tuesday, December 1 with "Neutral" rating. The rating was downgraded by Barclays Capital on Wednesday, December 9 to "Underweight". BMO Capital Markets downgraded Pepsico from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $118.00 to $120.00 in a research report on Wednesday, June 7th. The rating was maintained by BMO Capital Markets on Thursday, March 23 with "Buy".

03/02/2017 - Pepsico, Inc. had its "outperform" rating reiterated by analysts at Sanford C. Bernstein. (NYSE:PEP) earned "Hold" rating by RBC Capital Markets on Friday, May 26. The company was maintained on Thursday, July 6 by Jefferies.

09/29/2016 - Pepsico, Inc. had its "overweight" rating reiterated by analysts at Morgan Stanley. UBS maintained the shares of PEP in report on Friday, July 8 with "Buy" rating.

Since April 28, 2017, it had 0 insider purchases, and 1 sale for $337,775 activity. TRUDELL CYNTHIA had sold 3,000 shares worth $337,775 on Friday, April 28. Shareholders of record on Friday, September 1st will be given a $0.805 dividend. Its down 0.09, from 0.84 in 2016Q3. It is positive, as 12 investors sold Zumiez Inc. shares while 35 reduced holdings. 80 funds opened positions while 166 raised stakes. 178.89 million shares or 4.03% more from 171.95 million shares in 2016Q3 were reported. Hanson & Doremus Invest Mngmt accumulated 5,063 shares. Moreover, Toronto Dominion Commercial Bank has 0% invested in Kohl's Corporation (NYSE:KSS) for 30,495 shares. Adams Diversified Equity Fund reported 230,400 shares. Vontobel Asset Mngmt stated it has 306,649 shares or 0.28% of all its holdings. Sfmg Ltd has invested 0.06% of its portfolio in PepsiCo, Inc. Hbk Investments Lp accumulated 362,100 shares. Sva Plumb Wealth Mgmt Llc owns 83,741 shares for 1.31% of their portfolio. Tobam has 958,309 shares for 1.93% of their portfolio. Blackrock Grp owns 0.05% invested in Kohl's Corporation (NYSE:KSS) for 2.19M shares. 13,547 are held by Lincoln Capital Limited Company. Princeton Alpha L P owns 37,532 shares.

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