As Pepsico INC (PEP) Stock Price Declined, Shareholder First Republic Investment Management INC Cut Its Holding by $4.43 Million

July 14, 2018 - By Margaret Downey

PepsiCo, Inc. (NASDAQ:PEP) LogoInvestors sentiment is 0.86 in 2018 Q1. Its the same as in 2017Q4. It is without change, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Atlantic Ltd, Georgia-based fund reported 1.81 million shares. Moreover, American National Bank & Trust has 0.27% invested in PepsiCo, Inc. (NASDAQ:PEP) for 8,708 shares. Bank has 796,386 shares for 1.15% of their portfolio. The Texas-based Salient Tru Lta has invested 2.29% in PepsiCo, Inc. (NASDAQ:PEP). The California-based Tcw Gp has invested 0.92% in PepsiCo, Inc. (NASDAQ:PEP). Ramsay Stattman Vela And Price accumulated 72,682 shares. Woodstock holds 106,775 shares or 2.2% of its portfolio. Murphy Pohlad Asset Ltd Llc invested in 1.3% or 17,363 shares. Maple Management has 2% invested in PepsiCo, Inc. (NASDAQ:PEP) for 73,632 shares. Greatmark Investment Ptnrs holds 10,172 shares or 0.4% of its portfolio. Of Oklahoma reported 0% stake. Investment Limited Oh Adv has invested 0.53% in PepsiCo, Inc. (NASDAQ:PEP). Wealthtrust accumulated 328 shares. Carlton Hofferkamp Jenks Wealth Management Limited Company, Texas-based fund reported 9,259 shares. Callahan Advsr Ltd Company accumulated 81,409 shares.

First Republic Investment Management Inc decreased its stake in Pepsico Inc (PEP) by 3.17% based on its latest 2018Q1 regulatory filing with the SEC. First Republic Investment Management Inc sold 40,635 shares as the company’s stock declined 9.58% with the market. The hedge fund held 1.24 million shares of the consumer non-durables company at the end of 2018Q1, valued at $135.53M, down from 1.28 million at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $159.78B market cap company. The stock increased 1.04% or $1.16 during the last trading session, reaching $112.69. About 3.57 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since July 14, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

First Republic Investment Management Inc, which manages about $25.99 billion and $12.66 billion US Long portfolio, upped its stake in Goldman Sachs Group Inc (NYSE:GS) by 17,184 shares to 244,810 shares, valued at $61.66M in 2018Q1, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLV) by 68,209 shares in the quarter, for a total of 480,890 shares, and has risen its stake in Synchrony Finl (NYSE:SYF).

More news for PepsiCo, Inc. (NASDAQ:PEP) were recently published by: Streetinsider.com, which released: “PepsiCo (PEP) Declares $0.9275 Quarterly Dividend; 3.3% Yield” on July 13, 2018. Nasdaq.com‘s article titled: “Mid-Day Market Update: Dow Rises Over 150 Points; Spero Therapeutics Shares Plunge” and published on July 10, 2018 is yet another important article.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 10 analysts covering PepsiCo (NYSE:PEP), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. PepsiCo has $140.0 highest and $110 lowest target. $123.33’s average target is 9.44% above currents $112.69 stock price. PepsiCo had 10 analyst reports since January 29, 2018 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Friday, April 27. The firm has “Buy” rating by Susquehanna given on Monday, February 12. The firm has “Overweight” rating given on Wednesday, July 11 by Morgan Stanley. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, July 3 report. The firm has “Sell” rating by Goldman Sachs given on Tuesday, April 17. As per Wednesday, July 11, the company rating was maintained by Citigroup. The firm has “Overweight” rating given on Wednesday, February 14 by JP Morgan. Evercore downgraded PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, February 14 to “In-Line” rating. The firm has “Hold” rating by Credit Suisse given on Thursday, February 1.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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