As Stamps Com (STMP) Stock Price Declined, Holder Tekne Capital Management Has Trimmed by $8.24 Million Its Holding; As Pepsico (PEP) Stock Rose, Mcrae Capital Management Lowered Its Holding

January 19, 2018 - By Kurt Siggers

Mcrae Capital Management Inc decreased its stake in Pepsico Inc (PEP) by 80.35% based on its latest 2017Q3 regulatory filing with the SEC. Mcrae Capital Management Inc sold 73,831 shares as the company’s stock rose 5.12% with the market. The institutional investor held 18,059 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.01M, down from 91,890 at the end of the previous reported quarter. Mcrae Capital Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $171.50B market cap company. The stock increased 1.29% or $1.54 during the last trading session, reaching $120.59. About 2.65M shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 19, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Beeneet Kothari decreased its stake in Stamps Com Inc (STMP) by 20.12% based on its latest 2017Q3 regulatory filing with the SEC. Tekne Capital Management Llc sold 40,811 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund run by Beeneet Kothari held 162,064 shares of the business services company at the end of 2017Q3, valued at $32.84 million, down from 202,875 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $3.48 billion market cap company. The stock increased 1.97% or $3.85 during the last trading session, reaching $199.25. About 86,590 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since January 19, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 EPS, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85B for 23.19 P/E if the $1.30 EPS becomes a reality. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, July 11 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, April 19. Jefferies maintained Pepsico, Inc. (NASDAQ:PEP) rating on Tuesday, August 15. Jefferies has “Buy” rating and $133.0 target. Goldman Sachs maintained Pepsico, Inc. (NASDAQ:PEP) rating on Wednesday, June 29. Goldman Sachs has “Neutral” rating and $104 target. The stock of Pepsico, Inc. (NASDAQ:PEP) has “Buy” rating given on Friday, July 8 by UBS. The firm earned “Buy” rating on Thursday, August 10 by Cowen & Co. Jefferies maintained it with “Buy” rating and $133.0 target in Monday, September 18 report. The firm has “Neutral” rating given on Thursday, October 5 by Credit Suisse. The firm has “Market Perform” rating given on Wednesday, June 7 by BMO Capital Markets. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Overweight” rating by Barclays Capital on Tuesday, April 19.

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $7.21 million activity. On Tuesday, October 10 Laguarta Ramon sold $2.37 million worth of Pepsico, Inc. (NASDAQ:PEP) or 21,449 shares.

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It is positive, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Allen Investment Lc stated it has 0.03% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Assetmark holds 4,062 shares or 0.01% of its portfolio. 115,493 were reported by Artemis Investment Management Ltd Liability Partnership. 67,726 are owned by Cape Cod Five Cents Financial Bank. Bancorporation Of The Ozarks invested in 1% or 21,689 shares. Lsv Asset Mgmt reported 0% stake. Peddock Cap Ltd Liability Corporation holds 1,400 shares or 0.08% of its portfolio. Deroy And Devereaux Private Inv Counsel Inc has 129,043 shares for 1.62% of their portfolio. Blume Management has 0.1% invested in Pepsico, Inc. (NASDAQ:PEP) for 1,775 shares. Fil holds 0.46% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 1.46M shares. Sanders Cap Ltd Liability owns 2.72% invested in Pepsico, Inc. (NASDAQ:PEP) for 4.00 million shares. Arcadia Invest Mgmt Corporation Mi holds 0.46% or 13,450 shares in its portfolio. Jane Street Gp Limited Liability stated it has 0.09% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Haverford holds 3.19% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 73,281 shares. Cognios Limited Liability Company stated it has 0.7% in Pepsico, Inc. (NASDAQ:PEP).

Since July 31, 2017, it had 0 insider buys, and 25 sales for $118.44 million activity. Shares for $4.60M were sold by Buerba Sebastian on Tuesday, October 24. Clem John Roland also sold $2.10M worth of Stamps.com Inc. (NASDAQ:STMP) on Wednesday, September 20. Another trade for 1,200 shares valued at $243,480 was sold by Khechfe Amine. 40,000 shares valued at $8.35M were sold by ANANDA MOHAN P on Friday, August 11. The insider Biswas Michael John sold 29,288 shares worth $6.71M. 25,000 shares were sold by WEISBERG SETH, worth $4.94M.

Investors sentiment is 1.01 in Q3 2017. Its the same as in 2017Q2. It is the same, as 26 investors sold STMP shares while 92 reduced holdings. only 60 funds opened positions while 59 raised stakes. 16.25 million shares or 8.57% less from 17.77 million shares in 2017Q2 were reported. Gotham Asset Mngmt Limited Liability reported 24,018 shares. Engineers Gate Manager LP invested in 0.06% or 3,788 shares. Blackrock has 0.02% invested in Stamps.com Inc. (NASDAQ:STMP). 6,300 are owned by Macquarie Group Inc Limited. Rice Hall James & Ltd Llc holds 209,123 shares or 1.88% of its portfolio. Sigma Planning Corp, a Michigan-based fund reported 1,450 shares. Advisory Net holds 0.01% or 230 shares in its portfolio. Susquehanna Intl Group Inc Llp reported 27,312 shares. Goldman Sachs Gp Incorporated has 0% invested in Stamps.com Inc. (NASDAQ:STMP). 28,800 were accumulated by Eulav Asset Mngmt. Strs Ohio holds 119,670 shares. Fisher Asset Mgmt Limited Company reported 35,142 shares or 0.01% of all its holdings. Gamco Investors Incorporated Et Al holds 0.02% or 15,600 shares in its portfolio. Barclays Public Lc accumulated 3,612 shares or 0% of the stock. Apg Asset Mngmt Nv invested in 0.01% or 15,900 shares.

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