Pepsico (PEP) Valuation Declined While Cibc Asset Management Lowered Its Stake by $451,486; As Apple (AAPL) Stock Declined, Locust Wood Capital Advisers Raised by $19.47 Million Its Stake

April 25, 2018 - By Ellis Scott

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Stephen J. Errico increased its stake in Apple Inc (AAPL) by 59.46% based on its latest 2017Q4 regulatory filing with the SEC. Locust Wood Capital Advisers Llc bought 115,230 shares as the company’s stock declined 3.81% with the market. The hedge fund run by Stephen J. Errico held 309,021 shares of the computer manufacturing company at the end of 2017Q4, valued at $52.30 million, up from 193,791 at the end of the previous reported quarter. Locust Wood Capital Advisers Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $836.15B market cap company. The stock increased 1.14% or $1.85 during the last trading session, reaching $164.79. About 15.01 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 25, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Cibc Asset Management Inc decreased its stake in Pepsico Inc (PEP) by 2.23% based on its latest 2017Q4 regulatory filing with the SEC. Cibc Asset Management Inc sold 3,794 shares as the company’s stock declined 9.24% with the market. The institutional investor held 166,015 shares of the consumer non-durables company at the end of 2017Q4, valued at $19.91M, down from 169,809 at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $143.76 billion market cap company. The stock decreased 0.16% or $0.16 during the last trading session, reaching $101.28. About 2.00M shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 25, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Cibc Asset Management Inc, which manages about $16.35B US Long portfolio, upped its stake in Ventas Inc (NYSE:VTR) by 9,425 shares to 80,366 shares, valued at $4.82 million in 2017Q4, according to the filing. It also increased its holding in Goldcorp Inc New (NYSE:GG) by 4.82M shares in the quarter, for a total of 16.70 million shares, and has risen its stake in Synopsys Inc (NASDAQ:SNPS).

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 68 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo maintained the stock with “Hold” rating in Thursday, January 4 report. Jefferies maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Thursday, January 4. Jefferies has “Hold” rating and $113.0 target. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 22. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. The rating was maintained by Citigroup on Tuesday, April 19 with “Neutral”. The rating was downgraded by Jefferies to “Hold” on Monday, October 2. On Thursday, June 22 the stock rating was maintained by Jefferies with “Buy”. UBS maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, October 7. UBS has “Buy” rating and $108 target. The stock has “Hold” rating by RBC Capital Markets on Friday, November 10. The stock has “Hold” rating by RBC Capital Markets on Friday, June 30.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 EPS, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31B for 27.52 P/E if the $0.92 EPS becomes a reality. After $1.31 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It turned negative, as 63 investors sold PEP shares while 712 reduced holdings. 122 funds opened positions while 542 raised stakes. 958.76 million shares or 0.63% less from 964.87 million shares in 2017Q3 were reported. Los Angeles Cap Management Equity holds 0.51% or 773,674 shares in its portfolio. Winslow Evans And Crocker Incorporated holds 6,448 shares or 0.25% of its portfolio. Mckinley Carter Wealth Svcs, a West Virginia-based fund reported 41,519 shares. Ferguson Wellman Capital Mngmt holds 1.27% or 307,024 shares. Walleye Trading Limited Com invested in 0.06% or 100,545 shares. 7,781 are owned by Somerset Group Limited Liability Company. Mufg Americas Hldgs Corporation reported 284,641 shares stake. Callahan Limited Company reported 82,219 shares. Cypress Asset Management Tx has invested 2.82% in PepsiCo, Inc. (NASDAQ:PEP). Moreno Evelyn V holds 2.03% or 56,032 shares in its portfolio. Parsec Management holds 201,573 shares or 1.64% of its portfolio. Cincinnati Financial holds 0.63% or 119,500 shares in its portfolio. First Midwest Savings Bank Division has invested 1.05% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Lakeview Cap Partners Lc stated it has 7,509 shares or 0.66% of all its holdings. Phocas Fin holds 0.09% or 8,616 shares.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Benedict Finance holds 3.11% in Apple Inc. (NASDAQ:AAPL) or 38,192 shares. Brave Asset has invested 2.4% of its portfolio in Apple Inc. (NASDAQ:AAPL). Vision Cap Management holds 5.01% or 101,733 shares. Reilly Fin Advsr Ltd Liability Co reported 96,415 shares. Edgestream Prtnrs Lp invested 0.54% of its portfolio in Apple Inc. (NASDAQ:AAPL). Reliance Of Delaware reported 51,593 shares. Evercore Wealth Mgmt Ltd Liability Company has invested 3.59% in Apple Inc. (NASDAQ:AAPL). Carlton Hofferkamp & Jenks Wealth Management Ltd reported 2.45% stake. Axiom Intl Investors Ltd De holds 1.57% or 370,529 shares in its portfolio. Pecaut reported 49,737 shares stake. Cls Investments Ltd Liability Corporation holds 0.09% or 15,474 shares. Transamerica Advsrs holds 0.87% in Apple Inc. (NASDAQ:AAPL) or 39,002 shares. Jacobs Levy Equity Mgmt owns 705,449 shares or 2.1% of their US portfolio. Avenir Corp stated it has 1.58% of its portfolio in Apple Inc. (NASDAQ:AAPL). Schulhoff & holds 4,728 shares.

Since December 7, 2017, it had 0 insider buys, and 5 selling transactions for $26.72 million activity. $6.83 million worth of Apple Inc. (NASDAQ:AAPL) was sold by Maestri Luca on Thursday, April 12. $11.56 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W.

Locust Wood Capital Advisers Llc, which manages about $781.63 million and $1.08B US Long portfolio, decreased its stake in Suncor Energy Inc New (NYSE:SU) by 151,938 shares to 1.29M shares, valued at $47.49 million in 2017Q4, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 120,630 shares in the quarter, leaving it with 328,310 shares, and cut its stake in Praxair Inc (NYSE:PX).

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. had 401 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained Apple Inc. (NASDAQ:AAPL) on Thursday, August 20 with “Buy” rating. The company was initiated on Wednesday, April 6 by Needham. RBC Capital Markets maintained the shares of AAPL in report on Monday, July 31 with “Buy” rating. Credit Suisse maintained Apple Inc. (NASDAQ:AAPL) rating on Thursday, September 15. Credit Suisse has “Outperform” rating and $150 target. On Friday, December 16 the stock rating was reinitiated by PiperJaffray with “Overweight”. The firm earned “Overweight” rating on Monday, July 17 by Morgan Stanley. Guggenheim maintained Apple Inc. (NASDAQ:AAPL) on Friday, December 1 with “Buy” rating. Citigroup maintained Apple Inc. (NASDAQ:AAPL) on Friday, September 30 with “Buy” rating. The company was maintained on Friday, November 3 by Loop Capital. As per Wednesday, January 27, the company rating was maintained by Argus Research.

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

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