Richard C Young & Company Has Upped Its Holding in Pepsico (PEP) as Share Value Declined; Monarch Alternative Capital LP Cut Its Chicago Bridge & Iron Company N.V. (Put) (CBI) Position as Shares Were Volatile

June 24, 2018 - By Stephen Andrade

PepsiCo, Inc. (NASDAQ:PEP) Logo

Michael Weinstock decreased its stake in Chicago Bridge & Iron Company N.V. (Put) (CBI) by 11.39% based on its latest 2018Q1 regulatory filing with the SEC. Monarch Alternative Capital Lp sold 200,000 shares as the company’s stock 0.00% . The hedge fund run by Michael Weinstock held 1.56M shares of the engineering & construction company at the end of 2018Q1, valued at $22.40 million, down from 1.76M at the end of the previous reported quarter. Monarch Alternative Capital Lp who had been investing in Chicago Bridge & Iron Company N.V. (Put) for a number of months, seems to be less bullish one the $1.68 billion market cap company. The stock increased 1.80% or $0.29 during the last trading session, reaching $16.41. About 11.81 million shares traded or 53.76% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has 0.00% since June 24, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical CBI News: 25/04/2018 – McDermott International: Fully Committed to Completing Combination With CB&I; 23/03/2018 – 63 MOONS TECHNOLOGIES LTD 63MO.NS SAYS SEARCH BY CBI TODAY WAS IN CONNECTION WITH MATTER OF PERMISSION GRANTED TO MCX IN 2003; 23/04/2018 – CORRECT: CB&I 1Q REV. $1.75B; 23/04/2018 – Chicago Bridge & Iron 1Q Rev $1.75B; 24/04/2018 – MCDERMOTT SEES $100M OF ADDITIONAL SAVINGS FROM CB&I DEAL; 28/04/2018 – Albany T-U: Exclusive: The CBI warns Liam Fox’s Brexit trade plans could bankrupt British companies; 03/04/2018 – CHICAGO BRIDGE & IRON CO -AWARDED CONTRACT BY HAINAN HUASHENG NEW MATERIAL TECHNOLOGY FOR LICENSE,ENGINEERING DESIGN FOR DPC PETROCHEMICAL UNIT IN CHINA; 31/03/2018 – India’s CBI probing Videocon, husband of ICICI Bank CEO, in loan case; 05/04/2018 – McDermott Encourages Stockholders to Vote “FOR” the Proposed Combination with CB&I; 15/03/2018 – INDIA CBI SPOKESMAN SAYS IN A TEXT MESSAGE ON CANARA BANK CASE

Richard C Young & Company increased its stake in Pepsico Inc (PEP) by 37.11% based on its latest 2018Q1 regulatory filing with the SEC. Richard C Young & Company bought 4,843 shares as the company’s stock declined 9.58% with the market. The institutional investor held 17,894 shares of the consumer non-durables company at the end of 2018Q1, valued at $1.95M, up from 13,051 at the end of the previous reported quarter. Richard C Young & Company who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $153.65B market cap company. The stock increased 1.05% or $1.13 during the last trading session, reaching $108.37. About 3.91 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 24, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: 19/04/2018 – LISTEN: The Coke and Pepsi of lung cancer, a debatable drug price, and a cure for capitalism; 25/04/2018 – Summer’s fizziest accessory: the return of the Rolex `Pepsi’; 20/04/2018 – PepsiCo Bond Trading 2x Average; Clients Net Sellers; 26/04/2018 – PepsiCo Sees 2018 Adj EPS $5.70; 26/04/2018 – PepsiCo 1Q North America Beverages Rev $4.415B; 25/05/2018 – PEPSICO ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE BARE SNACKS; 17/04/2018 – Goldman Sachs upgrades Coca-Cola, downgrades Pepsi; 09/03/2018 – PepsiCo Foundation and GENYOUth Partner to Conquer Hunger Among Students By Expanding “Grab-n-Go” School Breakfast Programs; 23/05/2018 – PepsiCo North America Nutrition and The Hatchery Chicago Partner to Further Innovation in the Food Industry; 10/05/2018 – Pepsi® Generations Summer Campaign Celebrates the Brand’s Rich Music History; Features Michael Jackson, Ray Charles and Britne

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 53 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 3 by Credit Suisse. Johnson Rice upgraded it to “Buy” rating and $60 target in Monday, May 16 report. On Monday, April 9 the stock rating was maintained by Robert W. Baird with “Hold”. The stock has “Hold” rating by Robert W. Baird on Friday, October 20. On Friday, August 11 the stock rating was maintained by Credit Suisse with “Neutral”. DA Davidson downgraded the shares of CBI in report on Tuesday, December 19 to “Neutral” rating. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Sell” rating by Macquarie Research on Wednesday, June 21. On Friday, November 13 the stock rating was initiated by Citigroup with “Buy”. The rating was maintained by Robert W. Baird with “Hold” on Monday, April 23. Credit Suisse maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Monday, September 26 with “Outperform” rating.

Another recent and important Chicago Bridge & Iron Company N.V. (NYSE:CBI) news was published by Seekingalpha.com which published an article titled: “How Far Could Progressive Fall? (And When I’ll Start Buying)” on June 19, 2018.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.36, from 0.58 in 2017Q4. It increased, as 23 investors sold CBI shares while 77 reduced holdings. 43 funds opened positions while 51 raised stakes. 78.34 million shares or 32.60% more from 59.08 million shares in 2017Q4 were reported. Tiaa Cref Investment Mgmt Llc accumulated 362,573 shares or 0% of the stock. Moreover, Schwab Charles Investment Management has 0.01% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 693,431 shares. Elkhorn Ptnrs Partnership stated it has 60,000 shares or 0.55% of all its holdings. Moreover, Stifel Financial Corporation has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Smithfield reported 660 shares or 0% of all its holdings. 5,619 were accumulated by Benjamin F Edwards. Dupont Mngmt has invested 0.05% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Prelude Mgmt Limited Liability Co reported 0.26% stake. Wellington Group Incorporated Llp reported 645,173 shares. Legal General Gp Public Ltd Com owns 137,572 shares for 0% of their portfolio. The Massachusetts-based Amundi Pioneer Asset has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Nj State Employees Deferred Compensation Plan invested in 30,000 shares or 0.08% of the stock. Virtu Financial Ltd has 12,482 shares for 0.01% of their portfolio. Covington Capital Mgmt owns 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 925 shares. Port Solutions Lc accumulated 0% or 152 shares.

Investors sentiment is 0.86 in Q1 2018. Its the same as in 2017Q4. It is the same, 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. Fincl Counselors Inc invested in 252,978 shares. Shelter Mutual Ins has invested 3.57% in PepsiCo, Inc. (NASDAQ:PEP). Sumitomo Mitsui Trust Incorporated reported 4.35M shares stake. Moreover, Personal Advisors has 0.09% invested in PepsiCo, Inc. (NASDAQ:PEP) for 54,759 shares. Frontier Com has invested 0% in PepsiCo, Inc. (NASDAQ:PEP). Mckinley Carter Wealth Services has 1.06% invested in PepsiCo, Inc. (NASDAQ:PEP). Janney Montgomery Scott Lc stated it has 0.42% in PepsiCo, Inc. (NASDAQ:PEP). Whalerock Point Prns Limited Liability Company holds 44,837 shares or 1.57% of its portfolio. Roffman Miller Assoc Pa reported 2.6% in PepsiCo, Inc. (NASDAQ:PEP). Boothbay Fund Management Ltd Liability Com holds 4,736 shares. Ameriprise Fin Inc stated it has 0.34% in PepsiCo, Inc. (NASDAQ:PEP). Bowling Portfolio Mgmt Llc accumulated 0.11% or 7,625 shares. Wells Fargo & Co Mn invested in 13.84M shares or 0.45% of the stock. Associated Banc has invested 1.17% in PepsiCo, Inc. (NASDAQ:PEP). Utd Fire Gp Inc accumulated 23,000 shares.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 69 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, July 6 the stock rating was maintained by Susquehanna with “Buy”. The firm has “In-Line” rating given on Wednesday, February 14 by Evercore. RBC Capital Markets maintained it with “Hold” rating and $115 target in Friday, March 24 report. The stock has “Neutral” rating by Goldman Sachs on Tuesday, April 19. Jefferies maintained the stock with “Hold” rating in Thursday, January 4 report. BMO Capital Markets maintained it with “Hold” rating and $12000 target in Tuesday, July 11 report. The firm has “Sell” rating by Goldman Sachs given on Tuesday, April 17. Jefferies maintained the shares of PEP in report on Tuesday, August 15 with “Buy” rating. The rating was initiated by Barclays Capital on Monday, January 9 with “Equal Weight”. Vetr downgraded the shares of PEP in report on Thursday, August 27 to “Buy” rating.

Richard C Young & Company, which manages about $977.77 million and $502.67M US Long portfolio, decreased its stake in Vanguard World Fds (VHT) by 2,170 shares to 173,471 shares, valued at $26.63 million in 2018Q1, according to the filing.

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

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