First Quadrant LP Holding in Pepsico INC (PEP) Boosted by $5.20 Million as Shares Rose

June 20, 2017 - By Ellis Scott

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.18, from 0.79 in 2016Q3. It improved, as 68 investors sold PEP shares while 674 reduced holdings. 102 funds opened positions while 618 raised stakes. 967.70 million shares or 0.34% more from 964.42 million shares in 2016Q3 were reported. Becker Mgmt Inc invested in 0.02% or 5,417 shares. Patten Grp Inc reported 21,300 shares or 0.99% of all its holdings. Kayne Anderson Rudnick Invest Management Ltd invested in 0.01% or 11,328 shares. First Commercial Bank Of Hutchinson holds 0.15% or 2,435 shares. Garrison Financial reported 33,833 shares stake. Mogy Joel R Invest Counsel owns 125,808 shares for 2.39% of their portfolio. Nuveen Asset Mgmt Ltd Liability Corp holds 471,658 shares or 0.25% of its portfolio. Texas Permanent School Fund holds 429,628 shares or 0.6% of its portfolio. Moreover, Spears Abacus Advsrs Lc has 0.1% invested in PepsiCo, Inc. (NYSE:PEP). Summit Fincl Wealth Ltd Company has 1.93% invested in PepsiCo, Inc. (NYSE:PEP) for 42,012 shares. Ferguson Wellman Capital Management Incorporated owns 402,934 shares. Carroll Finance Associate holds 0.33% or 22,312 shares in its portfolio. Sumitomo Mitsui Tru Incorporated reported 0.72% in PepsiCo, Inc. (NYSE:PEP). Bryn Mawr Tru Communications holds 249,640 shares or 1.64% of its portfolio. Alpine Prtn Vi Limited Liability Corp accumulated 0.12% or 2,493 shares.

Since February 17, 2017, it had 0 insider purchases, and 9 insider sales for $32.14 million activity. Another trade for 23,585 shares valued at $2.57M was made by Laguarta Ramon on Tuesday, February 28. Tanner Kirk had sold 5,500 shares worth $605,735 on Wednesday, March 1. $2.70M worth of PepsiCo, Inc. (NYSE:PEP) shares were sold by Chadha Sanjeev. TRUDELL CYNTHIA sold $986,152 worth of stock. Shares for $21.03M were sold by Johnston Hugh F. Sankaran Vivek sold $220,444 worth of PepsiCo, Inc. (NYSE:PEP) on Wednesday, March 1. Narasimhan Laxman sold 4,258 shares worth $466,265.

First Quadrant LP increased its stake in Pepsico Inc (PEP) by 12.39% based on its latest 2016Q4 regulatory filing with the SEC. First Quadrant LP bought 49,972 shares as the company’s stock rose 5.12% with the market. The institutional investor held 453,456 shares of the consumer non-durables company at the end of 2016Q4, valued at $47.45M, up from 403,484 at the end of the previous reported quarter. First Quadrant LP who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $168.48B market cap company. The stock rose 0.19% or $0.22 reaching $117.51 per share. About 47,567 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since June 20, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

First Quadrant L P, which manages about $16.82 billion and $4.86B US Long portfolio, decreased its stake in Southwest Airlines Co (NYSE:LUV) by 392,933 shares to 186,597 shares, valued at $9.30 million in 2016Q4, according to the filing. It also reduced its holding in Thor Industries Inc (NYSE:THO) by 74,210 shares in the quarter, leaving it with 43,690 shares, and cut its stake in Westar Energy Inc (NYSE:WR).

More notable recent PepsiCo, Inc. (NYSE:PEP) news were published by: Seekingalpha.com which released: “PepsiCo: Don’t Short It” on June 12, 2017, also Forbes.com with their article: “Ex-Dividend Reminder: PepsiCo, Royal Caribbean Cruises and Nike” published on May 30, 2017, Seekingalpha.com published: “PepsiCo: Hot Not Only For Income Seekers” on May 30, 2017. More interesting news about PepsiCo, Inc. (NYSE:PEP) were released by: Fool.com and their article: “Better Buy: PepsiCo, Inc. vs. Kimberly-Clark Corp” published on May 24, 2017 as well as Seekingalpha.com‘s news article titled: “PepsiCo Stock: Buy And Hold Forever” with publication date: June 01, 2017.

PepsiCo, Inc. (NYSE:PEP) Ratings Coverage

Among 16 analysts covering PepsiCo (NYSE:PEP), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. PepsiCo had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Friday, April 28. The firm has “Buy” rating by Jefferies given on Friday, September 30. The firm has “Neutral” rating given on Monday, November 23 by Nomura. The stock of PepsiCo, Inc. (NYSE:PEP) has “Buy” rating given on Wednesday, October 7 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, April 19 by Barclays Capital. Deutsche Bank maintained PepsiCo, Inc. (NYSE:PEP) rating on Friday, July 8. Deutsche Bank has “Buy” rating and $120 target. The rating was downgraded by Sterne Agee CRT on Friday, February 26 to “Neutral”. The firm has “Positive” rating by Susquehanna given on Wednesday, April 12. The stock of PepsiCo, Inc. (NYSE:PEP) has “Buy” rating given on Thursday, March 23 by BMO Capital Markets. The company was maintained on Wednesday, October 7 by S&P Research.

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