As Pepsico INC (PEP) Market Valuation Rose, Shareholder Glenmede Trust Company Na Has Decreased Its Stake by $57.02 Million

December 19, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.09, from 0.84 in 2017Q1. It dived, as 44 investors sold PEP shares while 778 reduced holdings. 117 funds opened positions while 502 raised stakes. 974.57 million shares or 0.37% less from 978.18 million shares in 2017Q1 were reported. Hills National Bank Tru Com holds 2.06% of its portfolio in Pepsico, Inc. (NYSE:PEP) for 55,183 shares. Manchester Capital Mngmt Limited Com holds 0.13% or 6,910 shares. 2,000 are held by Stone Run Capital Ltd Liability Co. Moreover, Montecito Bank Tru has 0.64% invested in Pepsico, Inc. (NYSE:PEP) for 15,358 shares. Daiwa Secs Grp Incorporated, a Japan-based fund reported 69,215 shares. Levin Strategies LP owns 3,737 shares for 0.01% of their portfolio. Navellier & Assocs owns 4,318 shares. Scott Selber stated it has 2,975 shares or 0.21% of all its holdings. Paradigm Asset Lc owns 0% invested in Pepsico, Inc. (NYSE:PEP) for 37,821 shares. Fic Capital Inc reported 6,664 shares stake. Natl Asset Mngmt holds 14,325 shares. Tompkins Fincl owns 33,600 shares or 0.98% of their US portfolio. Wunderlich Capital Managemnt invested in 1.13% or 13,134 shares. Grimes And Communication Incorporated accumulated 12,397 shares. Capstone Invest Advisors Ltd Co, a New York-based fund reported 16,000 shares.

Since August 7, 2017, it had 0 buys, and 2 selling transactions for $7.21 million activity. Gallagher Marie T. sold 41,489 shares worth $4.84 million.

Glenmede Trust Company Na decreased its stake in Pepsico Inc (PEP) by 24.08% based on its latest 2017Q2 regulatory filing with the SEC. Glenmede Trust Company Na sold 513,715 shares as the company’s stock rose 5.12% with the market. The institutional investor held 1.62 million shares of the consumer non-durables company at the end of 2017Q2, valued at $181.13 million, down from 2.13M at the end of the previous reported quarter. Glenmede Trust Company Na who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $168.41 billion market cap company. The stock increased 0.31% or $0.37 during the last trading session, reaching $118.42. About 493,420 shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since December 19, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Glenmede Trust Company Na, which manages about $20.93 billion US Long portfolio, upped its stake in Essilor Intl (ESLOY) by 52,141 shares to 52,399 shares, valued at $3.19 million in 2017Q2, according to the filing. It also increased its holding in Icu Med Inc Com (NASDAQ:ICUI) by 121,767 shares in the quarter, for a total of 352,195 shares, and has risen its stake in Helen Of Troy Corp Ltd Com (NASDAQ:HELE).

Analysts await Pepsico, Inc. (NYSE:PEP) to report earnings on February, 21. They expect $1.30 earnings per share, up 8.33 % or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85 billion for 22.77 P/E if the $1.30 EPS becomes a reality. After $1.48 actual earnings per share reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16 % negative EPS growth.

More notable recent Pepsico, Inc. (NYSE:PEP) news were published by: Seekingalpha.com which released: “Let Pepsi Refresh Your Income Portfolio” on December 17, 2017, also Seekingalpha.com with their article: “Dividend Aristocrats In Focus Part 49: PepsiCo” published on November 24, 2017, Usnews.com published: “Pepsi Is All In on the Tesla Semi” on December 12, 2017. More interesting news about Pepsico, Inc. (NYSE:PEP) were released by: Reuters.com and their article: “BRIEF-PepsiCo Inc To Move Stock Exchange Listing To Nasdaq” published on December 08, 2017 as well as Reuters.com‘s news article titled: “PepsiCo to move to Nasdaq after nearly a century with NYSE” with publication date: December 08, 2017.

Pepsico, Inc. (NYSE:PEP) Ratings Coverage

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. PepsiCo had 58 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $115.0 target in Friday, November 10 report. As per Thursday, July 6, the company rating was maintained by Susquehanna. The firm has “Buy” rating by Deutsche Bank given on Friday, July 8. The rating was maintained by Goldman Sachs on Tuesday, April 19 with “Neutral”. The stock has “Hold” rating by Jefferies on Monday, October 2. Jefferies maintained Pepsico, Inc. (NYSE:PEP) rating on Monday, September 18. Jefferies has “Buy” rating and $133.0 target. Jefferies maintained it with “Buy” rating and $133.0 target in Tuesday, August 15 report. Nomura upgraded the shares of PEP in report on Monday, November 23 to “Neutral” rating. Credit Suisse maintained the stock with “Buy” rating in Friday, April 28 report. The stock has “Buy” rating by Societe Generale on Monday, December 12.

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