First Republic Investment Management INC Cut Position in Pepsico INC (PEP) as Share Value Declined

July 14, 2018 - By Brian Ramirez

PepsiCo, Inc. (NASDAQ:PEP) LogoInvestors sentiment is 0.86 in 2018 Q1. 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. Legacy Incorporated reported 20,463 shares. The Massachusetts-based Massachusetts Fin Ma has invested 0.39% in PepsiCo, Inc. (NASDAQ:PEP). Fulton Breakefield Broenniman Limited Liability Corp owns 76,810 shares. Polaris Greystone Grp Inc Ltd has 0.01% invested in PepsiCo, Inc. (NASDAQ:PEP). Hemenway Trust Ltd Liability has 12,328 shares. Chemical Financial Bank holds 0.83% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 69,557 shares. Winfield Associates owns 0.33% invested in PepsiCo, Inc. (NASDAQ:PEP) for 5,550 shares. Research Global Invsts reported 7.46 million shares. American Registered Inv Advisor Inc owns 0.76% invested in PepsiCo, Inc. (NASDAQ:PEP) for 13,998 shares. Hengehold Capital Management Limited Co holds 0.1% in PepsiCo, Inc. (NASDAQ:PEP) or 3,421 shares. 2,357 were accumulated by Tradewinds Cap Mgmt Ltd Liability Corp. Waddell Reed Fincl owns 275,000 shares. Carret Asset Mngmt Limited Liability Company reported 1.48% in PepsiCo, Inc. (NASDAQ:PEP). Dekabank Deutsche Girozentrale reported 0.96% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Wharton Business Gru Limited Liability Company stated it has 3,945 shares.

First Republic Investment Management Inc decreased its stake in Pepsico Inc (PEP) by 3.17% based on its latest 2018Q1 regulatory filing with the SEC. First Republic Investment Management Inc sold 40,635 shares as the company’s stock declined 9.58% with the market. The hedge fund held 1.24M shares of the consumer non-durables company at the end of 2018Q1, valued at $135.53M, down from 1.28M at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $159.78 billion market cap company. The stock increased 1.04% or $1.16 during the last trading session, reaching $112.69. About 3.57 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since July 14, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

First Republic Investment Management Inc, which manages about $25.99 billion and $12.66B US Long portfolio, upped its stake in Vanguard Index Fds (VOT) by 30,107 shares to 271,967 shares, valued at $35.25M in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (HDV) by 115,354 shares in the quarter, for a total of 193,735 shares, and has risen its stake in Concho Res Inc (NYSE:CXO).

More news for PepsiCo, Inc. (NASDAQ:PEP) were recently published by: Nasdaq.com, which released: “Mid-Day Market Update: Dow Rises Over 150 Points; Spero Therapeutics Shares Plunge” on July 10, 2018. Streetinsider.com‘s article titled: “PepsiCo (PEP) Declares $0.9275 Quarterly Dividend; 3.3% Yield” and published on July 13, 2018 is yet another important article.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 10 analysts covering PepsiCo (NYSE:PEP), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. PepsiCo has $140.0 highest and $110 lowest target. $123.33’s average target is 9.44% above currents $112.69 stock price. PepsiCo had 10 analyst reports since January 29, 2018 according to SRatingsIntel. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “In-Line” rating by Evercore on Wednesday, February 14. Deutsche Bank downgraded the shares of PEP in report on Tuesday, July 3 to “Hold” rating. As per Monday, February 12, the company rating was maintained by Susquehanna. Stifel Nicolaus maintained PepsiCo, Inc. (NASDAQ:PEP) on Friday, April 27 with “Hold” rating. Citigroup maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, July 11 with “Neutral” rating. The stock has “Overweight” rating by Morgan Stanley on Wednesday, July 11. The firm has “Hold” rating by Credit Suisse given on Thursday, February 1. JP Morgan maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, February 14 with “Overweight” rating. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 17.

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

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