As Pepsico (PEP) Stock Declined, Madison Investment Holdings Has Raised by $3.45 Million Its Stake; Principal Financial Group Stake in Colgate Palmolive Co (CL) Has Cut as Valuation Declined

May 24, 2018 - By wolcottdaily

PepsiCo, Inc. (NASDAQ:PEP) Logo

Madison Investment Holdings Inc increased its stake in Pepsico Inc. (PEP) by 18.45% based on its latest 2017Q4 regulatory filing with the SEC. Madison Investment Holdings Inc bought 29,010 shares as the company’s stock declined 9.24% with the market. The institutional investor held 186,211 shares of the consumer non-durables company at the end of 2017Q4, valued at $22.33 million, up from 157,201 at the end of the previous reported quarter. Madison Investment Holdings Inc who had been investing in Pepsico Inc. for a number of months, seems to be bullish on the $141.79 billion market cap company. The stock decreased 0.44% or $0.445 during the last trading session, reaching $100.005. About 2.67 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 24, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Principal Financial Group Inc decreased its stake in Colgate Palmolive Co (CL) by 10.65% based on its latest 2017Q4 regulatory filing with the SEC. Principal Financial Group Inc sold 268,936 shares as the company’s stock declined 7.81% with the market. The institutional investor held 2.26 million shares of the package goods and cosmetics company at the end of 2017Q4, valued at $170.28M, down from 2.53M at the end of the previous reported quarter. Principal Financial Group Inc who had been investing in Colgate Palmolive Co for a number of months, seems to be less bullish one the $54.46 billion market cap company. The stock decreased 0.47% or $0.3 during the last trading session, reaching $62.42. About 1.70 million shares traded. Colgate-Palmolive Company (NYSE:CL) has declined 5.65% since May 24, 2017 and is downtrending. It has underperformed by 17.20% the S&P500.

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. The stock has “Buy” rating by Jefferies on Monday, September 18. On Thursday, October 5 the stock rating was maintained by Credit Suisse with “Neutral”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Sector Perform” rating given on Wednesday, October 7 by RBC Capital Markets. JP Morgan initiated the shares of PEP in report on Tuesday, March 21 with “Overweight” rating. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 5. Wells Fargo maintained PepsiCo, Inc. (NASDAQ:PEP) on Thursday, January 4 with “Hold” rating. Nomura upgraded PepsiCo, Inc. (NASDAQ:PEP) on Monday, November 23 to “Neutral” rating. The firm has “Positive” rating by Susquehanna given on Wednesday, April 12. The firm earned “Buy” rating on Thursday, March 23 by BMO Capital Markets. The company was maintained on Wednesday, October 7 by UBS.

Madison Investment Holdings Inc, which manages about $5.86 billion US Long portfolio, decreased its stake in Eog Resources Inc. (NYSE:EOG) by 9,500 shares to 204,827 shares, valued at $22.10M in 2017Q4, according to the filing. It also reduced its holding in Qualcomm Inc. (NASDAQ:QCOM) by 80,067 shares in the quarter, leaving it with 207,718 shares, and cut its stake in Exxon Mobil Corporation (NYSE:XOM).

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Fool.com which published an article titled: “These Companies Gave Bonuses or Raises After Tax Reform” on May 24, 2018.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.08, from 0.94 in 2017Q3. It fall, 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. Live Your Vision Limited Liability Corp owns 110 shares. Omers Administration Corp owns 74,736 shares. The Pennsylvania-based Vantage Ltd Liability Company has invested 2.98% in PepsiCo, Inc. (NASDAQ:PEP). Royal National Bank & Trust Of Canada owns 5.48 million shares for 0.29% of their portfolio. The New Jersey-based Blackhill Capital Inc has invested 0.02% in PepsiCo, Inc. (NASDAQ:PEP). 11,150 are held by Godshalk Welsh Mgmt. Moreover, Chilton Mgmt Ltd Liability Corporation has 0.94% invested in PepsiCo, Inc. (NASDAQ:PEP) for 85,621 shares. First Personal Fincl Ser owns 41,613 shares. Hussman Strategic Advisors Incorporated invested in 25,000 shares. Ruggie Grp accumulated 0.05% or 632 shares. Private Harbour Counsel Ltd Liability Co, a Ohio-based fund reported 16,750 shares. Amalgamated Bancorp owns 187,668 shares. Moreover, Legal General Gp Public Limited Company has 0.61% invested in PepsiCo, Inc. (NASDAQ:PEP) for 7.08 million shares. Comml Bank Of Nova Scotia invested in 0.41% or 751,815 shares. Jbf Cap Inc holds 0.32% or 21,000 shares in its portfolio.

Since December 13, 2017, it had 0 insider purchases, and 25 sales for $43.37 million activity. 142,979 shares were sold by MOISON FRANCK J, worth $10.02 million on Monday, February 5. Shares for $180,521 were sold by Deoras Mukul. JAKOBSEN HENNING I had sold 36,215 shares worth $2.58M. The insider Wallace Noel R. sold $9.32 million. Dolan Victoria L had sold 1,722 shares worth $120,830. Shares for $346,581 were sold by HANCOCK ELLEN M on Wednesday, January 31.

More news for Colgate-Palmolive Company (NYSE:CL) were recently published by: Benzinga.com, which released: “Morgan Stanley Shifts To Neutral On Colgate-Palmolive, Cites Emerging Markets Weakness” on April 30, 2018. Seekingalpha.com‘s article titled: “Colgate-Palmolive: A Consumer Defensive Heavyweight” and published on May 14, 2018 is yet another important article.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on July, 20. They expect $0.79 EPS, up 9.72% or $0.07 from last year’s $0.72 per share. CL’s profit will be $689.19 million for 19.75 P/E if the $0.79 EPS becomes a reality. After $0.74 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 6.76% EPS growth.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.03, from 0.9 in 2017Q3. It dived, as 56 investors sold CL shares while 444 reduced holdings. 98 funds opened positions while 335 raised stakes. 606.34 million shares or 1.77% less from 617.24 million shares in 2017Q3 were reported. 4,605 are held by Page Arthur B. Covington Cap invested 0.69% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Foothills Asset Mgmt Ltd holds 0.92% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 16,048 shares. Benchmark Capital Advsr reported 5,066 shares. Harding Loevner LP holds 1.03% or 2.40 million shares. Adams Diversified Equity Fund owns 156,600 shares. Wealthfront Incorporated reported 34,199 shares stake. Amalgamated Bankshares has invested 0.22% in Colgate-Palmolive Company (NYSE:CL). Nj State Employees Deferred Compensation Plan owns 40,000 shares. Connecticut-based Virtus Inv Advisers has invested 0.05% in Colgate-Palmolive Company (NYSE:CL). Hartline Investment Corp owns 4,034 shares for 0.08% of their portfolio. Oakmont Prtn Ltd Com accumulated 0.11% or 2,719 shares. Old Second State Bank Of Aurora invested in 1,474 shares or 0.04% of the stock. Ashfield Cap Partners Lc invested in 0.1% or 9,908 shares. Baldwin Inv Ltd Liability Company accumulated 8,830 shares or 0.24% of the stock.

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 5 have Buy rating, 1 Sell and 19 Hold. Therefore 20% are positive. Colgate-Palmolive had 70 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Tuesday, May 30 report. The stock of Colgate-Palmolive Company (NYSE:CL) has “Neutral” rating given on Friday, July 29 by BNP Paribas. Macquarie Research upgraded Colgate-Palmolive Company (NYSE:CL) on Tuesday, December 19 to “Outperform” rating. As per Friday, April 29, the company rating was maintained by UBS. On Monday, January 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. Citigroup maintained Colgate-Palmolive Company (NYSE:CL) rating on Thursday, April 14. Citigroup has “Buy” rating and $82 target. B. Riley & Co maintained Colgate-Palmolive Company (NYSE:CL) on Friday, October 28 with “Neutral” rating. KeyBanc Capital Markets initiated Colgate-Palmolive Company (NYSE:CL) on Friday, September 9 with “Sector Weight” rating. As per Monday, January 18, the company rating was upgraded by BNP Paribas. The firm earned “Hold” rating on Monday, October 30 by Jefferies.

Colgate-Palmolive Company (NYSE:CL) Institutional Positions Chart

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