Azimuth Capital Management Has Cut Stake in Pepsico (PEP) by $1.04 Million; Cipher Capital LP Has Upped Its Aspen Insurance Holdings LTD (AHL) Holding

May 22, 2018 - By Darrin Black

Aspen Insurance Holdings Limited (NYSE:AHL) Logo

Cipher Capital Lp increased its stake in Aspen Insurance Holdings Ltd (AHL) by 275.16% based on its latest 2017Q4 regulatory filing with the SEC. Cipher Capital Lp bought 16,064 shares as the company’s stock rose 5.31% while stock markets declined. The hedge fund held 21,902 shares of the property-casualty insurers company at the end of 2017Q4, valued at $889,000, up from 5,838 at the end of the previous reported quarter. Cipher Capital Lp who had been investing in Aspen Insurance Holdings Ltd for a number of months, seems to be bullish on the $2.58 billion market cap company. The stock decreased 0.35% or $0.15 during the last trading session, reaching $43.3. About 720,123 shares traded. Aspen Insurance Holdings Limited (NYSE:AHL) has declined 18.14% since May 22, 2017 and is downtrending. It has underperformed by 29.69% the S&P500.

Azimuth Capital Management Llc decreased its stake in Pepsico Inc (PEP) by 3.5% based on its latest 2017Q4 regulatory filing with the SEC. Azimuth Capital Management Llc sold 8,750 shares as the company’s stock declined 9.24% with the market. The institutional investor held 241,376 shares of the consumer non-durables company at the end of 2017Q4, valued at $28.95M, down from 250,126 at the end of the previous reported quarter. Azimuth Capital Management Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $141.69B market cap company. The stock increased 0.42% or $0.42 during the last trading session, reaching $99.93. About 6.19 million shares traded or 26.41% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 22, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Among 5 analysts covering Aspen Insurance Holdings Ltd (NYSE:AHL), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Aspen Insurance Holdings Ltd had 12 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 11 by Buckingham Research. The firm earned “Neutral” rating on Monday, January 9 by UBS. The stock has “Neutral” rating by UBS on Tuesday, September 19. The rating was maintained by UBS on Friday, January 26 with “Neutral”. As per Thursday, December 10, the company rating was initiated by Piper Jaffray. The stock of Aspen Insurance Holdings Limited (NYSE:AHL) has “Equal-Weight” rating given on Thursday, July 27 by Barclays Capital. On Thursday, October 5 the stock rating was maintained by Buckingham Research with “Reduce”. The firm earned “Hold” rating on Friday, November 6 by Deutsche Bank. UBS maintained it with “Neutral” rating and $43 target in Monday, October 2 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 16.

Another recent and important Aspen Insurance Holdings Limited (NYSE:AHL) news was published by Businesswire.com which published an article titled: “Aspen Declares Dividends on Ordinary Shares and Preference Shares” on May 02, 2018.

Cipher Capital Lp, which manages about $339.00M and $1.26B US Long portfolio, decreased its stake in Pitney Bowes Inc (NYSE:PBI) by 93,674 shares to 155,647 shares, valued at $1.74M in 2017Q4, according to the filing. It also reduced its holding in Flir Sys Inc (NASDAQ:FLIR) by 17,932 shares in the quarter, leaving it with 40,211 shares, and cut its stake in Zoetis Inc (NYSE:ZTS).

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.06, from 1.05 in 2017Q3. It dropped, as 37 investors sold AHL shares while 62 reduced holdings. 36 funds opened positions while 62 raised stakes. 54.98 million shares or 2.57% more from 53.60 million shares in 2017Q3 were reported. Mason Street Advsrs Ltd Liability, a Wisconsin-based fund reported 29,268 shares. Balyasny Asset Mgmt holds 0.01% or 52,010 shares. Pinnacle Assoc Limited reported 0.01% in Aspen Insurance Holdings Limited (NYSE:AHL). Comerica Bancorporation, Michigan-based fund reported 235,122 shares. First Advsrs LP owns 0.09% invested in Aspen Insurance Holdings Limited (NYSE:AHL) for 931,855 shares. Susquehanna Intl Group Inc Inc Ltd Liability Partnership reported 0% stake. Carlson Cap LP stated it has 0.13% in Aspen Insurance Holdings Limited (NYSE:AHL). Bragg Advisors invested in 10,120 shares. Goldman Sachs Group Inc Inc has 654,966 shares. Ing Groep Nv reported 8,964 shares. State Treasurer State Of Michigan invested in 0.01% or 21,400 shares. Cubist Systematic Strategies Limited Co owns 19,371 shares or 0.04% of their US portfolio. California Public Employees Retirement holds 221,872 shares or 0.01% of its portfolio. Quantitative Systematic Strategies Ltd Liability invested in 0.26% or 25,576 shares. Pnc Fincl Serv holds 4,845 shares or 0% of its portfolio.

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 company was maintained on Tuesday, September 5 by RBC Capital Markets. Stifel Nicolaus maintained PepsiCo, Inc. (NASDAQ:PEP) on Friday, April 27 with “Hold” rating. The company was maintained on Wednesday, October 7 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, February 12 by Susquehanna. On Friday, July 8 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Hold” rating on Wednesday, September 6 by BMO Capital Markets. The firm has “Buy” rating by Cowen & Co given on Thursday, August 10. On Thursday, January 4 the stock rating was maintained by Wells Fargo with “Hold”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Tuesday, July 11 by Cowen & Co. The firm earned “Neutral” rating on Friday, September 8 by Credit Suisse.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on July, 10. They expect $1.52 earnings per share, up 1.33% or $0.02 from last year’s $1.5 per share. PEP’s profit will be $2.16 billion for 16.44 P/E if the $1.52 EPS becomes a reality. After $0.96 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

Azimuth Capital Management Llc, which manages about $1.39B US Long portfolio, upped its stake in Kimberly (NYSE:KMB) by 2,890 shares to 66,559 shares, valued at $8.03 million in 2017Q4, according to the filing. It also increased its holding in Walgreens Boots Alliance Inc by 5,991 shares in the quarter, for a total of 125,604 shares, and has risen its stake in Dbs Group (DBSDY).

More news for PepsiCo, Inc. (NASDAQ:PEP) were recently published by: Prnewswire.com, which released: “PepsiCo, Inc. to Withdraw Chicago Stock Exchange Listing; Retains Nasdaq Listing” on May 18, 2018. Nasdaq.com‘s article titled: “HP Showcases Growth in High-Volume 3D Printing Deployments and Breakthrough Applications for Manufacturing” and published on May 22, 2018 is yet another important article.

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

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