Hrt Financial Decreased Its Pepsico (PEP) Position by $1.30 Million as Share Price Declined; Virtus Investment Advisers Lowered Its Holding in Southwest Airls Co (LUV) by $926,856 as Valuation Declined

May 18, 2018 - By Darrin Black

PepsiCo, Inc. (NASDAQ:PEP) Logo

Virtus Investment Advisers Inc decreased its stake in Southwest Airls Co (LUV) by 59.56% based on its latest 2017Q4 regulatory filing with the SEC. Virtus Investment Advisers Inc sold 38,619 shares as the company’s stock declined 14.07% with the market. The institutional investor held 26,224 shares of the air freight and delivery services company at the end of 2017Q4, valued at $638,000, down from 64,843 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Southwest Airls Co for a number of months, seems to be less bullish one the $30.42 billion market cap company. The stock decreased 1.02% or $0.54 during the last trading session, reaching $52.47. About 6.22 million shares traded or 20.71% up from the average. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since May 18, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Hrt Financial Llc decreased its stake in Pepsico Inc (PEP) by 81.12% based on its latest 2017Q4 regulatory filing with the SEC. Hrt Financial Llc sold 10,933 shares as the company’s stock declined 9.24% with the market. The institutional investor held 2,545 shares of the consumer non-durables company at the end of 2017Q4, valued at $305,000, down from 13,478 at the end of the previous reported quarter. Hrt Financial Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $138.84B market cap company. The stock increased 0.75% or $0.73 during the last trading session, reaching $97.92. About 4.29M shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 18, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.08, from 0.94 in 2017Q3. It worsened, 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. 27,570 were reported by Highstreet Asset. Prudential Public Llc invested in 0.45% or 1.24 million shares. Moreover, Boltwood Mngmt has 0.94% invested in PepsiCo, Inc. (NASDAQ:PEP) for 12,872 shares. Ballentine Prtn Lc holds 27,762 shares or 0.18% of its portfolio. Farmers & Merchants Invs owns 150,004 shares or 1.31% of their US portfolio. Carroll Associates has invested 0.3% in PepsiCo, Inc. (NASDAQ:PEP). Zeke Capital Advsrs Lc holds 0.32% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 25,191 shares. New York-based Ibm Retirement Fund has invested 0.79% in PepsiCo, Inc. (NASDAQ:PEP). Bokf Na invested in 200,005 shares or 0.66% of the stock. Moreover, Grandfield & Dodd Ltd Llc has 0.46% invested in PepsiCo, Inc. (NASDAQ:PEP). Alphaone Inv Services Lc has invested 0.01% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Los Angeles Mngmt Equity Rech Inc holds 773,674 shares. Moreover, Hallmark Cap Mgmt has 0.28% invested in PepsiCo, Inc. (NASDAQ:PEP). 784,766 are owned by Amer Intll Group. Tudor Inv Et Al has invested 0.02% in PepsiCo, Inc. (NASDAQ:PEP).

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 $2.16B for 16.11 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.

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. As per Monday, January 9, the company rating was initiated by Barclays Capital. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Goldman Sachs on Tuesday, April 19. The firm has “Buy” rating by Susquehanna given on Monday, February 12. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by Jefferies on Thursday, January 4. The stock has “Buy” rating by Cowen & Co on Thursday, August 10. The firm earned “Neutral” rating on Friday, September 8 by Credit Suisse. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. Credit Suisse maintained it with “Neutral” rating and $122 target in Thursday, October 5 report. The firm has “Neutral” rating given on Monday, November 23 by Nomura. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with “Hold”.

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Nasdaq.com which published an article titled: “Ackman Has a Point About United Technologies Corporation Stock” on May 18, 2018.

Among 20 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Southwest Airlines Co. had 74 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Imperial Capital on Friday, January 27. The firm has “Buy” rating by Deutsche Bank given on Friday, October 23. The rating was maintained by Cowen & Co on Friday, July 24 with “Outperform”. Stifel Nicolaus maintained it with “Buy” rating and $80.0 target in Thursday, August 24 report. Morgan Stanley maintained Southwest Airlines Co. (NYSE:LUV) on Thursday, August 17 with “Overweight” rating. The firm earned “Buy” rating on Tuesday, July 26 by Evercore. Imperial Capital maintained it with “Outperform” rating and $57 target in Tuesday, November 22 report. JP Morgan downgraded the shares of LUV in report on Tuesday, January 30 to “Neutral” rating. The company was downgraded on Friday, July 22 by Buckingham Research. The stock has “Buy” rating by Stephens on Thursday, March 29.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It increased, as 43 investors sold LUV shares while 274 reduced holdings. 116 funds opened positions while 188 raised stakes. 452.86 million shares or 2.65% more from 441.14 million shares in 2017Q3 were reported. Nomura Asset Mngmt reported 23,738 shares. State Of Tennessee Treasury Department, a Tennessee-based fund reported 689,720 shares. Morgan Stanley holds 0.05% or 2.83 million shares. Amer Century Cos stated it has 0.01% in Southwest Airlines Co. (NYSE:LUV). Stone Ridge Asset Mngmt Ltd has invested 0.14% in Southwest Airlines Co. (NYSE:LUV). Hendley Communications, a Ohio-based fund reported 65,585 shares. Intrust Savings Bank Na holds 0.06% or 3,246 shares. Old Mutual Glob Invsts (Uk) Ltd has 0.1% invested in Southwest Airlines Co. (NYSE:LUV). First Financial In holds 0.01% or 300 shares in its portfolio. 43 were reported by Lenox Wealth Advsrs Inc. Plante Moran Fincl Advisors Ltd Llc invested in 0.01% or 238 shares. Amica Pension Fund Board Of Trustees invested in 0.32% or 42,070 shares. Aureus Asset Management Lc holds 0.06% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 6,289 shares. Alpha Windward Limited Liability Corporation reported 61 shares stake. Stonebridge Capital Advsr Ltd Co accumulated 0.08% or 5,579 shares.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on July, 26. They expect $1.38 earnings per share, up 11.29% or $0.14 from last year’s $1.24 per share. LUV’s profit will be $800.12 million for 9.51 P/E if the $1.38 EPS becomes a reality. After $0.75 actual earnings per share reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 84.00% EPS growth.

Virtus Investment Advisers Inc, which manages about $40.49B and $917.75M US Long portfolio, upped its stake in Leggett & Platt Inc (NYSE:LEG) by 46,980 shares to 105,997 shares, valued at $2.49 million in 2017Q4, according to the filing. It also increased its holding in Pulte Group Inc (NYSE:PHM) by 135,504 shares in the quarter, for a total of 141,531 shares, and has risen its stake in Moodys Corp (NYSE:MCO).

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

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