Meiji Yasuda Asset Management Company LTD Position in Kellogg Co (K) Lowered by $396,800 as Market Value Declined; Rnc Capital Management Lowered Its Pepsico (PEP) Stake as Share Price Rose

January 14, 2018 - By Kurt Siggers

Rnc Capital Management Llc decreased its stake in Pepsico Incorporated (PEP) by 5.78% based on its latest 2017Q3 regulatory filing with the SEC. Rnc Capital Management Llc sold 2,997 shares as the company’s stock rose 5.12% with the market. The institutional investor held 48,872 shares of the consumer non-durables company at the end of 2017Q3, valued at $5.45M, down from 51,869 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Pepsico Incorporated for a number of months, seems to be less bullish one the $166.93B market cap company. The stock increased 0.43% or $0.5 during the last trading session, reaching $117.38. About 4.34 million shares traded or 26.22% up from the average. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 14, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Meiji Yasuda Asset Management Company Ltd decreased its stake in Kellogg Co (K) by 20.46% based on its latest 2017Q3 regulatory filing with the SEC. Meiji Yasuda Asset Management Company Ltd sold 6,400 shares as the company’s stock declined 2.57% while stock markets rallied. The institutional investor held 24,885 shares of the packaged foods company at the end of 2017Q3, valued at $1.55M, down from 31,285 at the end of the previous reported quarter. Meiji Yasuda Asset Management Company Ltd who had been investing in Kellogg Co for a number of months, seems to be less bullish one the $22.35B market cap company. The stock decreased 1.96% or $1.29 during the last trading session, reaching $64.69. About 4.94M shares traded or 42.70% up from the average. Kellogg Company (NYSE:K) has declined 5.60% since January 14, 2017 and is downtrending. It has underperformed by 22.30% the S&P500.

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

Rnc Capital Management Llc, which manages about $4.08 billion and $1.33 billion US Long portfolio, upped its stake in Altria Group Inc (NYSE:MO) by 4,986 shares to 574,610 shares, valued at $36.44M in 2017Q3, according to the filing. It also increased its holding in Adr by 9,315 shares in the quarter, for a total of 476,484 shares, and has risen its stake in Amgen Inc (NASDAQ:AMGN).

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It increased, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Pinnacle Wealth Mgmt Advisory Lc stated it has 0.28% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). 2,620 were accumulated by Cwm Ltd Liability Company. Winslow Evans & Crocker owns 6,806 shares. Edgemoor Investment Advisors Incorporated reported 8,207 shares. The Massachusetts-based Birch Hill Investment Advisors has invested 0.92% in Pepsico, Inc. (NASDAQ:PEP). Greenwood Capital Assoc Limited, South Carolina-based fund reported 50,137 shares. Bedrijfstakpensioenfonds Voor De Media Pno stated it has 0.49% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Aristotle Management Lc holds 0.04% or 42,359 shares in its portfolio. City invested in 0.86% or 22,995 shares. Prudential Financial invested 0.8% in Pepsico, Inc. (NASDAQ:PEP). Oxbow Lc owns 0.23% invested in Pepsico, Inc. (NASDAQ:PEP) for 10,701 shares. Moreover, Bancorporation has 0.35% invested in Pepsico, Inc. (NASDAQ:PEP) for 10,572 shares. Pinnacle Associate holds 91,683 shares or 0.19% of its portfolio. Robecosam Ag invested 0.5% in Pepsico, Inc. (NASDAQ:PEP). Integral Derivatives Ltd Limited Liability Company reported 3,579 shares or 0.01% of all its holdings.

Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained it with “Neutral” rating and $105 target in Tuesday, April 19 report. Citigroup maintained Pepsico, Inc. (NASDAQ:PEP) on Tuesday, April 19 with “Neutral” rating. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Jefferies maintained the stock with “Buy” rating in Friday, September 30 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 5. The firm has “Buy” rating given on Thursday, August 10 by Cowen & Co. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, October 12 report. The stock of Pepsico, Inc. (NASDAQ:PEP) has “Market Perform” rating given on Wednesday, June 7 by BMO Capital Markets. The stock has “Buy” rating by Jefferies on Thursday, June 22. The stock has “Overweight” rating by JP Morgan on Tuesday, March 21.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 EPS, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85B for 22.57 P/E if the $1.30 EPS becomes a reality. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Since December 13, 2017, it had 0 insider purchases, and 1 insider sale for $165.17 billion activity.

Meiji Yasuda Asset Management Company Ltd, which manages about $1.02 billion US Long portfolio, upped its stake in Capital One Finl Corp (NYSE:COF) by 5,420 shares to 13,716 shares, valued at $1.16 million in 2017Q3, according to the filing. It also increased its holding in Deere & Co (NYSE:DE) by 2,500 shares in the quarter, for a total of 5,985 shares, and has risen its stake in Discover Finl Svcs (NYSE:DFS).

Investors sentiment increased to 0.86 in Q3 2017. Its up 0.03, from 0.83 in 2017Q2. It increased, as 60 investors sold K shares while 205 reduced holdings. 47 funds opened positions while 180 raised stakes. 307.00 million shares or 3.54% more from 296.50 million shares in 2017Q2 were reported. Jpmorgan Chase And Co accumulated 215,356 shares. Paloma Company holds 0.08% of its portfolio in Kellogg Company (NYSE:K) for 96,497 shares. Advisor Partners Limited, a California-based fund reported 3,398 shares. Sumitomo Mitsui Asset invested 0.02% in Kellogg Company (NYSE:K). Public Sector Pension Inv Board has 0.01% invested in Kellogg Company (NYSE:K). Glob Thematic Prns Lc, a New York-based fund reported 1.36M shares. Dubuque Bancorporation & Tru Company has 300 shares. Oregon Employees Retirement Fund reported 0.03% of its portfolio in Kellogg Company (NYSE:K). Caxton Associates Lp has invested 0.02% in Kellogg Company (NYSE:K). Moreover, Northcoast Asset Lc has 0.16% invested in Kellogg Company (NYSE:K). 4,220 were accumulated by Pioneer Trust Bancorp N A Or. Nebraska-based Ameritas Inv Partners has invested 0.02% in Kellogg Company (NYSE:K). Miller Inv Mgmt Lp holds 12,500 shares. Scotia Capital invested in 0.05% or 56,282 shares. Winslow Evans & Crocker owns 666 shares.

Among 23 analysts covering Kellogg Company (NYSE:K), 8 have Buy rating, 1 Sell and 14 Hold. Therefore 35% are positive. Kellogg Company had 61 analyst reports since August 5, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, October 13 report. RBC Capital Markets maintained Kellogg Company (NYSE:K) on Wednesday, October 18 with “Hold” rating. The firm has “Underperform” rating given on Tuesday, March 21 by Bernstein. The stock of Kellogg Company (NYSE:K) earned “Overweight” rating by JP Morgan on Friday, August 4. The firm has “Buy” rating by Buckingham Research given on Wednesday, November 1. Argus Research upgraded Kellogg Company (NYSE:K) rating on Wednesday, November 22. Argus Research has “Buy” rating and $73.0 target. The firm has “Neutral” rating given on Wednesday, March 16 by Goldman Sachs. On Friday, October 20 the stock rating was maintained by Credit Suisse with “Neutral”. The company was downgraded on Wednesday, August 5 by Zacks. As per Thursday, April 14, the company rating was maintained by Citigroup.

Analysts await Kellogg Company (NYSE:K) to report earnings on February, 8 before the open. They expect $0.96 EPS, up 4.35% or $0.04 from last year’s $0.92 per share. K’s profit will be $331.66M for 16.85 P/E if the $0.96 EPS becomes a reality. After $1.05 actual EPS reported by Kellogg Company for the previous quarter, Wall Street now forecasts -8.57% negative EPS growth.

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