Smith Asset Management Group LP Lowered Pepsico (PEP) Holding; Entercom Communications Has 7.95 Sentiment

May 25, 2018 - By Hazel Jackson

Entercom Communications Corp. (NYSE:ETM) Logo

Smith Asset Management Group Lp decreased Pepsico Inc (PEP) stake by 3.57% reported in 2017Q4 SEC filing. Smith Asset Management Group Lp sold 3,750 shares as Pepsico Inc (PEP)’s stock declined 9.24%. The Smith Asset Management Group Lp holds 101,323 shares with $12.15 million value, down from 105,073 last quarter. Pepsico Inc now has $142.20B valuation. The stock increased 0.11% or $0.11 during the last trading session, reaching $100.29. About 3.73 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 25, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Entercom Communications Corp (ETM) investors sentiment increased to 7.95 in 2017 Q4. It’s up 6.45, from 1.5 in 2017Q3. The ratio increased, as 159 investment professionals increased and started new holdings, while 20 sold and reduced their holdings in Entercom Communications Corp. The investment professionals in our database now have: 222.30 million shares, up from 25.83 million shares in 2017Q3. Also, the number of investment professionals holding Entercom Communications Corp in top ten holdings increased from 2 to 4 for an increase of 2. Sold All: 9 Reduced: 11 Increased: 67 New Position: 92.

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 16.50 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. Cowen & Co maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Monday, January 8. Cowen & Co has “Buy” rating and $133.0 target. BMO Capital Markets downgraded PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, June 7 to “Market Perform” rating. The company was maintained on Thursday, July 6 by Susquehanna. S&P Research maintained the stock with “Hold” rating in Wednesday, October 7 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 1. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Overweight” rating given on Tuesday, April 19 by JP Morgan. The firm has “Overweight” rating by Barclays Capital given on Tuesday, April 19. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by Stifel Nicolaus on Friday, December 22. The rating was maintained by JP Morgan with “Overweight” on Wednesday, February 14. As per Tuesday, April 19, the company rating was maintained by Citigroup.

Investors sentiment decreased to 0.86 in Q4 2017. 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. First Heartland Consultants has 4,815 shares. 91,270 are owned by Greystone Managed Invests. Rhumbline Advisers holds 2.55M shares or 0.62% of its portfolio. Chilton Capital Mngmt Ltd Liability Corporation holds 0.94% or 85,621 shares in its portfolio. Marshwinds Advisory reported 17,360 shares or 0.96% of all its holdings. Robeco Institutional Asset Management Bv has invested 1.23% in PepsiCo, Inc. (NASDAQ:PEP). Spf Beheer Bv reported 3.12% stake. 2,407 are held by Horan Cap Advsr Limited Liability Com. Rosenbaum Jay D stated it has 2.78% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Zwj Counsel holds 22,235 shares. Covington Advsrs owns 8,420 shares for 0.35% of their portfolio. Meiji Yasuda Asset Mgmt holds 1.09% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 95,751 shares. Montrusco Bolton Investments accumulated 76,008 shares. Cypress Ltd Liability Co (Wy) has 468 shares. White Pine Capital Ltd Liability invested in 0.88% or 19,993 shares.

Smith Asset Management Group Lp increased Petmed Express Inc (NASDAQ:PETS) stake by 13,189 shares to 101,599 valued at $4.62M in 2017Q4. It also upped Pvh Corp (NYSE:PVH) stake by 4,627 shares and now owns 208,540 shares. Biogen Inc (NASDAQ:BIIB) was raised too.

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Seekingalpha.com which released: “Why Is Pepsi At Its 52-Week Lows?” on May 23, 2018, also Seekingalpha.com with their article: “Bert’s Recent Buy: PepsiCo” published on May 06, 2018, Bizjournals.com published: “Frito-Lay adds Bare Snacks to its healthy offerings” on May 25, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Seekingalpha.com and their article: “Recent Purchase: PepsiCo” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Adding Pepsi At 52-Week Lows” with publication date: May 14, 2018.

Venator Capital Management Ltd. holds 12.34% of its portfolio in Entercom Communications Corp. for 1.34 million shares. Mcclain Value Management Llc owns 381,893 shares or 5.45% of their US portfolio. Moreover, Fny Managed Accounts Llc has 4.62% invested in the company for 466,794 shares. The New York-based Harber Asset Management Llc has invested 3.07% in the stock. Weber Alan W, a New York-based fund reported 475,406 shares.

Another recent and important Entercom Communications Corp. (NYSE:ETM) news was published by Seekingalpha.com which published an article titled: “Entercom Communications’ (ETM) CEO David Field on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018.

Analysts await Entercom Communications Corp. (NYSE:ETM) to report earnings on July, 27. They expect $0.27 EPS, up 22.73% or $0.05 from last year’s $0.22 per share. ETM’s profit will be $38.14M for 6.67 P/E if the $0.27 EPS becomes a reality. After $-0.10 actual EPS reported by Entercom Communications Corp. for the previous quarter, Wall Street now forecasts -370.00% EPS growth.

Since January 1, 0001, it had 12 insider purchases, and 0 selling transactions for $30.12 million activity.

Entercom Communications Corp. (NYSE:ETM) Institutional Positions Chart

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