Altrinsic Global Advisors Decreased Its Pepsico (PEP) Position; Ebix (EBIX)’s Sentiment Is 0.93

July 26, 2017 - By test

Altrinsic Global Advisors Llc decreased Pepsico Inc (PEP) stake by 14.45% reported in 2016Q4 SEC filing. Altrinsic Global Advisors Llc sold 100,365 shares as Pepsico Inc (PEP)’s stock rose 5.12%. The Altrinsic Global Advisors Llc holds 594,031 shares with $62.15M value, down from 694,396 last quarter. Pepsico Inc now has $167.56 billion valuation. The stock rose 0.66% or $0.77 reaching $117.22. About 2.09M shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since July 26, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Ebix, Inc. is a supplier of software and e-commerce solutions to the insurance industry. The company has market cap of $1.82 billion. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. It has a 18.92 P/E ratio. Ebix conducts its activities through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).

Analysts await PepsiCo, Inc. (NYSE:PEP) to report earnings on October, 5. They expect $1.42 earnings per share, up 1.43% or $0.02 from last year’s $1.4 per share. PEP’s profit will be $2.03 billion for 20.64 P/E if the $1.42 EPS becomes a reality. After $1.50 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth.

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.18, from 0.79 in 2016Q3. It improved, as 68 investors sold PEP shares while 674 reduced holdings. 102 funds opened positions while 618 raised stakes. 967.70 million shares or 0.34% more from 964.42 million shares in 2016Q3 were reported. Chatham Group accumulated 0.87% or 28,608 shares. Fincl Pro reported 0.1% in PepsiCo, Inc. (NYSE:PEP). Oarsman reported 11,006 shares. Highland Mgmt Ltd Liability Co holds 0.87% or 98,238 shares. Comerica Financial Bank invested in 0.55% or 690,600 shares. Gulf Bancorporation (Uk) Limited, United Kingdom-based fund reported 440,181 shares. Broderick Brian C reported 36,878 shares. Massmutual Tru Fsb Adv accumulated 0% or 89,857 shares. Baldwin Brothers Ma stated it has 109,732 shares or 2.07% of all its holdings. Texan Mngmt owns 10,311 shares. Valley Natl Advisers owns 40,537 shares for 1.95% of their portfolio. Mufg Americas Holdg Corporation invested in 1.15% or 330,323 shares. 3.82 million are held by Jensen Inv Mgmt Incorporated. Moreover, Live Your Vision Limited Company has 0.01% invested in PepsiCo, Inc. (NYSE:PEP) for 110 shares. Citigroup, a New York-based fund reported 1.32M shares.

Since February 17, 2017, it had 0 buys, and 9 insider sales for $32.14 million activity. $605,735 worth of stock was sold by Tanner Kirk on Wednesday, March 1. Laguarta Ramon had sold 23,585 shares worth $2.57M on Tuesday, February 28. 30,005 shares were sold by Gallagher Marie T., worth $3.22M. Narasimhan Laxman sold $466,265 worth of PepsiCo, Inc. (NYSE:PEP) on Monday, March 6. 3,000 shares were sold by TRUDELL CYNTHIA, worth $337,775. Chadha Sanjeev had sold 25,000 shares worth $2.70M. Johnston Hugh F had sold 195,437 shares worth $21.03 million on Friday, February 17.

Altrinsic Global Advisors Llc increased Regal Entmt Group (NYSE:RGC) stake by 590,558 shares to 1.42 million valued at $29.31M in 2016Q4. It also upped China Unicom (Hong Kong) Ltd (NYSE:CHU) stake by 38,332 shares and now owns 96,047 shares. Baidu Inc (NASDAQ:BIDU) was raised too.

Among 18 analysts covering PepsiCo (NYSE:PEP), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. PepsiCo had 44 analyst reports since July 21, 2015 according to SRatingsIntel. Societe Generale upgraded PepsiCo, Inc. (NYSE:PEP) on Monday, December 12 to “Buy” rating. The rating was downgraded by BMO Capital Markets on Wednesday, June 7 to “Market Perform”. On Tuesday, April 19 the stock rating was maintained by Goldman Sachs with “Neutral”. Jefferies maintained the shares of PEP in report on Friday, September 30 with “Buy” rating. The firm has “Buy” rating given on Thursday, August 27 by Vetr. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Buy”. The stock of PepsiCo, Inc. (NYSE:PEP) has “Hold” rating given on Tuesday, July 11 by BMO Capital Markets. The stock of PepsiCo, Inc. (NYSE:PEP) has “Buy” rating given on Tuesday, July 11 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 30. Nomura upgraded PepsiCo, Inc. (NYSE:PEP) on Monday, November 23 to “Neutral” rating.

Since January 1, 0001, it had 0 buys, and 4 sales for $1.81 million activity.

About 45,051 shares traded. Ebix Inc (EBIX) has risen 21.95% since July 26, 2016 and is uptrending. It has outperformed by 5.25% the S&P500.

Analysts await Ebix Inc (NASDAQ:EBIX) to report earnings on August, 14. They expect $0.67 earnings per share, down 4.29% or $0.03 from last year’s $0.7 per share. EBIX’s profit will be $21.36M for 21.31 P/E if the $0.67 EPS becomes a reality. After $0.83 actual earnings per share reported by Ebix Inc for the previous quarter, Wall Street now forecasts -19.28% negative EPS growth.

P2 Capital Partners Llc holds 12.13% of its portfolio in Ebix Inc for 1.62 million shares. Ashford Capital Management Inc owns 481,976 shares or 5.53% of their US portfolio. Moreover, Atwood & Palmer Inc has 3.23% invested in the company for 314,813 shares. The Massachusetts-based Weatherbie Capital Llc has invested 2.12% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 23,000 shares.