As Pepsico (PEP) Stock Rose, Shareholder Haverford Trust Company Upped Its Stake; Fort Washington Investment Advisors Has Boosted Its Holding in Plains All Amer Pipeline LP (PAA) by $3.40 Million as Stock Price Declined

December 29, 2017 - By Dolores Ford

Haverford Trust Company increased its stake in Pepsico Inc (PEP) by 0.71% based on its latest 2017Q3 regulatory filing with the SEC. Haverford Trust Company bought 7,410 shares as the company’s stock rose 5.12% with the market. The institutional investor held 1.04 million shares of the consumer non-durables company at the end of 2017Q3, valued at $116.31 million, up from 1.04M at the end of the previous reported quarter. Haverford Trust Company who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $170.64B market cap company. The stock increased 0.54% or $0.64 during the last trading session, reaching $119.99. About 1.09M shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since December 29, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Fort Washington Investment Advisors Inc increased its stake in Plains All Amer Pipeline Lp (PAA) by 690.47% based on its latest 2017Q3 regulatory filing with the SEC. Fort Washington Investment Advisors Inc bought 161,944 shares as the company’s stock declined 10.37% while stock markets rallied. The hedge fund held 185,398 shares of the energy company at the end of 2017Q3, valued at $3.93M, up from 23,454 at the end of the previous reported quarter. Fort Washington Investment Advisors Inc who had been investing in Plains All Amer Pipeline Lp for a number of months, seems to be bullish on the $15.14 billion market cap company. The stock increased 0.46% or $0.095 during the last trading session, reaching $20.875. About 1.49M shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since December 29, 2016 and is uptrending. It has underperformed by 5.20% the S&P500.

Haverford Trust Company, which manages about $4.79B US Long portfolio, decreased its stake in Ishares Msci Emerging Markets Minimum Volatility I (EEMV) by 18,840 shares to 60,475 shares, valued at $3.51 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Msci Acwi Etf (ACWI) by 21,440 shares in the quarter, leaving it with 20,894 shares, and cut its stake in Oracle Sys Corp (NYSE:ORCL).

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It is positive, 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. Steinberg Global Asset Management has 1.51% invested in Pepsico, Inc. (NASDAQ:PEP) for 92,054 shares. Aristotle Capital Ltd Liability stated it has 0.04% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Cadence Mngmt Lc, Massachusetts-based fund reported 103,479 shares. Fincl Counselors has invested 1.32% in Pepsico, Inc. (NASDAQ:PEP). Sta Wealth Mgmt Limited Liability Corporation owns 3,780 shares. Rathbone Brothers Plc holds 0.39% or 79,897 shares in its portfolio. Cutter And Brokerage Incorporated accumulated 28,790 shares. Salem Investment Counselors Inc, North Carolina-based fund reported 295,369 shares. Cubist Systematic Strategies Ltd Liability Com has 0.25% invested in Pepsico, Inc. (NASDAQ:PEP) for 39,351 shares. Adirondack Tru reported 2.13% stake. Bank & Trust Of Nova Scotia accumulated 0.28% or 432,934 shares. Driehaus Capital Mngmt Limited Company has invested 0.02% in Pepsico, Inc. (NASDAQ:PEP). Greenleaf Tru holds 115,291 shares. California State Teachers Retirement Sys has 0.6% invested in Pepsico, Inc. (NASDAQ:PEP) for 2.45M shares. Lenox Wealth Advsrs Inc holds 5,100 shares.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. PepsiCo had 59 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report. The company was maintained on Tuesday, April 19 by JP Morgan. Goldman Sachs maintained Pepsico, Inc. (NASDAQ:PEP) on Wednesday, June 29 with “Neutral” rating. The rating was maintained by S&P Research on Wednesday, October 7 with “Hold”. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. Jefferies maintained the shares of PEP in report on Friday, September 30 with “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Friday, April 28. The rating was downgraded by Jefferies on Monday, October 2 to “Hold”. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Buy”. Credit Suisse initiated the shares of PEP in report on Friday, September 16 with “Outperform” rating.

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $7.21 million activity. Laguarta Ramon sold $2.37M worth of stock.

Fort Washington Investment Advisors Inc, which manages about $44.90 billion and $6.46 billion US Long portfolio, decreased its stake in Eaton Vance Sr Fltg Rate Tr Closed End Fund (Prn) (EFR) by 35,452 shares to 196,096 shares, valued at $2.93M in 2017Q3, according to the filing. It also reduced its holding in Vista Outdoor by 41,374 shares in the quarter, leaving it with 1.78M shares, and cut its stake in Carnival Cruise Unit (NYSE:CCL).

Investors sentiment decreased to 0.63 in 2017 Q3. Its down 0.42, from 1.05 in 2017Q2. It dived, as 62 investors sold PAA shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. 303.49 million shares or 3.28% more from 293.86 million shares in 2017Q2 were reported. Paw holds 0.56% in Plains All American Pipeline, L.P. (NYSE:PAA) or 25,000 shares. Cushing Asset Management Ltd Partnership reported 1.37 million shares stake. Cv Starr Company Trust holds 308,000 shares. Evergreen Cap Mngmt Limited Liability Com reported 48,074 shares stake. Stephens Ar has invested 0.09% in Plains All American Pipeline, L.P. (NYSE:PAA). Moreover, Yorkville Mngmt Ltd has 0.78% invested in Plains All American Pipeline, L.P. (NYSE:PAA). Fmr Ltd Limited Liability Company owns 619,900 shares for 0% of their portfolio. Edgemoor Invest Advisors Inc reported 0.05% stake. Fiera Capital holds 32,418 shares. Tph Asset Ltd owns 828,917 shares. Trust Asset Limited Liability Corporation has 4.41% invested in Plains All American Pipeline, L.P. (NYSE:PAA). Da Davidson holds 19,952 shares. Homrich Berg holds 50,200 shares. Spectrum Grp accumulated 6,700 shares. Cohen & Steers owns 929,682 shares for 0.05% of their portfolio.