Stearns Financial Services Group Stake in Pepsico (PEP) Has Cut as Share Value Rose; Lawson Kroeker Investment Management Continues to Hold Stake in Discovery Communications Class (DISCK)

January 18, 2018 - By Darrin Black

Stearns Financial Services Group decreased its stake in Pepsico Inc (PEP) by 8.14% based on its latest 2017Q3 regulatory filing with the SEC. Stearns Financial Services Group sold 3,040 shares as the company’s stock rose 5.12% with the market. The institutional investor held 34,300 shares of the consumer non-durables company at the end of 2017Q3, valued at $3.82M, down from 37,340 at the end of the previous reported quarter. Stearns Financial Services Group who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $169.28B market cap company. The stock decreased 0.13% or $0.15 during the last trading session, reaching $119.03. About 3.16 million shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 18, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Lawson Kroeker Investment Management Inc increased its stake in Discovery Communications Class (DISCK) by 11.13% based on its latest 2017Q3 regulatory filing with the SEC. Lawson Kroeker Investment Management Inc bought 26,650 shares as the company’s stock declined 10.36% while stock markets rallied. The institutional investor held 266,135 shares of the consumer services company at the end of 2017Q3, valued at $5.39M, up from 239,485 at the end of the previous reported quarter. Lawson Kroeker Investment Management Inc who had been investing in Discovery Communications Class for a number of months, seems to be bullish on the $14.40 billion market cap company. The stock increased 3.63% or $0.85 during the last trading session, reaching $24.25. About 3.04M shares traded. Discovery Communications, Inc. (NASDAQ:DISCK) has risen 0.32% since January 18, 2017 and is uptrending. It has underperformed by 16.38% the S&P500.

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. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, October 12 report. The rating was maintained by Jefferies with “Buy” on Thursday, July 6. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 22. As per Monday, January 8, the company rating was maintained by Cowen & Co. Stifel Nicolaus maintained Pepsico, Inc. (NASDAQ:PEP) on Wednesday, October 7 with “Buy” rating. The company was maintained on Monday, September 18 by Jefferies. The stock has “Hold” rating by Jefferies on Thursday, January 4. S&P Research maintained the shares of PEP in report on Wednesday, October 7 with “Hold” rating. Barclays Capital maintained Pepsico, Inc. (NASDAQ:PEP) rating on Tuesday, April 19. Barclays Capital has “Overweight” rating and $115 target. The company was downgraded on Friday, September 8 by Credit Suisse.

Investors sentiment increased to 0.94 in Q3 2017. 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. Norinchukin National Bank The owns 0.52% invested in Pepsico, Inc. (NASDAQ:PEP) for 241,531 shares. Carret Asset Management owns 83,721 shares. Goelzer Inv Mngmt accumulated 0.64% or 48,777 shares. 362,179 were accumulated by Avalon Advsrs Ltd Limited Liability Company. Altavista Wealth has 2.84% invested in Pepsico, Inc. (NASDAQ:PEP). Capital Ca owns 4,600 shares or 0.08% of their US portfolio. Jacobs And Ca holds 87,836 shares. Waters Parkerson And Com Lc has invested 1.79% in Pepsico, Inc. (NASDAQ:PEP). Canada Pension Plan Investment Board reported 3.80M shares or 0.86% of all its holdings. Dimensional Fund Advsrs Lp reported 3.75M shares. 18,892 were reported by Clean Yield Grp. Private Wealth Incorporated holds 0.39% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 8,475 shares. Twin Cap holds 164,490 shares. Princeton Cap Incorporated owns 1,802 shares. Stillwater Cap Advsr Ltd Limited Liability Company holds 2.53% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 87,722 shares.

Since August 7, 2017, it had 0 buys, and 2 insider sales for $7.21 million activity. $2.37M worth of Pepsico, Inc. (NASDAQ:PEP) was sold by Laguarta Ramon.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 earnings per share, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85B for 22.89 P/E if the $1.30 EPS becomes a reality. After $1.48 actual earnings per share reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

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