Mufg Americas Holdings Corp Decreased Stake in Pepsico INC (PEP) as Shares Declined

June 27, 2018 - By Gwen Gough

PepsiCo, Inc. (NASDAQ:PEP) Corporate LogoBig Money Sentiment is 0.86 in Q1 2018. It has change of 2017Q4’s as. The ratio has no change due to PEP positioning: 67 sold and 715 reduced. only 119 funds acquired positions and 550 increased positions. Investors holded 958.76 million in 2017Q4 but now own 956.07 million shares or 0.28% less. Toronto Dominion Bancorporation owns 817,972 shs for 0.2% of their capital. Rmb Capital Mngmt Ltd Liability Com holds 18,263 shs or 0.05% of its capital. Portland Advsrs holds 3,398 shs. The Alabama-based First Fin National Bank & Trust has invested 1.53% in PepsiCo, Inc. (NASDAQ:PEP). Legacy Capital Partners stated it has 1.12% of its capital in PepsiCo, Inc. (NASDAQ:PEP). Tiemann Invest Advsr Llc owns 2,050 shs. Kentucky Retirement Systems reported 0.69% of its capital in PepsiCo, Inc. (NASDAQ:PEP). Greatmark Investment Prns Incorporated holds 0.4% or 10,172 shs. Tctc Holdg Ltd holds 1.2% or 205,807 shs in its capital. 2,214 are held by Hays Advisory Llc. First Advisors Ltd Partnership stated it has 0.11% in PepsiCo, Inc. (NASDAQ:PEP). Todd Asset owns 1,994 shs for 0.01% of their capital. Cubist Systematic Strategies Ltd holds 0.32% or 49,510 shs in its capital. Moreover, Northside Mgmt Lc has 0.16% invested in PepsiCo, Inc. (NASDAQ:PEP) for 4,599 shs. Wealth Enhancement Advisory Svcs Ltd Company holds 0.21% or 28,757 shs.

Based on the latest 2018Q1 regulatory filing with the SEC, Mufg Americas Holdings Corp reduced its holdings in Pepsico Inc (PEP) by 14.14%. 40,243 shares were sold by Mufg Americas Holdings Corp as the company’s stock declined 9.58% with the market. The consumer non-durables company at the end of 2018Q1 was valued at $26.68M. It’s down from 284,641 at the end of the previous reported quarter. Now it had 244,398 shares held by the institutional investor . Pepsico Inc has $153.72B market cap. PEP reached $108.42 during the last trading session after $0.37 change.PepsiCo, Inc. has volume of 1.02M shares. Since June 27, 2017 PEP has declined 14.65% and is downtrending. PEP underperformed by 27.22% the S&P500.

About $3.17B US Long portfolio Mufg Americas Holdings Corp manages. It rose its stake in Bristol Myers Squibb Co (NYSE:BMY) by 54,210 shares to 395,512 shares, valued at $25.02M in 2018Q1, according to the filing. Mufg Americas Holdings Corp has risen its stake in Vanguard Index Fds (VB) and also increased its holding in Citigroup Inc (NYSE:C) by 50,935 shares in the quarter, for a total of 288,907 shares.

PepsiCo, Inc. (NASDAQ:PEP)’s earnings report is expected on July, 10., as reported by Faxor. Analysts have expectation on stock’s earnings per share of $1.52. That’s up 1.33 % from last year’s $1.5 earnings per share. If reported the P/E will be 17.83 with $2.16B profit. 58.33 % EPS growth is what analysts predict. $0.96 earnings per share was reported for last quarter.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

In total 10 analysts cover PepsiCo (NYSE:PEP). “Buy” rating has 3, “Sell” are 1, while 6 are “Hold”. 30% are bullish. With $140.0 highest and $110 lowest price target PepsiCo has $121.56 average price target or 12.12% above the current ($108.42) price. 10 are the (NYSE:PEP)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Friday, April 27 the firm earned “Hold” rating by Stifel Nicolaus. On Thursday, January 4 the stock has “Hold” rating by Wells Fargo. The company rating was maintained by JP Morgan on Wednesday, February 14. On Thursday, February 1 the firm has “Hold” rating by Credit Suisse given. On Thursday, January 4 the company was maintained by Jefferies. The stock rating was maintained by Susquehanna with “Buy” on Monday, February 12. On Wednesday, February 14 the company was downgraded by Evercore. On Monday, January 8 the rating was maintained by Cowen & Co with “Buy”. On Tuesday, April 17 the company was downgraded by Goldman Sachs.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Investors Chart

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