As Garmin LTD (GRMN) Stock Price Rose, Panagora Asset Management Has Upped Its Stake; Pepsico (PEP) Stock Value Rose While Asset Management Group Decreased Its Position by $467,865

January 14, 2018 - By Marie Mckinney

Asset Management Group Inc decreased its stake in Pepsico (PEP) by 5.9% based on its latest 2017Q3 regulatory filing with the SEC. Asset Management Group Inc sold 4,215 shares as the company’s stock rose 5.12% with the market. The institutional investor held 67,242 shares of the consumer non-durables company at the end of 2017Q3, valued at $7.49 million, down from 71,457 at the end of the previous reported quarter. Asset Management Group Inc who had been investing in Pepsico for a number of months, seems to be less bullish one the $166.93 billion market cap company. The stock increased 0.43% or $0.5 during the last trading session, reaching $117.38. About 4.34 million shares traded or 26.22% up from the average. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 14, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Panagora Asset Management Inc increased its stake in Garmin Ltd (GRMN) by 15.14% based on its latest 2017Q3 regulatory filing with the SEC. Panagora Asset Management Inc bought 44,006 shares as the company’s stock rose 0.81% with the market. The institutional investor held 334,649 shares of the industrial machinery and components company at the end of 2017Q3, valued at $18.06 million, up from 290,643 at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Garmin Ltd for a number of months, seems to be bullish on the $11.62B market cap company. The stock increased 0.88% or $0.54 during the last trading session, reaching $61.96. About 1.48 million shares traded or 35.38% up from the average. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since January 14, 2017 and is uptrending. It has outperformed by 11.93% the S&P500.

Since August 4, 2017, it had 0 buys, and 11 selling transactions for $32.80 million activity. The insider BURRELL JONATHAN sold 127,000 shares worth $6.64 million. The insider Biddlecombe Sean sold 1,697 shares worth $87,956. 1,881 shares were sold by Desbois Patrick, worth $103,455 on Friday, October 13. The insider Huang Pao-Chang sold $351,062. PEMBLE CLIFTON A also sold $223,630 worth of Garmin Ltd. (NASDAQ:GRMN) on Friday, October 13.

Among 16 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. Garmin Ltd. had 30 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Neutral” rating by Dougherty & Company on Thursday, October 15. RBC Capital Markets maintained it with “Outperform” rating and $40 target in Thursday, October 15 report. The firm earned “Hold” rating on Wednesday, November 1 by KeyBanc Capital Markets. The rating was downgraded by Credit Suisse to “Underperform” on Monday, January 18. On Wednesday, August 24 the stock rating was downgraded by Goldman Sachs to “Sell”. The rating was maintained by Tigress Financial on Friday, December 15 with “Buy”. Credit Suisse downgraded the shares of GRMN in report on Friday, January 15 to “Underperform” rating. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Underweight” rating by JP Morgan on Thursday, July 30. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. Morgan Stanley maintained Garmin Ltd. (NASDAQ:GRMN) rating on Monday, July 31. Morgan Stanley has “Hold” rating and $5000 target.

Panagora Asset Management Inc, which manages about $37.15B and $25.26B US Long portfolio, decreased its stake in Procter & Gamble Co/The (NYSE:PG) by 745,193 shares to 2.18M shares, valued at $198.67M in 2017Q3, according to the filing. It also reduced its holding in Trinet Group Inc (NYSE:TNET) by 85,956 shares in the quarter, leaving it with 351,519 shares, and cut its stake in Corning Inc (NYSE:GLW).

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.25, from 1.12 in 2017Q2. It is positive, as 16 investors sold GRMN shares while 107 reduced holdings. 51 funds opened positions while 118 raised stakes. 74.22 million shares or 4.08% more from 71.31 million shares in 2017Q2 were reported. Gru holds 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 52,799 shares. 69,700 were reported by Lapides Asset Mgmt Ltd Company. Voya Inv Mngmt Llc has 101,477 shares. Kornitzer Management Ks owns 451,892 shares or 0.43% of their US portfolio. Citadel Advsrs Ltd Liability Com stated it has 737,583 shares. Cibc Asset Mgmt has invested 0% in Garmin Ltd. (NASDAQ:GRMN). Summit Secs Limited Company has invested 0.04% in Garmin Ltd. (NASDAQ:GRMN). Assetmark Inc reported 7 shares or 0% of all its holdings. Levin Cap Strategies LP invested in 6,789 shares. Ing Groep Nv stated it has 9,590 shares. Baker Avenue Asset Mgmt L P, a California-based fund reported 3,719 shares. Pinebridge Invs Limited Partnership has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN) for 9,203 shares. Stifel Fincl reported 97,920 shares. Argi Invest Svcs Limited Liability has invested 0.06% in Garmin Ltd. (NASDAQ:GRMN). 51,050 were reported by Hussman Strategic Advisors.

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. Ancora Advsr Limited invested in 0.41% or 63,532 shares. Coldstream Cap Management Inc accumulated 0.35% or 26,741 shares. Wheatland Advsr reported 2% stake. Moreover, Qs Investors Ltd Liability has 0.38% invested in Pepsico, Inc. (NASDAQ:PEP). Sanctuary Wealth Advsrs Ltd Liability Company, California-based fund reported 200 shares. Godshalk Welsh Capital Inc reported 11,150 shares stake. Nichols And Pratt Advisers Llp Ma accumulated 456,409 shares or 4.54% of the stock. 1,258 are held by Thompson Davis. Lincoln accumulated 13,177 shares. Jolley Asset Mngmt Limited Liability Com holds 0.5% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 6,565 shares. Paloma Mngmt Co invested in 0.13% or 87,288 shares. Palisade Asset Limited Liability Corp stated it has 102,947 shares or 2.13% of all its holdings. Atlas Browninc reported 28,849 shares. Fiduciary Financial Of The Southwest Inc Tx reported 1.34% stake. Parametric Port Assoc Limited Liability Corp holds 4.31M shares or 0.53% of its portfolio.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 EPS, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85 billion for 22.57 P/E if the $1.30 EPS becomes a reality. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

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. The firm has “Hold” rating given on Friday, March 24 by RBC Capital Markets. The stock of Pepsico, Inc. (NASDAQ:PEP) has “Hold” rating given on Thursday, January 4 by Wells Fargo. The stock has “Hold” rating by Jefferies on Thursday, January 4. Susquehanna maintained it with “Buy” rating and $13300 target in Thursday, July 6 report. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Goldman Sachs maintained Pepsico, Inc. (NASDAQ:PEP) on Wednesday, June 29 with “Neutral” rating. JP Morgan maintained the stock with “Overweight” rating in Tuesday, April 19 report. Stifel Nicolaus maintained it with “Hold” rating and $120.0 target in Friday, December 22 report. Credit Suisse initiated the shares of PEP in report on Friday, September 16 with “Outperform” rating. The company was maintained on Thursday, October 5 by RBC Capital Markets.

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $7.21 million activity. Laguarta Ramon sold $2.37M worth of stock or 21,449 shares.

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