As Pepsico (PEP) Stock Price Rose, Holder Salem Investment Counselors Has Cut Its Holding by $1.26 Million; Foundry Partners Has Upped Stake in Cross Country Health (CCRN) by $390,250 as Market Valuation Declined

January 14, 2018 - By Peter Erickson

Salem Investment Counselors Inc decreased its stake in Pepsico Inc. (PEP) by 3.76% based on its latest 2017Q3 regulatory filing with the SEC. Salem Investment Counselors Inc sold 11,537 shares as the company’s stock rose 5.12% with the market. The institutional investor held 295,369 shares of the consumer non-durables company at the end of 2017Q3, valued at $32.36M, down from 306,906 at the end of the previous reported quarter. Salem Investment Counselors Inc who had been investing in Pepsico Inc. for a number of months, seems to be less bullish one the $166.93B 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.

Foundry Partners Llc increased its stake in Cross Country Health (CCRN) by 6.19% based on its latest 2017Q3 regulatory filing with the SEC. Foundry Partners Llc bought 27,875 shares as the company’s stock declined 22.76% while stock markets rallied. The institutional investor held 478,100 shares of the technology company at the end of 2017Q3, valued at $6.80M, up from 450,225 at the end of the previous reported quarter. Foundry Partners Llc who had been investing in Cross Country Health for a number of months, seems to be bullish on the $471.33 million market cap company. The stock increased 1.65% or $0.21 during the last trading session, reaching $12.92. About 110,393 shares traded. Cross Country Healthcare, Inc. (NASDAQ:CCRN) has declined 8.78% since January 14, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

Among 9 analysts covering Cross Country Healthcare (NASDAQ:CCRN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Cross Country Healthcare had 15 analyst reports since August 9, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Friday, November 6 with “Buy”. The rating was maintained by BMO Capital Markets on Tuesday, July 11 with “Buy”. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, June 14. Lake Street initiated Cross Country Healthcare, Inc. (NASDAQ:CCRN) rating on Wednesday, October 7. Lake Street has “Buy” rating and $19 target. The rating was maintained by Cantor Fitzgerald on Thursday, July 6 with “Buy”. As per Wednesday, October 18, the company rating was maintained by SunTrust. The firm earned “Outperform” rating on Monday, November 6 by BMO Capital Markets. Cantor Fitzgerald maintained Cross Country Healthcare, Inc. (NASDAQ:CCRN) on Sunday, August 9 with “Buy” rating. As per Wednesday, August 2, the company rating was maintained by Oppenheimer. Benchmark initiated Cross Country Healthcare, Inc. (NASDAQ:CCRN) on Friday, January 20 with “Buy” rating.

Foundry Partners Llc, which manages about $1.13B and $2.50B US Long portfolio, decreased its stake in Anthem Inc (NYSE:ANTM) by 7,575 shares to 77,510 shares, valued at $14.72 million in 2017Q3, according to the filing. It also reduced its holding in Oracle Corporation (NYSE:ORCL) by 14,790 shares in the quarter, leaving it with 320,695 shares, and cut its stake in Myriad Genetics Inc (NASDAQ:MYGN).

Investors sentiment increased to 2.02 in Q3 2017. Its up 1.08, from 0.94 in 2017Q2. It is positive, as 8 investors sold CCRN shares while 33 reduced holdings. 24 funds opened positions while 59 raised stakes. 33.17 million shares or 0.74% more from 32.92 million shares in 2017Q2 were reported. Citadel Advisors Limited Company accumulated 75,440 shares. Federated Inc Pa reported 118,174 shares or 0% of all its holdings. Skyline Asset Management Limited Partnership, Illinois-based fund reported 1.32 million shares. 52,950 were accumulated by Parametric Associate Lc. Employees Retirement Sys Of Texas stated it has 94,000 shares or 0.02% of all its holdings. 1.76 million are owned by Price T Rowe Assoc Md. Prudential Financial accumulated 59,838 shares or 0% of the stock. Kbc Group Nv stated it has 0.01% of its portfolio in Cross Country Healthcare, Inc. (NASDAQ:CCRN). Hawk Ridge Cap Mngmt Ltd Partnership stated it has 434,082 shares or 2.32% of all its holdings. The Missouri-based American Century Cos has invested 0% in Cross Country Healthcare, Inc. (NASDAQ:CCRN). Manufacturers Life The stated it has 28,023 shares. Clearbridge Invs reported 0% in Cross Country Healthcare, Inc. (NASDAQ:CCRN). Northern Tru Corp invested in 462,201 shares or 0% of the stock. Ellington Gru Limited Liability owns 22,400 shares. Aristotle Capital Boston Limited Liability Company invested in 762,200 shares or 0.97% of the stock.

Since August 22, 2017, it had 0 insider purchases, and 1 sale for $596,989 activity.

Salem Investment Counselors Inc, which manages about $1.19B and $856.27 million US Long portfolio, upped its stake in Netflix Inc. (NASDAQ:NFLX) by 9,850 shares to 15,967 shares, valued at $2.84M in 2017Q3, according to the filing. It also increased its holding in Alibaba Group Holding (NYSE:BABA) by 5,825 shares in the quarter, for a total of 23,618 shares, and has risen its stake in Chevron Corporation (NYSE:CVX).

Investors sentiment increased to 0.94 in 2017 Q3. 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. Vantage Inv Partners Limited Liability Company has 0.9% invested in Pepsico, Inc. (NASDAQ:PEP). 5,159 are held by Palisade Management Ltd Company Nj. Perella Weinberg Ptnrs Capital Mngmt Lp holds 52,859 shares or 0.49% of its portfolio. Walleye Trading Lc has 55,165 shares for 0.03% of their portfolio. Moreover, Bowen Hanes & has 1.58% invested in Pepsico, Inc. (NASDAQ:PEP). Waters Parkerson And Company Limited Liability Corp invested in 181,799 shares or 1.79% of the stock. Renaissance Tech Limited Liability Corporation, New York-based fund reported 5.50 million shares. Jag Cap Mgmt Ltd Liability Corporation owns 16,359 shares. Trust Department Mb Retail Bank N A owns 0.96% invested in Pepsico, Inc. (NASDAQ:PEP) for 80,594 shares. Citigroup Inc invested in 0.07% or 807,764 shares. Montag & Caldwell Limited Liability Company has invested 3.05% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Symphony Asset Mngmt Limited Company holds 0.2% or 15,889 shares in its portfolio. Bridges Investment Counsel holds 2.22% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 35,902 shares. Aimz Limited Liability Company has 16,427 shares for 1.6% of their portfolio. Strategy Asset Managers Limited Liability Company reported 0.14% in Pepsico, Inc. (NASDAQ:PEP).

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 “Buy” rating by Societe Generale given on Monday, December 12. RBC Capital Markets maintained the shares of PEP in report on Thursday, October 5 with “Sector Perform” rating. Barclays Capital maintained it with “Overweight” rating and $115 target in Tuesday, April 19 report. The rating was upgraded by Nomura on Monday, November 23 to “Neutral”. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Neutral” rating by Citigroup on Tuesday, April 19. Jefferies maintained Pepsico, Inc. (NASDAQ:PEP) rating on Thursday, July 6. Jefferies has “Buy” rating and $13000 target. BMO Capital Markets maintained Pepsico, Inc. (NASDAQ:PEP) rating on Friday, April 28. BMO Capital Markets has “Buy” rating and $115 target. The company was maintained on Friday, November 10 by RBC Capital Markets. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Hold” rating by Stifel Nicolaus on Friday, December 22. The company was initiated on Tuesday, March 21 by JP Morgan.

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 $1.85B 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.

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