Pepsico (PEP) Holder Rnc Capital Management Trimmed Position; Mig Capital Has Boosted Sprint (S) Position

April 17, 2018 - By Peter Erickson

Sprint Corporation (NYSE:S) Logo

Mig Capital Llc increased its stake in Sprint Corp (S) by 54.1% based on its latest 2017Q4 regulatory filing with the SEC. Mig Capital Llc bought 3.97 million shares as the company’s stock declined 13.30% with the market. The hedge fund held 11.32 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $66.68 million, up from 7.35 million at the end of the previous reported quarter. Mig Capital Llc who had been investing in Sprint Corp for a number of months, seems to be bullish on the $23.86 billion market cap company. The stock increased 1.88% or $0.11 during the last trading session, reaching $5.96. About 1.98M shares traded. Sprint Corporation (NYSE:S) has declined 41.01% since April 17, 2017 and is downtrending. It has underperformed by 52.56% the S&P500.

Rnc Capital Management Llc decreased its stake in Pepsico Incorporated (PEP) by 5.47% based on its latest 2017Q4 regulatory filing with the SEC. Rnc Capital Management Llc sold 2,674 shares as the company’s stock declined 9.24% with the market. The institutional investor held 46,198 shares of the consumer non-durables company at the end of 2017Q4, valued at $5.54M, down from 48,872 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Pepsico Incorporated for a number of months, seems to be less bullish one the $153.90B market cap company. The stock decreased 1.36% or $1.5 during the last trading session, reaching $108.42. About 1.04M shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 17, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 earnings per share, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31B for 29.46 P/E if the $0.92 EPS becomes a reality. After $1.31 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.08, from 0.94 in 2017Q3. It is negative, as 63 investors sold PEP shares while 712 reduced holdings. 122 funds opened positions while 542 raised stakes. 958.76 million shares or 0.63% less from 964.87 million shares in 2017Q3 were reported. Korea Inv Corporation holds 0.76% in PepsiCo, Inc. (NASDAQ:PEP) or 1.38 million shares. Rfg Advisory Grp Ltd Limited Liability Company stated it has 2,650 shares. First City Cap Mgmt reported 7,202 shares. Wall Street Access Asset Limited Liability Company owns 2,170 shares for 0.41% of their portfolio. Balasa Dinverno & Foltz Ltd Liability Corporation accumulated 0.15% or 8,590 shares. Wms Ptnrs Limited Liability Co holds 0.58% in PepsiCo, Inc. (NASDAQ:PEP) or 42,603 shares. Usca Ria Ltd Company stated it has 0.15% in PepsiCo, Inc. (NASDAQ:PEP). Ahl Partners Ltd Liability Partnership holds 147,696 shares. Koshinski Asset Mgmt reported 0.54% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Greenwich Wealth Mgmt Ltd Liability Corp stated it has 0.04% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Stewart Patten Ltd holds 0.21% or 9,927 shares. Moors And Cabot Incorporated reported 93,313 shares. Roffman Miller Incorporated Pa owns 181,093 shares. Clearbridge Invs Limited Liability Corporation owns 0.37% invested in PepsiCo, Inc. (NASDAQ:PEP) for 3.31 million shares. Plancorp Ltd Liability accumulated 38,873 shares.

Rnc Capital Management Llc, which manages about $4.08 billion and $1.44B US Long portfolio, upped its stake in Dowdupont Inc by 20,859 shares to 359,989 shares, valued at $25.64 million in 2017Q4, according to the filing. It also increased its holding in Suntrust Banks Inc (NYSE:STI) by 50,651 shares in the quarter, for a total of 393,237 shares, and has risen its stake in Lilly Eli& Company (NYSE:LLY).

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, July 11 by BMO Capital Markets. The firm has “Hold” rating given on Tuesday, August 1 by RBC Capital Markets. Credit Suisse downgraded the stock to “Neutral” rating in Friday, September 8 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, September 5. The company was downgraded on Thursday, August 27 by Vetr. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Market Perform” rating by BMO Capital Markets on Wednesday, June 7. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Buy” rating by Jefferies on Thursday, June 22. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Equal Weight” rating given on Monday, January 9 by Barclays Capital. The firm has “Hold” rating given on Thursday, October 12 by Stifel Nicolaus. The company was upgraded on Monday, December 12 by Societe Generale.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.13, from 0.86 in 2017Q3. It is positive, as 40 investors sold S shares while 90 reduced holdings. 43 funds opened positions while 86 raised stakes. 528.93 million shares or 3.13% less from 546.02 million shares in 2017Q3 were reported. Prudential Fin Inc reported 0% of its portfolio in Sprint Corporation (NYSE:S). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% in Sprint Corporation (NYSE:S). Susquehanna Intl Gp Llp has invested 0% in Sprint Corporation (NYSE:S). Millennium Management Ltd reported 3.46 million shares or 0.03% of all its holdings. 23,493 were accumulated by Us Bancorporation De. Moreover, Asset Management One has 0.02% invested in Sprint Corporation (NYSE:S) for 1.17 million shares. Advisors Asset has 0% invested in Sprint Corporation (NYSE:S) for 9,053 shares. New York-based Fred Alger Mngmt Incorporated has invested 0% in Sprint Corporation (NYSE:S). Toth Fincl Advisory has invested 0% in Sprint Corporation (NYSE:S). The North Carolina-based Carroll Financial Incorporated has invested 0% in Sprint Corporation (NYSE:S). Moreover, Omers Administration Corp has 0.01% invested in Sprint Corporation (NYSE:S) for 127,800 shares. Parallax Volatility Advisers Lp holds 0.01% or 969,079 shares. First Personal Services owns 67 shares. Reilly Advsr Ltd Co stated it has 0% of its portfolio in Sprint Corporation (NYSE:S). Citigroup Incorporated holds 0% or 106,068 shares.

Mig Capital Llc, which manages about $655.21M and $743.74M US Long portfolio, decreased its stake in Alphabet Inc by 5,000 shares to 25,866 shares, valued at $27.07M in 2017Q4, according to the filing. It also reduced its holding in Norwegian Cruise Line Hldgs (NASDAQ:NCLH) by 238,000 shares in the quarter, leaving it with 451,000 shares, and cut its stake in Sprint Corp (Call) (NYSE:S).

Among 29 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 9 Sell and 16 Hold. Therefore 14% are positive. Sprint Nextel Corporation had 82 analyst reports since July 24, 2015 according to SRatingsIntel. Citigroup maintained it with “Neutral” rating and $6 target in Tuesday, July 26 report. On Wednesday, September 9 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm has “Underperform” rating given on Tuesday, November 7 by Jefferies. Barclays Capital maintained Sprint Corporation (NYSE:S) on Tuesday, July 26 with “Equal-Weight” rating. BTIG Research maintained Sprint Corporation (NYSE:S) on Wednesday, October 18 with “Sell” rating. The rating was maintained by Macquarie Research with “Buy” on Sunday, July 30. The stock has “Underweight” rating by Pacifc Crest on Wednesday, April 13. The rating was maintained by William Blair with “Underperform” on Wednesday, August 5. RBC Capital Markets maintained Sprint Corporation (NYSE:S) rating on Friday, July 7. RBC Capital Markets has “Hold” rating and $800 target. The company was maintained on Friday, February 2 by Robert W. Baird.

Since December 13, 2017, it had 8 insider purchases, and 1 sale for $207.89 million activity. The insider SCHIEBER PAUL W JR sold 144,041 shares worth $827,487.

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

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