As Apple (AAPL) Stock Price Declined, Noesis Capital Mangement Boosted by $301,158 Its Holding; Pepsico (PEP) Position Maintained by Parkwood Llc

April 22, 2018 - By Linda Rogers

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Parkwood Llc increased its stake in Pepsico Inc (PEP) by 10.25% based on its latest 2017Q4 regulatory filing with the SEC. Parkwood Llc bought 5,131 shares as the company’s stock declined 9.24% with the market. The institutional investor held 55,173 shares of the consumer non-durables company at the end of 2017Q4, valued at $6.62 million, up from 50,042 at the end of the previous reported quarter. Parkwood Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $145.47 billion market cap company. The stock decreased 2.93% or $3.09 during the last trading session, reaching $102.48. About 7.64M shares traded or 65.73% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 22, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Noesis Capital Mangement Corp increased its stake in Apple Inc (AAPL) by 10.33% based on its latest 2017Q4 regulatory filing with the SEC. Noesis Capital Mangement Corp bought 1,782 shares as the company’s stock declined 3.81% with the market. The institutional investor held 19,026 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.22 million, up from 17,244 at the end of the previous reported quarter. Noesis Capital Mangement Corp who had been investing in Apple Inc for a number of months, seems to be bullish on the $840.87 billion market cap company. The stock decreased 4.10% or $7.08 during the last trading session, reaching $165.72. About 60.26 million shares traded or 56.69% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 22, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

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. Somerset Limited Liability holds 7,781 shares or 0.78% of its portfolio. 115,957 are held by Gamble Jones Counsel. Sumitomo Mitsui Asset Management Company Ltd reported 0.18% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Tradition Capital Management Limited Liability Company holds 0.42% or 13,057 shares. Liberty Mutual Asset reported 0.2% in PepsiCo, Inc. (NASDAQ:PEP). State Board Of Administration Of Florida Retirement invested in 1.98M shares. Stone Ridge Asset Mgmt Ltd Llc holds 3,678 shares. Reliance Tru Of Delaware accumulated 25,927 shares. Natl Mutual Federation Of Agricultural Cooperatives, Japan-based fund reported 26,300 shares. Puzo Michael J has 22,786 shares for 1.13% of their portfolio. Hendershot Inc stated it has 23,336 shares or 1.13% of all its holdings. Gabalex Capital Mngmt Ltd stated it has 200,000 shares or 6.89% of all its holdings. Ontario – Canada-based Cibc World Inc has invested 0.09% in PepsiCo, Inc. (NASDAQ:PEP). Louisiana State Employees Retirement System has 86,100 shares for 0.47% of their portfolio. Citadel Advsrs Limited Liability accumulated 0.13% or 1.82 million shares.

Parkwood Llc, which manages about $735.65M US Long portfolio, decreased its stake in Berkshire Hathaway Inc (BRKB) by 5,996 shares to 68,866 shares, valued at $13.65M in 2017Q4, according to the filing. It also reduced its holding in Twenty (NASDAQ:FOXA) by 31,155 shares in the quarter, leaving it with 375,407 shares, and cut its stake in Civeo Corp.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 68 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, September 6 with “Hold” rating. The firm has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Buy” rating by Cowen & Co on Monday, January 8. As per Monday, November 23, the company rating was upgraded by Nomura. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 5. The stock has “Hold” rating by Jefferies on Thursday, January 4. The rating was initiated by JP Morgan on Tuesday, March 21 with “Overweight”. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, June 29. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Goldman Sachs on Tuesday, April 19. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “In-Line” rating by Evercore on Wednesday, February 14.

Since December 7, 2017, it had 0 insider buys, and 5 insider sales for $26.72 million activity. On Wednesday, April 4 Riccio Daniel J. sold $2.94 million worth of Apple Inc. (NASDAQ:AAPL) or 17,375 shares. 39,122 shares were sold by Maestri Luca, worth $6.83 million on Thursday, April 12.

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

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