Birinyi Associates Increased Its Stake in Nvidia (NVDA) by $434,250; Pepsico (PEP) Shareholder Hrt Financial Decreased Position by $1.30 Million as Share Value Declined

May 26, 2018 - By Ruchi Gupta

PepsiCo, Inc. (NASDAQ:PEP) Logo

Hrt Financial Llc decreased its stake in Pepsico Inc (PEP) by 81.12% based on its latest 2017Q4 regulatory filing with the SEC. Hrt Financial Llc sold 10,933 shares as the company’s stock declined 9.24% with the market. The institutional investor held 2,545 shares of the consumer non-durables company at the end of 2017Q4, valued at $305,000, down from 13,478 at the end of the previous reported quarter. Hrt Financial Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $142.23B market cap company. The stock increased 0.13% or $0.13 during the last trading session, reaching $100.31. About 4.38 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 26, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Birinyi Associates Inc increased its stake in Nvidia Corp (NVDA) by 29.61% based on its latest 2017Q4 regulatory filing with the SEC. Birinyi Associates Inc bought 2,250 shares as the company’s stock rose 15.49% while stock markets declined. The institutional investor held 9,850 shares of the semiconductors company at the end of 2017Q4, valued at $1.91M, up from 7,600 at the end of the previous reported quarter. Birinyi Associates Inc who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $151.31 billion market cap company. The stock increased 0.64% or $1.59 during the last trading session, reaching $249.28. About 6.74M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 108.33% since May 26, 2017 and is uptrending. It has outperformed by 96.78% the S&P500.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It dived, 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. Symphony Asset Mngmt Lc accumulated 16,160 shares. Miller Inv Management LP reported 4,631 shares or 0.17% of all its holdings. Daiwa Sb Invs Ltd has 7,010 shares. Agf Invests stated it has 0.23% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Moreover, First Midwest Bankshares Tru Division has 1.05% invested in PepsiCo, Inc. (NASDAQ:PEP) for 70,474 shares. Td Limited Co accumulated 8,572 shares. Grand Jean Capital Mgmt reported 83,899 shares. Rhumbline Advisers reported 2.55M shares or 0.62% of all its holdings. Griffin Asset Management Inc stated it has 54,529 shares or 1.16% of all its holdings. Bradley Foster Sargent Incorporated Ct invested in 457,872 shares or 1.99% of the stock. Orrstown Financial invested 1.79% in PepsiCo, Inc. (NASDAQ:PEP). Wealthfront holds 0.07% or 50,472 shares in its portfolio. Arizona State Retirement System, a Arizona-based fund reported 378,324 shares. North Star Asset reported 26,561 shares. Boltwood Capital Management reported 12,872 shares.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Wednesday, October 7. Goldman Sachs maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, June 29. Goldman Sachs has “Neutral” rating and $104 target. BMO Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Tuesday, July 11. BMO Capital Markets has “Hold” rating and $12000 target. Jefferies downgraded the shares of PEP in report on Monday, October 2 to “Hold” rating. RBC Capital Markets maintained the shares of PEP in report on Tuesday, August 1 with “Hold” rating. Jefferies maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Thursday, June 22. Jefferies has “Buy” rating and $12700 target. Cowen & Co maintained the stock with “Buy” rating in Tuesday, July 11 report. RBC Capital Markets maintained it with “Hold” rating and $115.0 target in Tuesday, September 5 report. The firm has “Neutral” rating by Credit Suisse given on Thursday, October 5. Jefferies maintained it with “Buy” rating and $133.0 target in Tuesday, August 15 report.

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Bizjournals.com which published an article titled: “PepsiCo buys SF-based Bare Foods as food giants shop Bay Area for innovation” on May 25, 2018.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on July, 10. They expect $1.52 EPS, up 1.33% or $0.02 from last year’s $1.5 per share. PEP’s profit will be $2.16B for 16.50 P/E if the $1.52 EPS becomes a reality. After $0.96 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

Since December 13, 2017, it had 0 insider buys, and 7 sales for $22.84 million activity. The insider PERRY MARK L sold $3.94M. 5,141 shares were sold by Drell Persis, worth $1.13 million on Wednesday, March 28. Byron Michael also sold $23,496 worth of NVIDIA Corporation (NASDAQ:NVDA) on Friday, March 2. Shoquist Debora sold $7.67 million worth of stock. Shares for $31,732 were sold by Kress Colette on Wednesday, December 13.

Investors sentiment decreased to 1.21 in Q4 2017. Its down 0.09, from 1.3 in 2017Q3. It dived, as 59 investors sold NVDA shares while 301 reduced holdings. 113 funds opened positions while 321 raised stakes. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported. Wellington Management Grp Llp has invested 0.21% in NVIDIA Corporation (NASDAQ:NVDA). 700,961 are owned by Guggenheim Cap Ltd Liability Com. Amer Rech & Mgmt has 1.09% invested in NVIDIA Corporation (NASDAQ:NVDA) for 18,252 shares. Mark Asset Mngmt Corp reported 113,580 shares or 5.51% of all its holdings. Harvey Capital Mgmt Incorporated, a Florida-based fund reported 2,000 shares. Fifth Third Natl Bank holds 0% or 2,560 shares. Primecap Management Ca reported 13.96 million shares. Ifc Holdings Incorporated Fl has invested 0.11% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Moreover, Captrust has 0% invested in NVIDIA Corporation (NASDAQ:NVDA) for 305 shares. Shamrock Asset Management Limited Liability invested in 0.06% or 500 shares. Moreover, Rafferty Asset Management Limited Company has 0.6% invested in NVIDIA Corporation (NASDAQ:NVDA) for 179,872 shares. Park Circle Company has invested 0.09% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). 817,480 are held by Eaton Vance Mgmt. Adage Gp Ltd Liability Corp, a Massachusetts-based fund reported 854,404 shares. Pinebridge Invs Limited Partnership stated it has 8,063 shares.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com which released: “Nvidia: Covered Call Strategy” on May 21, 2018, also Benzinga.com with their article: “Morgan Stanley Lifts Nvidia Price Target After Strong Q1” published on May 11, 2018, Benzinga.com published: “Cowen Models 30% Upside In Nvidia” on May 18, 2018. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Forbes.com and their article: “A Look At Our $208 Valuation For Nvidia” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Crypto Will Have Little Lasting Effect on Nvidia Corporation” with publication date: May 15, 2018.

Among 45 analysts covering Nvidia Corporation (NASDAQ:NVDA), 27 have Buy rating, 3 Sell and 15 Hold. Therefore 60% are positive. Nvidia Corporation had 205 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by Citigroup on Friday, February 9. Nomura upgraded the shares of NVDA in report on Friday, November 10 to “Hold” rating. RBC Capital Markets maintained it with “Buy” rating and $230.0 target in Friday, October 27 report. Roth Capital downgraded the shares of NVDA in report on Monday, February 6 to “Neutral” rating. Susquehanna initiated NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, September 20 with “Neutral” rating. The company was maintained on Friday, November 10 by BMO Capital Markets. The rating was maintained by Canaccord Genuity with “Buy” on Friday, November 11. On Tuesday, August 8 the stock rating was maintained by BMO Capital Markets with “Sell”. The company was maintained on Friday, November 6 by Morgan Stanley. The rating was reinitiated by RBC Capital Markets with “Sector Perform” on Friday, August 28.

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

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