Valley National Advisers Lowered Its Ppg Inds (PPG) Holding by $346,293; Pepsico (PEP) Market Valuation Declined While Triangle Securities Wealth Management Has Upped Holding

June 14, 2018 - By Ash

PepsiCo, Inc. (NASDAQ:PEP) Logo

Triangle Securities Wealth Management increased its stake in Pepsico Inc (PEP) by 17.01% based on its latest 2018Q1 regulatory filing with the SEC. Triangle Securities Wealth Management bought 3,117 shares as the company’s stock declined 9.58% with the market. The institutional investor held 21,444 shares of the consumer non-durables company at the end of 2018Q1, valued at $2.34 million, up from 18,327 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $148.93B market cap company. The stock decreased 0.22% or $0.23 during the last trading session, reaching $105.04. About 2.82M shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 14, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: 26/04/2018 – PEPSICO INC FY2018 SHR VIEW $5.71, REV VIEW $65.39 BLN — THOMSON REUTERS l/B/E/S; 26/04/2018 – PEPSICO CEO: WILL STEP UP ADS ON PEPSI, FOCUS ON DIET, 0 SUGAR; 26/04/2018 – Pepsi tops estimates, promises more investments in N. America; 26/04/2018 – PEPSICO QTRLY SHR $0.94; QTRLY CORE SHR $0.96; QTRLY NET REV $12.56 BLN, UP 4 PCT; 20/04/2018 – PepsiCo Announces Webcast of Annual Shareholders’ Meeting; 26/04/2018 – PepsiCo 1Q Asia, Middle East and North Africa Rev $1.04B; 09/03/2018 – TriadBusinessJournal: Former Duke star Grant Hill’s ad with Pepsi-owned Mtn Dew upsets NCAA sponsor Coca-Cola, sources say -…; 25/05/2018 – Dean Best: Breaking: The first acquisition in food for some time by @PepsiCo, striking deal to buy US healthy snacks firm; 26/04/2018 – PepsiCo 1Q Organic Revenue Up 2.3%; 26/04/2018 – PEPSICO SEES 2018 ORGANIC REV GROWTH TO BE AT LEAST IN LINE WITH 2017 GROWTH RATE OF 2.3 PCT

Valley National Advisers Inc decreased its stake in Ppg Inds Inc (PPG) by 93.3% based on its latest 2018Q1 regulatory filing with the SEC. Valley National Advisers Inc sold 3,177 shares as the company’s stock declined 12.02% with the market. The institutional investor held 228 shares of the basic industries company at the end of 2018Q1, valued at $25,000, down from 3,405 at the end of the previous reported quarter. Valley National Advisers Inc who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $25.79B market cap company. The stock increased 0.12% or $0.12 during the last trading session, reaching $103.42. About 1.05 million shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 14, 2017 and is downtrending. It has underperformed by 15.85% the S&P500. Some Historical PPG News: 28/03/2018 – PPG INDUSTRIES INC PPG.N : BMO STARTS WITH MARKET PERFORM RATING AND $123 TARGET PRICE; 14/05/2018 – FITCH: PPG’S FILING DELAY MANAGEABLE IN CONTEXT OF ‘A-‘ IDR; 21/04/2018 – DJ PPG Industries Inc, Inst Holders, 1Q 2018 (PPG); 10/05/2018 – PPG INDUSTRIES INC – APART FROM INVESTIGATION, CO HAS IDENTIFIED CERTAIN INADVERTENT ERRORS WITH RESPECT TO QUARTER ENDED MARCH 31, 2018; 19/04/2018 – PPG Directors Announce Quarterly Dividend of 45 Cents Per Share; 10/05/2018 – PPG: Investigation Has Also Identified Improper Shifting of Pre-Tax Expense Between Qtrly Periods in 2017; 01/05/2018 – PPG Joins World Alliance for Efficient Solutions; 10/05/2018 – PPG Industries: Unable to Predict the Timing or Outcome of the Investigation; 14/05/2018 – Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting; 19/04/2018 – PPG – AUDIT COMMITTEE OF BOARD IS OVERSEEING INVESTIGATION OF MATTERS WITH ASSISTANCE OF OUTSIDE COUNSEL

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 stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Wednesday, October 7 by S&P Research. The firm has “Sell” rating by Goldman Sachs given on Tuesday, April 17. Jefferies downgraded the stock to “Hold” rating in Monday, October 2 report. The stock has “Buy” rating by Susquehanna on Thursday, July 6. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. Cowen & Co maintained it with “Buy” rating and $12800 target in Tuesday, July 11 report. As per Wednesday, June 7, the company rating was downgraded by BMO Capital Markets. On Friday, September 30 the stock rating was maintained by Jefferies with “Buy”. Credit Suisse maintained the stock with “Neutral” rating in Thursday, October 5 report. The firm earned “Overweight” rating on Tuesday, April 19 by JP Morgan.

Investors sentiment is 0.86 in 2018 Q1. Its the same as in 2017Q4. It has no change, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Reilly Financial Advsrs Ltd Liability Com accumulated 99,122 shares. Meridian Counsel owns 4,495 shares or 0.28% of their US portfolio. Philadelphia Tru reported 0.07% stake. Capwealth Advsr Limited Com owns 76,126 shares for 1.64% of their portfolio. Northeast Invest Mgmt accumulated 114,310 shares. The Ohio-based Foster Motley has invested 0.64% in PepsiCo, Inc. (NASDAQ:PEP). Bbr Ptnrs Ltd owns 14,349 shares or 0.28% of their US portfolio. Gsa Capital Llp has 23,424 shares for 0.14% of their portfolio. Baltimore accumulated 1.83% or 76,966 shares. First Heartland Consultants owns 5,123 shares. Nomura Holdg invested in 0.06% or 630,273 shares. Regent Investment Mgmt Ltd Liability Corporation reported 7,921 shares. Goelzer Invest Management accumulated 49,211 shares. Highstreet Asset invested in 0.16% or 22,319 shares. Alesco Advsrs Llc reported 3,169 shares stake.

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Nasdaq.com which released: “New Research: Key Drivers of Growth for CBIZ, Range Resources, Pepsico, Kirby, Moog, and American Water Works …” on June 11, 2018, also Bizjournals.com with their article: “PepsiCo buys SF-based Bare Foods as food giants shop Bay Area for innovation” published on May 25, 2018, Fool.com published: “PepsiCo Bares Its Intentions With Its Latest Health Food Acquisition” on June 12, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Livetradingnews.com and their article: “PepsiCo, Inc. (NASDAQ:PEP) Heffx Trading Review” published on May 29, 2018 as well as Nasdaq.com‘s news article titled: “Like Dividends? I Bet You’ll Love These 3 Stocks” with publication date: June 04, 2018.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.02, from 1 in 2017Q4. It turned negative, as 42 investors sold PPG shares while 246 reduced holdings. 66 funds opened positions while 215 raised stakes. 183.14 million shares or 1.72% less from 186.33 million shares in 2017Q4 were reported. First Citizens Bank & Trust Tru holds 0.03% in PPG Industries, Inc. (NYSE:PPG) or 2,201 shares. Virginia Retirement Sys Et Al stated it has 32,200 shares or 0.04% of all its holdings. The Japan-based Norinchukin Financial Bank The has invested 0.04% in PPG Industries, Inc. (NYSE:PPG). Pittenger Anderson has 0.41% invested in PPG Industries, Inc. (NYSE:PPG). Suntrust Banks holds 0.03% or 38,422 shares in its portfolio. Holderness Invests holds 1,950 shares or 0.11% of its portfolio. Vigilant Cap Management Lc owns 160 shares. Mckinley Carter Wealth invested in 934 shares or 0.03% of the stock. King Luther Management Corp invested in 3,640 shares. S&T Bankshares Pa owns 3,757 shares. Virtu Fincl Lc, a New York-based fund reported 8,549 shares. 3,984 are owned by Provident Trust Co. Cap World accumulated 0.07% or 2.72M shares. Hyman Charles D stated it has 4,200 shares. Cordasco Financial Ntwk invested 0.07% of its portfolio in PPG Industries, Inc. (NYSE:PPG).

Since February 22, 2018, it had 0 buys, and 1 sale for $1.10 million activity.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bizjournals.com which released: “PPG gets 6 months to file quarterly report from NYSE” on May 23, 2018, also Bizjournals.com with their article: “PPG goes green for 2019 color of the year” published on June 13, 2018, Businesswire.com published: “PPG to Enhance Distribution Capabilities for Architectural Paint, Coatings With New Facility in Flower Mound, Texas” on June 05, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “PPG to Introduce Low-Energy Paint Process for Automotive OEMs During Inaugural SURCAR North American Congress” published on June 12, 2018 as well as Digitaljournal.com‘s news article titled: “Lawsuit for Investors in Shares of PPG Industries, Inc. (NYSE: PPG) Announced by Shareholders Foundation” with publication date: June 13, 2018.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 82 analyst reports since September 6, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, September 25. On Wednesday, January 24 the stock rating was maintained by Citigroup with “Neutral”. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Wednesday, January 17 by Atlantic Securities. UBS upgraded PPG Industries, Inc. (NYSE:PPG) rating on Friday, October 16. UBS has “Buy” rating and $122 target. On Friday, January 19 the stock rating was maintained by Northcoast with “Buy”. The stock of PPG Industries, Inc. (NYSE:PPG) has “Hold” rating given on Friday, October 20 by SunTrust. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Jefferies on Tuesday, January 2. The stock has “Buy” rating by Robert W. Baird on Friday, April 20. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Monday, July 24 by Bank of America. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, October 17. RBC Capital Markets has “Hold” rating and $112.0 target.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 earnings per share, up 3.83% or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.71M for 13.61 P/E if the $1.90 EPS becomes a reality. After $1.39 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69% EPS growth.

Valley National Advisers Inc, which manages about $555.94 million and $268.95M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHX) by 21,982 shares to 80,853 shares, valued at $5.10M in 2018Q1, according to the filing. It also increased its holding in Becton Dickinson & Co (NYSE:BDX) by 1,468 shares in the quarter, for a total of 8,377 shares, and has risen its stake in Amgen Inc (NASDAQ:AMGN).

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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