As Pepsico INC (PEP) Shares Declined, Amf Pensionsforsakring Ab Has Trimmed Holding by $14.93 Million

August 19, 2018 - By Palma Niemeyer

PepsiCo, Inc. (NASDAQ:PEP) LogoInvestors sentiment is 0.86 in Q1 2018. Its the same as in 2017Q4. It is without 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. Richard Bernstein Advsr Limited stated it has 0.09% in PepsiCo, Inc. (NASDAQ:PEP). Town & Country Retail Bank & Com Dba First Bankers Com holds 2.7% or 47,092 shares in its portfolio. Jbf Cap reported 21,000 shares or 0.36% of all its holdings. Epoch Invest Prtn Incorporated holds 0.45% or 1.17M shares in its portfolio. Appleton Prtn Inc Ma reported 77,560 shares. Tcw Group has invested 0.92% in PepsiCo, Inc. (NASDAQ:PEP). Primecap Management Ca reported 0.02% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Villere St Denis J And Limited Liability Co holds 105,620 shares. Suntrust Banks Incorporated holds 498,790 shares or 0.36% of its portfolio. Joel Isaacson Ltd Llc reported 12,913 shares or 0.25% of all its holdings. Apg Asset Mngmt Nv reported 1.08% in PepsiCo, Inc. (NASDAQ:PEP). Belgium-based Kbc Nv has invested 0.7% in PepsiCo, Inc. (NASDAQ:PEP). Moreover, New England Rech And Mngmt has 0.5% invested in PepsiCo, Inc. (NASDAQ:PEP) for 6,812 shares. Hanson & Doremus Invest invested in 5,203 shares or 0.18% of the stock. Intrust Savings Bank Na reported 1.54% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP).

Amf Pensionsforsakring Ab decreased its stake in Pepsico Inc (PEP) by 8.71% based on its latest 2018Q1 regulatory filing with the SEC. Amf Pensionsforsakring Ab sold 136,927 shares as the company’s stock declined 9.58% with the market. The institutional investor held 1.44M shares of the consumer non-durables company at the end of 2018Q1, valued at $156.65 million, down from 1.57M at the end of the previous reported quarter. Amf Pensionsforsakring Ab who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $162.59 billion market cap company. The stock increased 0.62% or $0.71 during the last trading session, reaching $114.96. About 2.67 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since August 19, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

Amf Pensionsforsakring Ab, which manages about $9.61B US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 163,377 shares to 973,672 shares, valued at $92.09M in 2018Q1, according to the filing. It also increased its holding in United Parcel Service Inc (NYSE:UPS) by 113,570 shares in the quarter, for a total of 618,195 shares, and has risen its stake in Amgen Inc (NASDAQ:AMGN).

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on October, 3. They expect $1.56 EPS, up 5.41 % or $0.08 from last year’s $1.48 per share. PEP’s profit will be $2.21B for 18.42 P/E if the $1.56 EPS becomes a reality. After $1.61 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -3.11 % negative EPS growth.

More recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Nasdaq.com which released: “Claims of Herbicide in Cereal Are Back in the News” on August 17, 2018. Also Nasdaq.com published the news titled: “7 Consumer Mutual Funds for Defense-Minded Investors” on August 15, 2018. Nasdaq.com‘s news article titled: “PepsiCo Investors Should Be Happy CEO Indra Nooyi Is Out” with publication date: August 12, 2018 was also an interesting one.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 5 analysts covering PepsiCo (NYSE:PEP), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. PepsiCo had 5 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 17. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The firm earned “Neutral” rating on Wednesday, July 11 by Citigroup. As per Tuesday, July 3, the company rating was downgraded by Deutsche Bank. The rating was maintained by Morgan Stanley on Wednesday, July 11 with “Overweight”.

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

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