Pepsico (PEP) Holder Lafayette Investments Trimmed Its Position as Share Price Declined; As Synchrony Financial (SYF) Stock Value Declined, Holder Hallmark Capital Management Has Boosted Its Stake

August 12, 2018 - By Palma Niemeyer

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Lafayette Investments Inc decreased its stake in Pepsico Inc (PEP) by 5.73% based on its latest 2018Q1 regulatory filing with the SEC. Lafayette Investments Inc sold 3,045 shares as the company’s stock declined 9.58% with the market. The institutional investor held 50,093 shares of the consumer non-durables company at the end of 2018Q1, valued at $5.47 million, down from 53,138 at the end of the previous reported quarter. Lafayette Investments Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $159.63B market cap company. The stock decreased 0.73% or $0.83 during the last trading session, reaching $112.87. About 3.71 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since August 12, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

Hallmark Capital Management Inc increased its stake in Synchrony Financial (SYF) by 3.33% based on its latest 2018Q1 regulatory filing with the SEC. Hallmark Capital Management Inc bought 14,465 shares as the company’s stock declined 4.76% with the market. The institutional investor held 448,849 shares of the consumer services company at the end of 2018Q1, valued at $15.05 million, up from 434,384 at the end of the previous reported quarter. Hallmark Capital Management Inc who had been investing in Synchrony Financial for a number of months, seems to be bullish on the $21.78 billion market cap company. The stock decreased 1.90% or $0.57 during the last trading session, reaching $29.41. About 5.21 million shares traded. Synchrony Financial (NYSE:SYF) has risen 30.77% since August 12, 2017 and is uptrending. It has outperformed by 18.20% the S&P500. Some Historical SYF News: 20/04/2018 – SYNCHRONY FINANCIAL 1Q EPS 83C; 10/05/2018 – SYNCHRONY TO ACQUIRE LOOP COMMERCE, NO TERMS; 17/05/2018 – S&PGR Affirms Synchrony Financial ‘BBB-‘ Rtg; Outlook Stable; 11/05/2018 – MEDTRONIC: INVESTIGATIONAL ALGORITHM MAY RESTORE AV SYNCHRONY; 15/05/2018 – Synchrony: At April 30, 30 Days-Plus Past Due Percentage Was 4.3%; 10/05/2018 – SYNCHRONY FINANCIAL – DEAL IS NOT EXPECTED TO HAVE MATERIAL IMPACT ON SYNCHRONY’S FINANCIAL RESULTS; 15/05/2018 – Synchrony: At April 30, Adjusted Net Charge-Off Rate Was 6.4%; 17/05/2018 – Synchrony Financial Approves a Share-Repurchase Program of Up to $2.2 B Through June 30, 2019; 07/03/2018 – SYNCHRONY IS SAID REJECTED A$8B BIDDER FOR LATITUDE: AUSTRALIAN; 14/03/2018 – Synchrony Appoints Trish Mosconi Executive Vice Pres, Business Strategy and Development

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on October, 3. They expect $1.57 earnings per share, up 6.08% or $0.09 from last year’s $1.48 per share. PEP’s profit will be $2.22B for 17.97 P/E if the $1.57 EPS becomes a reality. After $1.61 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -2.48% negative EPS growth.

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Nasdaq.com which released: “PepsiCo, Inc. to Join the NASDAQ-100 Index Beginning July 23, 2018” on July 17, 2018, also Nasdaq.com with their article: “3 Big Stock Charts for Thursday: PepsiCo, American International Group and Hilton Hotels” published on August 09, 2018, Benzinga.com published: “The Legacy Of Outgoing PepsiCo CEO Indra Nooyi” on August 06, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Benzinga.com and their article: “Madison Square Garden Strikes Sponsorship Deal With Pepsi, Ending Century-Long Coke Partnership” published on July 24, 2018 as well as Nasdaq.com‘s news article titled: “Pepsi Stock Should Continue to Satisfy Investors” with publication date: July 27, 2018.

Among 23 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 14 Hold. Therefore 35% are positive. PepsiCo had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan on Tuesday, March 21 with “Overweight”. The firm earned “Overweight” rating on Tuesday, April 19 by Barclays Capital. Goldman Sachs maintained it with “Neutral” rating and $104 target in Wednesday, June 29 report. The company was maintained on Thursday, March 23 by BMO Capital Markets. Stifel Nicolaus maintained PepsiCo, Inc. (NASDAQ:PEP) on Friday, December 22 with “Hold” rating. The rating was maintained by Jefferies with “Buy” on Thursday, June 22. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Monday, October 2 by Jefferies. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 11 report. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. RBC Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Tuesday, August 1. RBC Capital Markets has “Hold” rating and $11500 target.

Lafayette Investments Inc, which manages about $370.11 million and $267.55M US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 15,003 shares to 27,406 shares, valued at $1.43 million in 2018Q1, according to the filing.

Investors sentiment is 0.86 in 2018 Q1. 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. Moreover, Tiemann Invest Advsr Ltd has 0.18% invested in PepsiCo, Inc. (NASDAQ:PEP). Beaumont Fincl Limited Co has invested 0.95% in PepsiCo, Inc. (NASDAQ:PEP). Natl Bank Of Hawaii owns 52,412 shares or 0.48% of their US portfolio. Stillwater Capital Advisors Limited Liability Corp holds 88,457 shares. Cullinan Assoc Inc accumulated 123,337 shares. Pekin Singer Strauss Asset Il reported 0.79% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). New York-based Cibc Mkts has invested 0.39% in PepsiCo, Inc. (NASDAQ:PEP). Texas Permanent School Fund reported 367,451 shares. Warren Averett Asset Mgmt Limited Liability Company has 3,543 shares. Horan Capital Mgmt owns 41,110 shares or 0.97% of their US portfolio. Parsons Cap Mngmt Inc Ri accumulated 55,033 shares. Lederer & Associates Investment Counsel Ca holds 0.43% or 4,350 shares in its portfolio. Gideon Cap Advisors Incorporated owns 12,783 shares for 0.86% of their portfolio. 15,096 were reported by Jfs Wealth Advsr. Ferguson Wellman Mgmt, Oregon-based fund reported 130,786 shares.

Among 30 analysts covering Synchrony Financial (NYSE:SYF), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Synchrony Financial had 82 analyst reports since July 20, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Hold” rating in Friday, July 21 report. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by Bank of America on Thursday, December 15. As per Tuesday, October 20, the company rating was upgraded by Nomura. The firm earned “Buy” rating on Wednesday, August 23 by BMO Capital Markets. Jefferies maintained the stock with “Buy” rating in Friday, October 20 report. Wells Fargo maintained it with “Market Perform” rating and $35 target in Monday, October 23 report. The firm has “Neutral” rating given on Wednesday, May 11 by Macquarie Research. The firm has “Buy” rating by Deutsche Bank given on Wednesday, May 4. The stock of Synchrony Financial (NYSE:SYF) earned “Equal-Weight” rating by Morgan Stanley on Monday, April 30. As per Tuesday, October 10, the company rating was initiated by Wells Fargo.

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

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