Waters (WAT) Shareholder Veritas Asset Management Llp Decreased Stake by $4.21 Million; First Republic Investment Management Lowered Pepsico (PEP) Position as Stock Value Rose

January 23, 2018 - By Michael Collier

Veritas Asset Management Llp decreased its stake in Waters Corp (WAT) by 0.98% based on its latest 2017Q3 regulatory filing with the SEC. Veritas Asset Management Llp sold 23,500 shares as the company’s stock rose 13.72% with the market. The institutional investor held 2.37 million shares of the laboratory analytical instruments company at the end of 2017Q3, valued at $426.34 million, down from 2.40 million at the end of the previous reported quarter. Veritas Asset Management Llp who had been investing in Waters Corp for a number of months, seems to be less bullish one the $17.08B market cap company. The stock increased 1.92% or $4.05 during the last trading session, reaching $214.77. About 1.24 million shares traded or 175.17% up from the average. Waters Corporation (NYSE:WAT) has risen 30.08% since January 23, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

First Republic Investment Management Inc decreased its stake in Pepsico Inc (PEP) by 5.47% based on its latest 2017Q3 regulatory filing with the SEC. First Republic Investment Management Inc sold 72,649 shares as the company’s stock rose 5.12% with the market. The hedge fund held 1.26 million shares of the consumer non-durables company at the end of 2017Q3, valued at $139.85M, down from 1.33 million at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $172.80 billion market cap company. The stock increased 1.12% or $1.34 during the last trading session, reaching $121.51. About 4.31M shares traded or 19.55% up from the average. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 23, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 earnings per share, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85 billion for 23.37 P/E if the $1.30 EPS becomes a reality. After $1.48 actual earnings per share reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $7.21 million activity. 41,489 Pepsico, Inc. (NASDAQ:PEP) shares with value of $4.84 million were sold by Gallagher Marie T..

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.19, from 0.75 in 2017Q2. It improved, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Stewart & Patten Ltd reported 0.19% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Destination Wealth Mngmt invested 0.3% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Ontario Teachers Pension Plan Board accumulated 89,602 shares. Moreover, Dupont has 0.37% invested in Pepsico, Inc. (NASDAQ:PEP). Td Asset holds 2.23 million shares or 0.37% of its portfolio. Mutual Ins Federation Of Agricultural Cooperatives holds 26,300 shares. Buffington Mohr Mcneal has invested 0.91% in Pepsico, Inc. (NASDAQ:PEP). Alliancebernstein LP stated it has 0.55% in Pepsico, Inc. (NASDAQ:PEP). Somerset Group Incorporated holds 0.79% in Pepsico, Inc. (NASDAQ:PEP) or 7,815 shares. Wellington Shields & holds 14,665 shares. Legg Mason Asset Mgmt (Japan) Limited reported 31,900 shares stake. Private Harbour Management & Counsel Limited has 1.58% invested in Pepsico, Inc. (NASDAQ:PEP). The California-based American Assets Invest Limited Liability Company has invested 0.84% in Pepsico, Inc. (NASDAQ:PEP). Hills Bank & Trust & Tru reported 54,249 shares. Advisory Rech Inc reported 3,033 shares stake.

Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, May 26 by RBC Capital Markets. On Tuesday, April 19 the stock rating was maintained by Goldman Sachs with “Neutral”. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Buy” rating by Jefferies on Thursday, July 6. Credit Suisse downgraded the shares of PEP in report on Friday, September 8 to “Neutral” rating. Credit Suisse initiated the shares of PEP in report on Friday, September 16 with “Outperform” rating. On Thursday, October 12 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Buy” rating by Societe Generale on Monday, December 12. The company was maintained on Thursday, July 6 by Susquehanna. Nomura upgraded Pepsico, Inc. (NASDAQ:PEP) on Monday, November 23 to “Neutral” rating. Cowen & Co maintained Pepsico, Inc. (NASDAQ:PEP) on Tuesday, July 11 with “Buy” rating.

First Republic Investment Management Inc, which manages about $25.99B and $13.89 billion US Long portfolio, upped its stake in Golub Cap Bdc Inc (NASDAQ:GBDC) by 22,395 shares to 265,425 shares, valued at $5.00M in 2017Q3, according to the filing. It also increased its holding in O Reilly Automotive Inc New (NASDAQ:ORLY) by 3,062 shares in the quarter, for a total of 12,891 shares, and has risen its stake in Spdr Series Trust (XBI).

Since August 8, 2017, it had 0 insider buys, and 6 selling transactions for $23.37 million activity. $3.42 million worth of Waters Corporation (NYSE:WAT) shares were sold by Khanna Rohit. $4.34M worth of Waters Corporation (NYSE:WAT) was sold by TERRICCIANO DAVID on Friday, December 15. Shares for $628,845 were sold by KUEBLER CHRISTOPHER A on Tuesday, August 8. $4.71 million worth of Waters Corporation (NYSE:WAT) was sold by Cassis Eugene G.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.09, from 1.08 in 2017Q2. It worsened, as 36 investors sold WAT shares while 163 reduced holdings. 48 funds opened positions while 150 raised stakes. 73.71 million shares or 3.26% more from 71.38 million shares in 2017Q2 were reported. Fifth Third Fincl Bank reported 0% stake. 94,399 are owned by Robeco Institutional Asset Mngmt Bv. 8,374 were accumulated by Brown Brothers Harriman. Denali Advisors reported 12,100 shares. 3,123 were accumulated by Brown Mngmt Ltd. Rhode Island-based Parsons Mngmt Ri has invested 0.22% in Waters Corporation (NYSE:WAT). Goldman Sachs Grp Incorporated, a New York-based fund reported 799,025 shares. 898,100 were reported by Renaissance Technologies Lc. Cleararc stated it has 2,033 shares or 0.05% of all its holdings. Northwest Counselors Ltd Liability owns 3,905 shares. Salem Counselors reported 300 shares. Raymond James Tru Na holds 0.02% or 1,873 shares. Hightower Advisors Ltd Liability Company has 2,086 shares. Cornerstone Advsrs reported 0.01% stake. 809,010 are held by Glenmede Trust Na.

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