General Communication (GNCMA) Holder Water Island Capital Lowered Its Position by $12.65 Million; Pepsico (PEP) Stock Price Declined While Academy Capital Management Has Decreased Its Holding by $5.94 Million

April 18, 2018 - By Darrin Black

PepsiCo, Inc. (NASDAQ:PEP) Logo

Academy Capital Management Inc decreased its stake in Pepsico Inc (PEP) by 30.03% based on its latest 2017Q4 regulatory filing with the SEC. Academy Capital Management Inc sold 49,908 shares as the company’s stock declined 9.24% with the market. The institutional investor held 116,300 shares of the consumer non-durables company at the end of 2017Q4, valued at $13.95M, down from 166,208 at the end of the previous reported quarter. Academy Capital Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $151.97B market cap company. The stock decreased 1.66% or $1.8068 during the last trading session, reaching $107.0632. About 4.28 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 18, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

John Orrico decreased its stake in General Communication Inc (GNCMA) by 49.16% based on its latest 2017Q4 regulatory filing with the SEC. Water Island Capital Llc sold 324,249 shares as the company’s stock 0.00% . The hedge fund run by John Orrico held 335,377 shares of the public utilities company at the end of 2017Q4, valued at $13.09 million, down from 659,626 at the end of the previous reported quarter. Water Island Capital Llc who had been investing in General Communication Inc for a number of months, seems to be less bullish one the $1.31B market cap company. The stock decreased 3.48% or $1.31 during the last trading session, reaching $36.28. About 12.70 million shares traded or 2359.89% up from the average. GCI Liberty, Inc. (NASDAQ:GNCMA) has 0.00% since April 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 EPS, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31B for 29.09 P/E if the $0.92 EPS becomes a reality. After $1.31 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.08, from 0.94 in 2017Q3. It turned negative, 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. Perkins Coie Trust holds 1.7% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 28,388 shares. Shell Asset Management Communications holds 356,109 shares or 0.85% of its portfolio. Dimensional Fund Advsr LP holds 3.78 million shares. Guardian Cap Advsr Limited Partnership has 85,481 shares for 1.34% of their portfolio. Fny Managed Accounts Lc owns 467 shares. North Carolina-based Capital Counsel has invested 0.22% in PepsiCo, Inc. (NASDAQ:PEP). 61,568 are owned by Grace & White Inc. Icon Advisers Incorporated holds 0.05% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 6,100 shares. Synovus accumulated 190,976 shares or 0.4% of the stock. Symphony Asset Management Ltd Liability Company, a California-based fund reported 16,160 shares. Moreover, Northern Mgmt Ltd Liability Company has 0.56% invested in PepsiCo, Inc. (NASDAQ:PEP). Oak Oh holds 239,665 shares. Moreover, Bainco Intll has 0.04% invested in PepsiCo, Inc. (NASDAQ:PEP) for 2,977 shares. Bragg Fin Advsrs reported 39,083 shares. Ssi Inv Mgmt has 0.04% invested in PepsiCo, Inc. (NASDAQ:PEP) for 4,290 shares.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 68 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, August 15 the stock rating was maintained by Jefferies with “Buy”. As per Friday, July 8, the company rating was maintained by Deutsche Bank. As per Wednesday, October 7, the company rating was maintained by UBS. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Friday, March 24 by RBC Capital Markets. Wells Fargo maintained PepsiCo, Inc. (NASDAQ:PEP) on Thursday, January 4 with “Hold” rating. Credit Suisse maintained the stock with “Hold” rating in Thursday, February 1 report. S&P Research maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, October 7. S&P Research has “Hold” rating and $103 target. On Friday, September 30 the stock rating was maintained by Jefferies with “Buy”. The stock has “Hold” rating by Jefferies on Thursday, January 4. Credit Suisse maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Thursday, October 5. Credit Suisse has “Neutral” rating and $122 target.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.32, from 0.78 in 2017Q3. It increased, as 7 investors sold GNCMA shares while 42 reduced holdings. 18 funds opened positions while 36 raised stakes. 20.08 million shares or 2.56% less from 20.61 million shares in 2017Q3 were reported. Halcyon Prtn Ltd Partnership accumulated 0.98% or 171,622 shares. Parkside Fincl Bank And Trust owns 0% invested in GCI Liberty, Inc. (NASDAQ:GNCMA) for 20 shares. Institute For Wealth Management Ltd accumulated 10,603 shares or 0.1% of the stock. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in GCI Liberty, Inc. (NASDAQ:GNCMA). Spark Invest Mngmt Ltd Llc has 50,500 shares. Jpmorgan Chase & has invested 0% of its portfolio in GCI Liberty, Inc. (NASDAQ:GNCMA). Gabelli Investment Advisers holds 0.98% or 189,232 shares in its portfolio. Prelude Ltd Liability holds 10,000 shares. Rhumbline Advisers reported 68,409 shares or 0.01% of all its holdings. Magnetar Finance Ltd owns 1.05% invested in GCI Liberty, Inc. (NASDAQ:GNCMA) for 1.10M shares. 18,248 were reported by National Bank & Trust Of America De. Moreover, Ls Invest Advisors Limited Liability Corp has 0% invested in GCI Liberty, Inc. (NASDAQ:GNCMA). Ameritas Invest Prtnrs has invested 0% in GCI Liberty, Inc. (NASDAQ:GNCMA). Teacher Retirement Sys Of Texas, a Texas-based fund reported 8,069 shares. Bluefin Trading Ltd Limited Liability Company has 0.12% invested in GCI Liberty, Inc. (NASDAQ:GNCMA) for 48,662 shares.

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

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