As Pepsico (PEP) Stock Declined, Hm Payson & Company Trimmed Holding; Beach Point Capital Management LP Stake In Nexstar Media Group (NXST) Was Has Boosted

April 24, 2018 - By Peter Erickson

PepsiCo, Inc. (NASDAQ:PEP) Logo

Carl Goldsmith increased its stake in Nexstar Media Group Inc (NXST) by 36.26% based on its latest 2017Q4 regulatory filing with the SEC. Beach Point Capital Management Lp bought 118,764 shares as the company’s stock declined 14.98% with the market. The hedge fund run by Carl Goldsmith held 446,300 shares of the consumer services company at the end of 2017Q4, valued at $34.90M, up from 327,536 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Nexstar Media Group Inc for a number of months, seems to be bullish on the $2.96 billion market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $64.25. About 7,386 shares traded. Nexstar Media Group, Inc. (NASDAQ:NXST) has declined 3.18% since April 24, 2017 and is downtrending. It has underperformed by 14.73% the S&P500.

Hm Payson & Company decreased its stake in Pepsico Inc (PEP) by 4.54% based on its latest 2017Q4 regulatory filing with the SEC. Hm Payson & Company sold 9,022 shares as the company’s stock declined 9.24% with the market. The institutional investor held 189,623 shares of the consumer non-durables company at the end of 2017Q4, valued at $22.74 million, down from 198,645 at the end of the previous reported quarter. Hm Payson & Company who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $144.87B market cap company. The stock decreased 0.51% or $0.52 during the last trading session, reaching $102.06. About 352,682 shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 24, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

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. Cowen & Co maintained the shares of PEP in report on Tuesday, July 11 with “Buy” rating. The firm earned “Hold” rating on Friday, March 24 by RBC Capital Markets. On Thursday, October 12 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Credit Suisse on Thursday, October 5. Cowen & Co maintained the stock with “Buy” rating in Thursday, August 10 report. The firm earned “Buy” rating on Monday, February 12 by Susquehanna. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 22. The firm has “Buy” rating given on Thursday, July 6 by Jefferies. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Sterne Agee CRT on Friday, February 26. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Buy” rating by Susquehanna on Thursday, July 6.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 earnings per share, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31 billion for 27.73 P/E if the $0.92 EPS becomes a reality. After $1.31 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It fall, 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. Winch Advisory Ltd Co, a Wisconsin-based fund reported 409 shares. Wesbanco State Bank, a West Virginia-based fund reported 162,784 shares. Live Your Vision Limited Liability Company stated it has 110 shares. Foster Motley Inc has invested 0.94% in PepsiCo, Inc. (NASDAQ:PEP). Moreover, Jarislowsky Fraser Ltd has 1.15% invested in PepsiCo, Inc. (NASDAQ:PEP) for 1.64M shares. Moreover, First Natl Bank has 1.71% invested in PepsiCo, Inc. (NASDAQ:PEP) for 86,313 shares. Lombard Odier Asset (Europe) Limited reported 0.12% stake. Aviance Capital Partners Ltd owns 8,609 shares. Meiji Yasuda Life Insurance Company has invested 0.69% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Fort Point Prtnrs Limited Liability Com reported 3,683 shares. Scott And Selber Incorporated stated it has 2,975 shares or 0.19% of all its holdings. Glg Ltd Liability Corporation reported 0.57% stake. Rothschild Asset Mngmt Inc has invested 0.75% in PepsiCo, Inc. (NASDAQ:PEP). South Dakota Invest Council holds 0.55% in PepsiCo, Inc. (NASDAQ:PEP) or 207,894 shares. Cap Investment Limited Co has invested 0.21% in PepsiCo, Inc. (NASDAQ:PEP).

Hm Payson & Company, which manages about $2.21B and $2.49 billion US Long portfolio, upped its stake in Danaher Corp (NYSE:DHR) by 5,348 shares to 213,314 shares, valued at $19.80M in 2017Q4, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 8,539 shares in the quarter, for a total of 192,545 shares, and has risen its stake in Vanguard Emerging Markets Stock (VWO).

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.29, from 1.37 in 2017Q3. It is negative, as 36 investors sold NXST shares while 70 reduced holdings. 46 funds opened positions while 69 raised stakes. 49.44 million shares or 6.28% more from 46.52 million shares in 2017Q3 were reported. Hound Prtnrs Limited Liability Corporation invested 7.84% in Nexstar Media Group, Inc. (NASDAQ:NXST). Nomura Incorporated, Japan-based fund reported 173,743 shares. Geode Capital Mgmt Ltd Liability holds 0.01% in Nexstar Media Group, Inc. (NASDAQ:NXST) or 403,982 shares. Gabelli Funds Ltd Company reported 0.05% stake. Zurcher Kantonalbank (Zurich Cantonalbank) has 9,910 shares for 0.01% of their portfolio. Bancorporation Of Montreal Can holds 0% or 422 shares. Intll Gru Incorporated stated it has 0.01% of its portfolio in Nexstar Media Group, Inc. (NASDAQ:NXST). Amalgamated Bank invested in 5,960 shares. Employees Retirement System Of Ohio accumulated 39,772 shares or 0.02% of the stock. 146,557 are held by Axa. Highbridge Capital Limited Liability Corp owns 52,500 shares. Dubuque Comml Bank And owns 3,617 shares. Advisory Serv Network Ltd Liability holds 196 shares. Massachusetts-based Fmr Ltd has invested 0.02% in Nexstar Media Group, Inc. (NASDAQ:NXST). Zeke Cap Advisors Ltd Llc has 0.02% invested in Nexstar Media Group, Inc. (NASDAQ:NXST).

Among 12 analysts covering Nexstar Broadcasting Group (NASDAQ:NXST), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nexstar Broadcasting Group had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, December 22 by Barrington Research. The rating was maintained by Wedbush with “Outperform” on Wednesday, November 9. The stock has “Buy” rating by RBC Capital Markets on Monday, September 18. The firm has “Outperform” rating by Wedbush given on Wednesday, January 18. The firm has “Buy” rating given on Wednesday, March 1 by Benchmark. On Friday, October 20 the stock rating was initiated by Deutsche Bank with “Buy”. Jefferies maintained Nexstar Media Group, Inc. (NASDAQ:NXST) rating on Monday, September 18. Jefferies has “Buy” rating and $80.0 target. RBC Capital Markets maintained the shares of NXST in report on Monday, November 6 with “Buy” rating. Wedbush maintained the stock with “Outperform” rating in Wednesday, March 1 report. Deutsche Bank maintained the shares of NXST in report on Wednesday, November 8 with “Buy” rating.

Beach Point Capital Management Lp, which manages about $8.09B and $417.76M US Long portfolio, decreased its stake in Cars Com Inc by 352,401 shares to 79,227 shares, valued at $2.29M in 2017Q4, according to the filing. It also reduced its holding in Extraction Oil And Gas Inc by 52,471 shares in the quarter, leaving it with 2.20 million shares, and cut its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI).

Nexstar Media Group, Inc. (NASDAQ:NXST) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: