Fiduciary Trust Company Maintains Stake in Pepsico (PEP); Cimarex Energy Co (XEC) Shareholder Renaissance Technologies Raised Its Position by $44.52 Million

December 7, 2017 - By Ellis Scott

Fiduciary Trust Company increased its stake in Pepsico Inc (PEP) by 1.63% based on its latest 2017Q2 regulatory filing with the SEC. Fiduciary Trust Company bought 6,325 shares as the company’s stock rose 5.12% with the market. The institutional investor held 394,702 shares of the consumer non-durables company at the end of 2017Q2, valued at $45.58 million, up from 388,377 at the end of the previous reported quarter. Fiduciary Trust Company who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $168.54 billion market cap company. The stock decreased 0.33% or $0.39 during the last trading session, reaching $118.51. About 209,765 shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since December 7, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Jim Simons increased its stake in Cimarex Energy Co (XEC) by 767.61% based on its latest 2017Q2 regulatory filing with the SEC. Renaissance Technologies Llc bought 473,600 shares as the company’s stock declined 10.93% while stock markets rallied. The hedge fund run by Jim Simons held 535,298 shares of the oil & gas production company at the end of 2017Q2, valued at $50.32M, up from 61,698 at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Cimarex Energy Co for a number of months, seems to be bullish on the $10.59 billion market cap company. The stock increased 0.98% or $1.08 during the last trading session, reaching $111.18. About 42,908 shares traded. Cimarex Energy Co. (NYSE:XEC) has risen 1.88% since December 7, 2016 and is uptrending. It has underperformed by 14.82% the S&P500.




Renaissance Technologies Llc, which manages about $63.99B and $78.36 billion US Long portfolio, decreased its stake in Canadian Pac Ry Ltd (NYSE:CP) by 250,800 shares to 585,000 shares, valued at $94.08M in 2017Q2, according to the filing. It also reduced its holding in Corporate Office Pptys Tr (NYSE:OFC) by 359,009 shares in the quarter, leaving it with 1.60M shares, and cut its stake in Consolidated Water Co Inc (NASDAQ:CWCO).

More notable recent Cimarex Energy Co. (NYSE:XEC) news were published by: Nasdaq.com which released: “Cimarex Energy Co (XEC) Ex-Dividend Date Scheduled for November 14, 2017” on November 13, 2017, also Seekingalpha.com with their article: “Hartstreet: Cimarex Well Results Show Significant Oil Production Improvements” published on November 26, 2017, Nasdaq.com published: “Cash Dividend On The Way From Cimarex Energy (XEC)” on November 10, 2017. More interesting news about Cimarex Energy Co. (NYSE:XEC) were released by: Nasdaq.com and their article: “Cimarex Energy Co. Bottom Line Rises 106% In Q3” published on November 07, 2017 as well as Seekingalpha.com‘s news article titled: “Cimarex Energy (XEC) Q3 2017 Results – Earnings Call Transcript” with publication date: November 08, 2017.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.07, from 1.12 in 2017Q1. It dropped, as 40 investors sold XEC shares while 146 reduced holdings. 44 funds opened positions while 151 raised stakes. 83.28 million shares or 2.10% less from 85.07 million shares in 2017Q1 were reported. American Century Cos stated it has 0.07% in Cimarex Energy Co. (NYSE:XEC). Schafer Cullen Cap Mgmt Inc has 8,148 shares for 0.01% of their portfolio. Invesco reported 0.01% of its portfolio in Cimarex Energy Co. (NYSE:XEC). 453,200 are held by First Pacific Advisors. Ameriprise Fin invested in 0.05% or 1.15 million shares. Moreover, Royal Bancorp Of Canada has 0% invested in Cimarex Energy Co. (NYSE:XEC). M&T Comml Bank reported 9,073 shares. Oregon Public Employees Retirement Fund, Oregon-based fund reported 9,926 shares. Mutual Of America Management reported 0.03% of its portfolio in Cimarex Energy Co. (NYSE:XEC). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt, Alberta – Canada-based fund reported 76,900 shares. Keybank Natl Association Oh accumulated 36,663 shares. Proshare Lc stated it has 36,789 shares or 0.03% of all its holdings. Investec Asset Mgmt accumulated 296,060 shares or 0.13% of the stock. Moreover, Rafferty Asset Management Limited Co has 0.03% invested in Cimarex Energy Co. (NYSE:XEC). Sei Invests Communication stated it has 0.04% in Cimarex Energy Co. (NYSE:XEC).

Among 33 analysts covering Cimarex Energy (NYSE:XEC), 20 have Buy rating, 1 Sell and 12 Hold. Therefore 61% are positive. Cimarex Energy had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Susquehanna downgraded Cimarex Energy Co. (NYSE:XEC) on Monday, November 13 to “Neutral” rating. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Buy” rating by Wunderlich on Friday, May 6. As per Friday, July 21, the company rating was maintained by Citigroup. As per Friday, February 17, the company rating was upgraded by KLR Group. The firm earned “Outperform” rating on Thursday, January 12 by Iberia Capital Partners. The company was maintained on Thursday, February 18 by Wunderlich. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets. The rating was initiated by SunTrust on Thursday, December 17 with “Buy”. The firm has “Hold” rating by Canaccord Genuity given on Thursday, August 11. Citigroup maintained the shares of XEC in report on Friday, October 13 with “Buy” rating.

More notable recent Pepsico, Inc. (NYSE:PEP) news were published by: Seekingalpha.com which released: “Sand In My Shoes – Pepsi Is Pouring Dividends” on November 10, 2017, also Forbes.com with their article: “Pepsico Stock A Dividend Growth Darling With Strong Corporate Governance …” published on November 08, 2017, Prnewswire.com published: “PepsiCo Names Mike Spanos, Chief Executive Officer, Asia, Middle East and …” on December 07, 2017. More interesting news about Pepsico, Inc. (NYSE:PEP) were released by: Seekingalpha.com and their article: “Dividend Aristocrats In Focus Part 49: PepsiCo” published on November 24, 2017 as well as Prnewswire.com‘s news article titled: “PepsiCo Announces Timing and Availability of Fourth Quarter and Full Year 2017 …” with publication date: December 07, 2017.

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. PepsiCo had 57 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained Pepsico, Inc. (NYSE:PEP) on Tuesday, April 19 with “Overweight” rating. The firm has “Sector Perform” rating given on Thursday, October 5 by RBC Capital Markets. The stock of Pepsico, Inc. (NYSE:PEP) has “Buy” rating given on Thursday, August 10 by Cowen & Co. The stock of Pepsico, Inc. (NYSE:PEP) earned “Hold” rating by BMO Capital Markets on Tuesday, July 11. The rating was maintained by Stifel Nicolaus on Thursday, October 12 with “Hold”. BMO Capital Markets maintained the shares of PEP in report on Thursday, March 23 with “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 9. Credit Suisse downgraded Pepsico, Inc. (NYSE:PEP) on Friday, September 8 to “Neutral” rating. As per Friday, September 30, the company rating was maintained by Jefferies. The stock of Pepsico, Inc. (NYSE:PEP) has “Buy” rating given on Tuesday, August 15 by Jefferies.

Fiduciary Trust Company, which manages about $3.26B US Long portfolio, decreased its stake in Cabot Corp (NYSE:CBT) by 13,129 shares to 1.17 million shares, valued at $62.41 million in 2017Q2, according to the filing. It also reduced its holding in Conocophillips (NYSE:COP) by 10,418 shares in the quarter, leaving it with 39,083 shares, and cut its stake in 3M Co (NYSE:MMM).

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.09, from 0.84 in 2017Q1. It dived, as 44 investors sold PEP shares while 778 reduced holdings. 117 funds opened positions while 502 raised stakes. 974.57 million shares or 0.37% less from 978.18 million shares in 2017Q1 were reported. Rand Wealth Limited Company owns 49,745 shares. Plante Moran Finance Advsrs Ltd accumulated 3.6% or 49,815 shares. Blackrock owns 87.41M shares for 0.54% of their portfolio. Sector Pension Invest Board reported 162,980 shares. Alpine Woods Capital Invsts Ltd Liability Corporation invested in 0.08% or 13,000 shares. Peoples Svcs holds 36,198 shares. Headinvest Limited owns 2.23% invested in Pepsico, Inc. (NYSE:PEP) for 58,676 shares. Meristem Limited Liability Partnership reported 3.6% of its portfolio in Pepsico, Inc. (NYSE:PEP). Wafra Advisory Ny owns 57,785 shares for 0.34% of their portfolio. Milestone Group Inc holds 3,301 shares. Comerica National Bank & Trust holds 0.56% or 642,761 shares in its portfolio. Flippin Bruce And Porter has 14,508 shares. Roundview Capital accumulated 15,298 shares. Moreover, America First Investment Advsrs Limited Liability Corporation has 0.04% invested in Pepsico, Inc. (NYSE:PEP). Bsw Wealth Prtnrs invested in 12,402 shares.

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