Willingdon Wealth Management Increases Stake in Pepsico (PEP); As Western Digital (WDC) Shares Rose, Holder Loews Lowered by $2.20 Million Its Stake

November 15, 2017 - By Winifred Garcia

Loews Corp decreased its stake in Western Digital Corp (WDC) by 14.29% based on its latest 2017Q2 regulatory filing with the SEC. Loews Corp sold 25,000 shares as the company’s stock rose 15.69% with the market. The institutional investor held 149,910 shares of the electronic components company at the end of 2017Q2, valued at $13.28 million, down from 174,910 at the end of the previous reported quarter. Loews Corp who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.52 billion market cap company. The stock declined 1.91% or $1.75 reaching $89.83 per share. About 64,519 shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since November 15, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Willingdon Wealth Management increased its stake in Pepsico Inc (PEP) by 206.22% based on its latest 2017Q2 regulatory filing with the SEC. Willingdon Wealth Management bought 13,159 shares as the company’s stock rose 5.12% with the market. The institutional investor held 19,540 shares of the consumer non-durables company at the end of 2017Q2, valued at $2.26M, up from 6,381 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $164.31 billion market cap company. The stock declined 0.21% or $0.24 reaching $115.54 on the news. About 104,430 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since November 15, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.




Willingdon Wealth Management, which manages about $239.04M and $251.82M US Long portfolio, decreased its stake in Bristol Myers Squibb Co (NYSE:BMY) by 56,102 shares to 65,516 shares, valued at $3.65M in 2017Q2, according to the filing. It also reduced its holding in Mattel Inc (NASDAQ:MAT) by 159,733 shares in the quarter, leaving it with 151,554 shares, and cut its stake in Astrazeneca Plc (NYSE:AZN).

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. Altfest L J & Com holds 45,377 shares. Louisiana-based Iberiabank has invested 0.14% in PepsiCo, Inc. (NYSE:PEP). Canandaigua Retail Bank & Tru holds 44,483 shares. The Virginia-based Heritage Wealth Advsr has invested 1.48% in PepsiCo, Inc. (NYSE:PEP). Eastern Bank & Trust holds 0.39% or 45,333 shares in its portfolio. Moreover, Poplar Forest Limited Liability Co has 0.08% invested in PepsiCo, Inc. (NYSE:PEP) for 7,760 shares. Northeast Fincl Consultants reported 0.51% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Raymond James Svcs Advisors Inc invested 0.57% of its portfolio in PepsiCo, Inc. (NYSE:PEP). First Fiduciary Inv Counsel holds 2.09% in PepsiCo, Inc. (NYSE:PEP) or 94,407 shares. Salient Trust Communication Lta invested in 1.98% or 149,744 shares. Tompkins Fincl invested in 33,600 shares. Toronto Dominion National Bank & Trust holds 0.2% or 548,651 shares in its portfolio. 6,730 were reported by Rfg Advisory Grp Lc. Curbstone Fincl Mgmt owns 0.96% invested in PepsiCo, Inc. (NYSE:PEP) for 13,846 shares. Convergence Inv Prtnrs Limited Company holds 0.05% or 2,952 shares in its portfolio.

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 Seekingalpha.com with their article: “Why We Bought More Pepsi” published on October 26, 2017, Seekingalpha.com published: “Two Buys: PepsiCo And Qualcomm” on October 18, 2017. More interesting news about PepsiCo, Inc. (NYSE:PEP) were released by: Dividend.com and their article: “PepsiCo, Inc.: With Soda Demand Falling, Pepsi Continues to Thrive” published on October 25, 2017 as well as Forbes.com‘s news article titled: “Pepsico Stock A Dividend Growth Darling With Strong Corporate Governance …” with publication date: November 08, 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. The firm has “Neutral” rating given on Friday, February 26 by Sterne Agee CRT. As per Thursday, August 27, the company rating was downgraded by Vetr. The firm has “Neutral” rating given on Tuesday, April 19 by Goldman Sachs. The firm earned “Hold” rating on Friday, May 26 by RBC Capital Markets. The company was maintained on Monday, September 18 by Jefferies. As per Thursday, August 10, the company rating was maintained by Cowen & Co. Cowen & Co maintained PepsiCo, Inc. (NYSE:PEP) on Tuesday, July 11 with “Buy” rating. The company was maintained on Tuesday, July 11 by BMO Capital Markets. The stock of PepsiCo, Inc. (NYSE:PEP) earned “Neutral” rating by Citigroup on Tuesday, April 19. The company was maintained on Tuesday, August 1 by RBC Capital Markets.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on January, 24. They expect $3.36 earnings per share, up 69.70% or $1.38 from last year’s $1.98 per share. WDC’s profit will be $991.95M for 6.68 P/E if the $3.36 EPS becomes a reality. After $3.28 actual earnings per share reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Loews Corp, which manages about $15.47B US Long portfolio, upped its stake in Carmax Inc (NYSE:KMX) by 20,000 shares to 116,000 shares, valued at $7.32M in 2017Q2, according to the filing. It also increased its holding in Pfizer Inc (NYSE:PFE) by 53,200 shares in the quarter, for a total of 331,077 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group with “Buy” on Friday, October 27. The firm has “Equalweight” rating given on Wednesday, October 14 by Barclays Capital. The company was maintained on Wednesday, August 30 by Maxim Group. The firm has “Buy” rating given on Thursday, October 27 by Mizuho. The stock has “Strong Buy” rating by Needham on Thursday, October 27. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 3 report. The rating was maintained by Benchmark on Wednesday, June 21 with “Buy”. The company was maintained on Friday, October 27 by Cowen & Co. The stock has “Outperform” rating by BMO Capital Markets on Thursday, January 5. The rating was maintained by Maxim Group on Wednesday, October 12 with “Buy”.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Meeder Asset Mgmt Inc owns 10,862 shares or 0.09% of their US portfolio. Rafferty Asset has invested 0.04% in Western Digital Corp (NASDAQ:WDC). 13,340 were reported by Ironwood Invest Management Llc. Nexus Inv Mgmt stated it has 259,350 shares. Moreover, Dana Advisors Incorporated has 0.39% invested in Western Digital Corp (NASDAQ:WDC). Jpmorgan Chase Co has 0.03% invested in Western Digital Corp (NASDAQ:WDC). Ameriprise reported 4.44 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 226,271 shares. First Personal Fincl Ser owns 66 shares or 0% of their US portfolio. Old Bancshares In stated it has 0.01% in Western Digital Corp (NASDAQ:WDC). Intrepid Capital Inc, Florida-based fund reported 145,468 shares. Rhumbline Advisers has invested 0.1% in Western Digital Corp (NASDAQ:WDC). Petrus Tru Lta has invested 0.09% in Western Digital Corp (NASDAQ:WDC). Mitsubishi Ufj Trust Banking owns 634,981 shares. Deutsche National Bank & Trust Ag owns 924,760 shares.

More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Investorplace.com which released: “Western Digital Corp Is Pulling the Right Strings” on October 23, 2017, also Businesswire.com with their article: “Western Digital to Present on the Power and Promise of Data at Bloomberg’s …” published on November 08, 2017, Nasdaq.com published: “Western Digital Corp Q1 Income Rises 142%” on October 26, 2017. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Livetradingnews.com and their article: “Western Digital Corp (NASDAQ:WDC) Bullish Trend” published on November 13, 2017 as well as Reuters.com‘s news article titled: “Toshiba disputes Western Digital CEO claims on investment talks” with publication date: October 26, 2017.

Since May 18, 2017, it had 0 buys, and 2 sales for $1.01 million activity. $48,365 worth of stock was sold by RAY MICHAEL CHARLES on Friday, June 2. BHATIA MANISH H sold $612,625 worth of stock or 7,208 shares.

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