Kentucky Retirement Systems Has Lowered Pepsico (PEP) Stake as Stock Declined; Epoch Investment Partners Has Trimmed Its Centene Del (CNC) Holding by $24.29 Million as Shares Rose

June 18, 2018 - By Linda Rogers

PepsiCo, Inc. (NASDAQ:PEP) Logo

Epoch Investment Partners Inc decreased its stake in Centene Corp Del (CNC) by 13.95% based on its latest 2018Q1 regulatory filing with the SEC. Epoch Investment Partners Inc sold 229,176 shares as the company’s stock rose 15.33% while stock markets declined. The institutional investor held 1.41 million shares of the medical specialities company at the end of 2018Q1, valued at $151.09M, down from 1.64M at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Centene Corp Del for a number of months, seems to be less bullish one the $25.49B market cap company. The stock increased 0.36% or $0.4448 during the last trading session, reaching $124.2148. About 381,498 shares traded. Centene Corporation (NYSE:CNC) has risen 57.37% since June 18, 2017 and is uptrending. It has outperformed by 44.80% the S&P500. Some Historical CNC News: 02/04/2018 – CENTENE – $340 MLN CONTRIBUTION BY CENTENE IS FOR INITIATIVES TO PROVIDE HIGH QUALITY HEALTHCARE TO “VULNERABLE POPULATIONS WITHIN NEW YORK STATE”; 13/03/2018 – RPT-CENTENE SAYS MADE INITIAL INVESTMENT IN RXADVANCE, A FULL-SERVICE PHARMACY BENEFIT MANAGER; 02/04/2018 – CENTENE SAYS EXPECTS ONE OF UNDERTAKINGS TO INCLUDE A $340 MLN CONTRIBUTION BY CO TO STATE OF NEW YORK TO BE PAID OVER A 5-YR PERIOD – SEC FILING; 30/04/2018 – Centene To Sell $2.6B in Shrs of Common Stk; 15/03/2018 – Ex-Apple chief says Centene, RxAdvance partnership will drive better care with lower costs; 24/04/2018 – CENTENE CORP QTRLY SHR $1.91; 13/03/2018 – CORRECTED-CENTENE CORP – RAVI IKA WILL CONTINUE IN HIS CURRENT ROLE AS CEO OF RXADVANCE (ADDS DROPPED WORDS ‘OF RXADVANCE); 24/04/2018 – CENTENE SEES APPROVAL FOR FIDELIS DEAL FROM NY AG `SOON’; 25/05/2018 – Centene’s Washington Subsidiary Selected For Medicaid Contract; 23/03/2018 – FTC: 20180865: Centene Corporation; MHM Services, Inc




Kentucky Retirement Systems decreased its stake in Pepsico Inc (PEP) by 15.37% based on its latest 2018Q1 regulatory filing with the SEC. Kentucky Retirement Systems sold 13,480 shares as the company’s stock declined 9.58% with the market. The institutional investor held 74,219 shares of the consumer non-durables company at the end of 2018Q1, valued at $8.10 million, down from 87,699 at the end of the previous reported quarter. Kentucky Retirement Systems who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $149.12 billion market cap company. The stock decreased 2.27% or $2.44 during the last trading session, reaching $105.17. About 1.41 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 18, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: 22/03/2018 – Rold Gold Fires Up Pretzels With New Flamin’ Hot Thin Crisps; 25/04/2018 – PepsiCo Bond Trading 34x Average; Clients Net Sellers; 09/03/2018 – TriadBusinessJournal: Former Duke star Grant Hill’s ad with Pepsi-owned Mtn Dew upsets NCAA sponsor Coca-Cola, sources say -…; 26/04/2018 – PEPSICO- CEO SAYS TEAM IS “MANIACALLY” FOCUSED ON GETTING NAB BUSINESS BACK TO TRACK IN 2H18, AND WILL SEQUENTIALLY IMPROVE EVERY QUARTER; 26/04/2018 – PepsiCo Bond Trading 16x Average; Clients Net Buyers; 25/05/2018 – Dealbook: PepsiCo to Acquire the Fruit and Veggie Snack Maker Bare Foods; 19/04/2018 – Hearthside Food buyout backed by US$1.645bn in loans; 26/04/2018 – PEPSICO INC – EXCLUDING NORTH AMERICA BEVERAGES UNIT, CO GENERATED 4.6% ORGANIC REVENUE GROWTH AND 7% CORE OPERATING PROFIT GROWTH- CONF CALL; 18/04/2018 – PepsiCo Sees Sugarless Gatorade Refreshing Sports-Drink Demand; 25/05/2018 – PepsiCo: Bare Snacks Leadership to Report to Frito-Lay North America

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on July, 10. They expect $1.52 earnings per share, up 1.33% or $0.02 from last year’s $1.5 per share. PEP’s profit will be $2.16B for 17.30 P/E if the $1.52 EPS becomes a reality. After $0.96 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

Investors sentiment is 0.86 in Q1 2018. Its the same as in 2017Q4. It is the same, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Farmers National Bank & Trust, Kentucky-based fund reported 25,774 shares. Moreover, Cullinan Assocs Inc has 1.02% invested in PepsiCo, Inc. (NASDAQ:PEP) for 123,337 shares. Robecosam Ag reported 0.2% stake. Haverford Financial holds 2.97% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 71,589 shares. Gabelli Funds Llc reported 0.46% in PepsiCo, Inc. (NASDAQ:PEP). Rbf Cap Ltd Company holds 2.47% or 190,200 shares in its portfolio. Palladium Prtnrs Lc holds 1.01% or 124,673 shares. Academy Mgmt Tx holds 116,332 shares. Rothschild Investment Il accumulated 10,286 shares or 0.14% of the stock. North Star Asset Mgmt has 0.25% invested in PepsiCo, Inc. (NASDAQ:PEP). Caxton Associate Ltd Partnership holds 0.03% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 4,718 shares. Retirement System Of Alabama holds 0.57% or 1.06M shares. Swiss Bancorporation, Switzerland-based fund reported 5.59 million shares. 100,321 were reported by Bridgewater Assoc L P. Vident Invest Advisory Limited Liability Co owns 12,550 shares for 0.06% of their portfolio.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 69 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, June 30 the stock rating was maintained by RBC Capital Markets with “Hold”. Jefferies maintained the shares of PEP in report on Friday, September 30 with “Buy” rating. Credit Suisse initiated the shares of PEP in report on Friday, September 16 with “Outperform” rating. S&P Research maintained the stock with “Hold” rating in Wednesday, October 7 report. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Market Perform” rating by BMO Capital Markets on Wednesday, June 7. The rating was upgraded by Nomura on Monday, November 23 to “Neutral”. On Monday, February 12 the stock rating was maintained by Susquehanna with “Buy”. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. The firm earned “In-Line” rating on Wednesday, February 14 by Evercore. Jefferies maintained PepsiCo, Inc. (NASDAQ:PEP) on Thursday, January 4 with “Hold” rating.

More important recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Fool.com which released: “PepsiCo Bares Its Intentions With Its Latest Health Food Acquisition” on June 12, 2018, also Nasdaq.com published article titled: “Like Dividends? I Bet You’ll Love These 3 Stocks”, Bizjournals.com published: “PepsiCo buys SF-based Bare Foods as food giants shop Bay Area for innovation” on May 25, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) was released by: Nasdaq.com and their article: “New Research: Key Drivers of Growth for CBIZ, Range Resources, Pepsico, Kirby, Moog, and American Water Works …” with publication date: June 11, 2018.

Among 20 analysts covering Centene Corporation (NYSE:CNC), 16 have Buy rating, 1 Sell and 3 Hold. Therefore 80% are positive. Centene Corporation had 63 analyst reports since July 22, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the shares of CNC in report on Friday, June 16 with “Buy” rating. Oppenheimer maintained Centene Corporation (NYSE:CNC) on Tuesday, July 25 with “Buy” rating. The firm earned “Buy” rating on Tuesday, June 13 by Oppenheimer. Leerink Swann maintained Centene Corporation (NYSE:CNC) rating on Tuesday, February 13. Leerink Swann has “Market Perform” rating and $100 target. The company was maintained on Wednesday, July 26 by UBS. The stock of Centene Corporation (NYSE:CNC) has “Buy” rating given on Thursday, March 15 by Cantor Fitzgerald. The stock of Centene Corporation (NYSE:CNC) has “Overweight” rating given on Wednesday, January 4 by Piper Jaffray. The company was maintained on Wednesday, July 26 by Citigroup. The company was maintained on Tuesday, February 6 by Cantor Fitzgerald. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, October 24 report.

Another recent and important Centene Corporation (NYSE:CNC) news was published by Benzinga.com which published an article titled: “5 Biggest Price Target Changes For Monday” on June 18, 2018.

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.13, from 1.19 in 2017Q4. It is negative, as 41 investors sold CNC shares while 192 reduced holdings. 68 funds opened positions while 178 raised stakes. 149.01 million shares or 1.27% less from 150.93 million shares in 2017Q4 were reported. 7,055 are owned by Moneta Grp Incorporated Inv Advisors Ltd Co. Alpine Woods Invsts Ltd Liability stated it has 9,000 shares. Reilly Fin Advisors reported 100 shares. Bush Odonnell Invest Advsr Inc has 4.48% invested in Centene Corporation (NYSE:CNC) for 29,790 shares. Rhumbline Advisers invested 0.08% in Centene Corporation (NYSE:CNC). Texas Permanent School Fund reported 44,828 shares. High Pointe Capital Mngmt Lc reported 10,160 shares stake. Roberts Glore And Communication Incorporated Il reported 9,630 shares or 0.64% of all its holdings. Fuller And Thaler Asset Mngmt has invested 0% in Centene Corporation (NYSE:CNC). Fund Management Sa owns 107,988 shares. State Of Alaska Department Of Revenue holds 0.09% or 38,367 shares in its portfolio. Employees Retirement System Of Texas invested in 0.2% or 141,000 shares. Atlantic Trust Group Ltd Com invested in 0.02% or 36,238 shares. Moreover, Greenwich Wealth Mngmt has 0.65% invested in Centene Corporation (NYSE:CNC). Deroy Devereaux Private Invest Counsel invested 0.3% in Centene Corporation (NYSE:CNC).

Epoch Investment Partners Inc, which manages about $43.62B and $28.22 billion US Long portfolio, upped its stake in Extended Stay Amer Inc (NYSE:STAY) by 246,370 shares to 1.17 million shares, valued at $23.08M in 2018Q1, according to the filing. It also increased its holding in Proassurance Corp (NYSE:PRA) by 14,973 shares in the quarter, for a total of 357,081 shares, and has risen its stake in Stamps Com Inc (NASDAQ:STMP).

Since December 19, 2017, it had 0 buys, and 9 sales for $30.83 million activity. 1,000 shares were sold by Williamson Keith H, worth $110,000 on Friday, April 27. $987,300 worth of stock was sold by Hunter Jesse N on Tuesday, December 19. The insider NEIDORFF MICHAEL F sold $27.05 million. $425,955 worth of Centene Corporation (NYSE:CNC) was sold by BROOKS MARK J on Monday, March 12. On Monday, March 12 the insider BOWERS CHRISTOPHER D sold $490,896.

Centene Corporation (NYSE:CNC) Institutional Positions Chart

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