Clarkston Capital Partners Has Boosted Legg Mason (LM) Position By $4.90 Million; Pepsico (PEP) Sentiment Is 0.86

April 22, 2018 - By Peter Erickson

Pepsico Inc (PEP) investors sentiment decreased to 0.86 in Q4 2017. It’s down -0.08, from 0.94 in 2017Q3. The ratio has dropped, as 664 funds started new or increased holdings, while 775 trimmed and sold equity positions in Pepsico Inc. The funds in our database reported: 958.76 million shares, down from 964.87 million shares in 2017Q3. Also, the number of funds holding Pepsico Inc in top ten holdings was flat from 141 to 141 for the same number . Sold All: 63 Reduced: 712 Increased: 542 New Position: 122.

Clarkston Capital Partners Llc increased Legg Mason Inc (LM) stake by 3.76% reported in 2017Q4 SEC filing. Clarkston Capital Partners Llc acquired 119,604 shares as Legg Mason Inc (LM)’s stock declined 6.25%. The Clarkston Capital Partners Llc holds 3.30M shares with $138.70 million value, up from 3.18M last quarter. Legg Mason Inc now has $3.22B valuation. The stock decreased 0.18% or $0.07 during the last trading session, reaching $38.07. About 653,790 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since April 22, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Ratings analysis reveals 80% of PepsiCo’s analysts are positive. Out of 5 Wall Street analysts rating PepsiCo, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $102.0 while the high is $122.0. The stock’s average target of $115 is 12.22% above today’s ($102.48) share price. PEP was included in 5 notes of analysts from September 16, 2016. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Positive” rating given on Wednesday, April 12 by Susquehanna. The firm earned “Buy” rating on Friday, September 30 by Jefferies. The firm has “Equal Weight” rating given on Monday, January 9 by Barclays Capital. As per Monday, December 12, the company rating was upgraded by Societe Generale. Credit Suisse initiated it with “Outperform” rating and $121.0 target in Friday, September 16 report.

PepsiCo, Inc. operates as a food and beverage firm worldwide. The company has market cap of $145.47 billion. The Company’s Frito-Lay North America segment offers LayÂ’s and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips, and Fritos corn chips. It has a 30.34 P/E ratio. The companyÂ’s Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, granola, and oat squares; and Aunt Jemima mixes and syrups, Quaker Chewy granola bars, CapÂ’n Crunch cereal, Life cereal, and Rice-A-Roni side dishes.

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 $1.31B for 27.85 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.

The stock decreased 2.93% or $3.09 during the last trading session, reaching $102.48. About 7.64 million shares traded or 65.73% up from the average. PepsiCo, Inc. (PEP) has declined 3.75% since April 22, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Yacktman Asset Management Lp holds 9.11% of its portfolio in PepsiCo, Inc. for 7.88 million shares. Lindsell Train Ltd owns 2.59 million shares or 8.94% of their US portfolio. Moreover, Bislett Management Llc has 8.35% invested in the company for 120,000 shares. The Texas-based Ycg Llc has invested 7.9% in the stock. United American Securities Inc. (D B A Uas Asset Management), a New York-based fund reported 131,128 shares.

Investors sentiment increased to 1.52 in Q4 2017. Its up 0.51, from 1.01 in 2017Q3. It is positive, as 20 investors sold LM shares while 88 reduced holdings. 60 funds opened positions while 104 raised stakes. 74.56 million shares or 0.52% less from 74.95 million shares in 2017Q3 were reported. California State Teachers Retirement holds 142,157 shares. Vaughan David Investments Il holds 5,000 shares or 0.01% of its portfolio. California Pub Employees Retirement Sys holds 0.02% or 336,001 shares. Voya Management Lc holds 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 247,967 shares. Gotham Asset has 0.01% invested in Legg Mason, Inc. (NYSE:LM). State Of New Jersey Common Pension Fund D holds 0.2% or 1.28M shares in its portfolio. Advantus Mgmt has 0.01% invested in Legg Mason, Inc. (NYSE:LM). 9,000 are owned by Nj State Employees Deferred Compensation Plan. Deutsche Savings Bank Ag reported 155,160 shares. Texas Permanent School Fund holds 0.03% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 57,797 shares. Alabama-based Mesirow has invested 1.19% in Legg Mason, Inc. (NYSE:LM). Sweden-based Nordea Invest Ab has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Fmr Limited Com invested 0.02% in Legg Mason, Inc. (NYSE:LM). Dalton Greiner Hartman Maher And reported 1.16% of its portfolio in Legg Mason, Inc. (NYSE:LM). Paragon Cap Management Ltd reported 7,685 shares.

Among 15 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Legg Mason Inc. had 68 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, January 25 by Citigroup. Barclays Capital maintained the shares of LM in report on Monday, November 2 with “Overweight” rating. The rating was maintained by Morgan Stanley on Tuesday, April 10 with “Underweight”. The company was maintained on Friday, October 14 by Wood. The firm earned “Buy” rating on Tuesday, March 29 by Jefferies. The firm has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. Piper Jaffray maintained Legg Mason, Inc. (NYSE:LM) on Monday, August 3 with “Overweight” rating. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by Citigroup on Friday, April 15. The firm has “Buy” rating given on Monday, May 29 by Keefe Bruyette & Woods. The company was maintained on Friday, April 6 by Deutsche Bank.

By1 Peter Erickson