Majedie Asset Management LTD Cut Its Pepsico (PEP) Holding; TIMBERLINE RESOURCES (TLRS) Shorts Lowered By 70%

June 17, 2018 - By Sheldon Barnett

PepsiCo, Inc. (NASDAQ:PEP) Logo

Majedie Asset Management Ltd decreased Pepsico Inc (PEP) stake by 19.68% reported in 2018Q1 SEC filing. Majedie Asset Management Ltd sold 31,745 shares as Pepsico Inc (PEP)’s stock declined 9.58%. The Majedie Asset Management Ltd holds 129,571 shares with $14.14 million value, down from 161,316 last quarter. Pepsico Inc now has $152.58 billion valuation. The stock increased 2.36% or $2.48 during the last trading session, reaching $107.61. About 6.93M shares traded or 34.64% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 17, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: ; 19/04/2018 – Hearthside Food buyout backed by US$1.645bn in loans; 26/04/2018 – Pepsi’s snack business has been outperforming its North American beverage business; 17/04/2018 – Goldman Sachs upgrades Coca-Cola, downgrades Pepsi; 26/04/2018 – PepsiCo 1Q Adj EPS 96c; 26/04/2018 – Pepsi said it plans to increase marketing spending on Pepsi drinks in the US to regain momentum; 23/03/2018 – VARUN BEVERAGES LTD – CONCLUDED ACQUISITION OF PEPSICO INDIA’S PREVIOUSLY FRANCHISED SUB TERRITORY IN JHARKHAND, MANUFACTURING UNIT AT JAMSHEDPUR; 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; 05/03/2018 – BUNDABERG BREWED DRINKS – BUNDABERG TO REMAIN SEPARATE BUSINESS ENTITY BUT TO BE DISTRIBUTED IN U.S. THROUGH PEPSI’S NETWORK; 08/03/2018 – Cheetos Launches “Cheetos Vision” App At SXSW 2018; 04/05/2018 – PEPSICO INC – SHAREHOLDERS APPROVED, ON AN ADVISORY BASIS, PEPSICO’S EXECUTIVE COMPENSATION

TIMBERLINE RESOURCES CORP (OTCMKTS:TLRS) had a decrease of 70% in short interest. TLRS’s SI was 9,000 shares in June as released by FINRA. Its down 70% from 30,000 shares previously. With 75,700 avg volume, 0 days are for TIMBERLINE RESOURCES CORP (OTCMKTS:TLRS)’s short sellers to cover TLRS’s short positions. The SI to TIMBERLINE RESOURCES CORP’s float is 0.03%. The stock increased 8.54% or $0.008 during the last trading session, reaching $0.103. About 165,429 shares traded or 43.29% up from the average. Timberline Resources Corporation (OTCMKTS:TLRS) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Seekingalpha.com which released: “PepsiCo: Upside Remains” on June 14, 2018, also Seekingalpha.com with their article: “PepsiCo: Dropping To Attractive Valuations” published on June 13, 2018, Seekingalpha.com published: “Featured Stocks In May’s Dividend Growth Model Portfolio” on June 07, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Seekingalpha.com and their article: “Premium water specialist Essentia in play” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Why Is Pepsi At Its 52-Week Lows?” with publication date: May 23, 2018.

Majedie Asset Management Ltd increased Celgene Corp (NASDAQ:CELG) stake by 3,411 shares to 41,405 valued at $3.69 million in 2018Q1. It also upped Credicorp Ltd (NYSE:BAP) stake by 1,806 shares and now owns 23,442 shares. Gilead Sciences Inc (NASDAQ:GILD) was raised too.

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. Barclays Capital maintained the shares of PEP in report on Tuesday, April 19 with “Overweight” rating. BMO Capital Markets maintained the shares of PEP in report on Friday, April 28 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 8 report. The company was maintained on Monday, January 8 by Cowen & Co. As per Thursday, February 1, the company rating was maintained by Credit Suisse. BMO Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) on Thursday, March 23 with “Buy” rating. Goldman Sachs downgraded the shares of PEP in report on Tuesday, April 17 to “Sell” rating. The rating was maintained by RBC Capital Markets on Wednesday, October 7 with “Sector Perform”. The firm has “Market Perform” rating given on Wednesday, June 7 by BMO Capital Markets. The firm has “Buy” rating by Cowen & Co given on Thursday, August 10.

Investors sentiment is 0.86 in 2018 Q1. Its the same as in 2017Q4. It has no change, 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. Raymond James Tru Na holds 100,433 shares or 0.76% of its portfolio. Mar Vista Partners Ltd Llc owns 378,225 shares. Sfmg Limited Com holds 2,560 shares or 0.05% of its portfolio. Montag A Assoc Incorporated invested 0.72% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Beese Fulmer Invest Management Inc reported 85,869 shares stake. Excalibur Mgmt stated it has 22,616 shares. Mackay Shields Ltd Liability owns 802,856 shares or 0.55% of their US portfolio. King Wealth holds 44,981 shares or 1.74% of its portfolio. John G Ullman & holds 0.09% or 4,043 shares. Nichols Pratt Advisers Llp Ma holds 453,668 shares. Amundi Pioneer Asset Mngmt has invested 1.23% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). North Star Asset holds 0.25% or 25,735 shares. Northern Corp holds 19.96M shares. Stratos Wealth Ptnrs Limited reported 82,293 shares. Numerixs Inv Techs Incorporated stated it has 2,600 shares.

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 17.70 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.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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