Benin Management Lifted Pepsico (PEP) Position; Bankrate (RATE) Sentiment Is 1

July 17, 2017 - By Dolores Ford

Benin Management Corp increased Pepsico Inc (PEP) stake by 3.15% reported in 2016Q4 SEC filing. Benin Management Corp acquired 3,378 shares as Pepsico Inc (PEP)’s stock rose 5.12%. The Benin Management Corp holds 110,610 shares with $11.57 million value, up from 107,232 last quarter. Pepsico Inc now has $165.14B valuation. The stock increased 0.80% or $0.91 on July 14, reaching $114.93. About shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since July 17, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Bankrate, Inc. is a publisher, aggregator and distributor of personal finance content on the Internet. The company has market cap of $1.25 billion. The Firm provides clients personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. It currently has negative earnings. The Company’s divisions include Banking, Credit Cards, Senior Care and Other.

The stock increased 0.36% or $0.05 on July 14, reaching $13.95. About shares traded. Bankrate Inc (RATE) has risen 26.05% since July 17, 2016 and is uptrending. It has outperformed by 9.35% the S&P500.

S Squared Technology Llc holds 2.76% of its portfolio in Bankrate Inc for 230,195 shares. Oaktop Capital Management Ii L.P. owns 1.13 million shares or 2.72% of their US portfolio. Moreover, Herald Investment Management Ltd has 2.15% invested in the company for 450,000 shares. The Illinois-based Continental Advisors Llc has invested 1.3% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 1.58 million shares.

Analysts await Bankrate Inc (NYSE:RATE) to report earnings on August, 3. They expect $0.11 EPS, up 37.50% or $0.03 from last year’s $0.08 per share. RATE’s profit will be $9.86M for 31.70 P/E if the $0.11 EPS becomes a reality. After $0.13 actual EPS reported by Bankrate Inc for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

Since February 17, 2017, it had 0 insider purchases, and 9 sales for $32.14 million activity. Johnston Hugh F sold $21.03M worth of stock. 4,258 PepsiCo, Inc. (NYSE:PEP) shares with value of $466,265 were sold by Narasimhan Laxman. $3.22 million worth of stock was sold by Gallagher Marie T. on Friday, February 17. TRUDELL CYNTHIA had sold 3,000 shares worth $337,775 on Friday, April 28. Tanner Kirk had sold 5,500 shares worth $605,735. 23,585 PepsiCo, Inc. (NYSE:PEP) shares with value of $2.57 million were sold by Laguarta Ramon. Chadha Sanjeev had sold 25,000 shares worth $2.70M on Friday, February 17.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.18, from 0.79 in 2016Q3. It improved, as 68 investors sold PEP shares while 674 reduced holdings. 102 funds opened positions while 618 raised stakes. 967.70 million shares or 0.34% more from 964.42 million shares in 2016Q3 were reported. Aristotle Ltd Co stated it has 0.04% in PepsiCo, Inc. (NYSE:PEP). Franklin Resources holds 0.85% or 15.67 million shares. Glob X Mngmt Limited Liability stated it has 8,668 shares. Train Babcock Ltd Liability Corporation holds 0.12% or 2,743 shares. Lincoln Natl Corporation holds 0.14% or 23,678 shares. Brandes Prtnrs Ltd Partnership, a California-based fund reported 694,118 shares. State Of New Jersey Common Pension Fund D reported 0.4% stake. Blackrock Investment Ltd Co reported 0.42% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Cobblestone Limited Co Ny stated it has 94,157 shares. Tcw Grp Inc holds 1.47M shares. 65,329 were accumulated by Howland Mngmt Lc. Schnieders Cap Management Ltd Liability Com owns 40,812 shares. Capstone Asset Mngmt invested in 261,170 shares. Sandy Spring Natl Bank owns 97,564 shares for 1.06% of their portfolio. Macnealy Hoover Inv Mgmt has 1.52% invested in PepsiCo, Inc. (NYSE:PEP).

Among 18 analysts covering PepsiCo (NYSE:PEP), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. PepsiCo had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 27 by Vetr. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Overweight”. The company was upgraded on Wednesday, April 12 by Susquehanna. RBC Capital Markets maintained the shares of PEP in report on Wednesday, October 7 with “Sector Perform” rating. Cowen & Co maintained PepsiCo, Inc. (NYSE:PEP) rating on Tuesday, July 11. Cowen & Co has “Buy” rating and $12800 target. Societe Generale upgraded the shares of PEP in report on Monday, December 12 to “Buy” rating. BMO Capital Markets maintained PepsiCo, Inc. (NYSE:PEP) rating on Friday, April 28. BMO Capital Markets has “Buy” rating and $115 target. Stifel Nicolaus maintained PepsiCo, Inc. (NYSE:PEP) rating on Wednesday, October 7. Stifel Nicolaus has “Buy” rating and $106 target. RBC Capital Markets maintained PepsiCo, Inc. (NYSE:PEP) rating on Friday, March 24. RBC Capital Markets has “Hold” rating and $115 target. The stock of PepsiCo, Inc. (NYSE:PEP) has “Buy” rating given on Thursday, July 6 by Jefferies.

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