Cooper Companies (COO) Reaches $246.97 After 5.00% Down Move; Nikko Asset Management Americas Has Raised Its Pepsico (PEP) Position

September 12, 2017 - By Winifred Garcia

The stock of Cooper Companies Inc (NYSE:COO) is a huge mover today! About 267,320 shares traded. Cooper Companies Inc (NYSE:COO) has risen 33.48% since September 12, 2016 and is uptrending. It has outperformed by 16.78% the S&P500.The move comes after 8 months negative chart setup for the $12.09 billion company. It was reported on Sep, 12 by Barchart.com. We have $234.62 PT which if reached, will make NYSE:COO worth $604.50 million less.

Nikko Asset Management Americas Inc increased Pepsico Inc (PEP) stake by 139.47% reported in 2016Q4 SEC filing. Nikko Asset Management Americas Inc acquired 10,600 shares as Pepsico Inc (PEP)’s stock rose 5.12%. The Nikko Asset Management Americas Inc holds 18,200 shares with $1.90 million value, up from 7,600 last quarter. Pepsico Inc now has $164.36B valuation. The stock declined 0.34% or $0.39 reaching $115.3 on the news. About 863,019 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since September 12, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Nikko Asset Management Americas Inc decreased Eog Resources Inc (NYSE:EOG) stake by 6,300 shares to 106,600 valued at $10.78M in 2016Q4. It also reduced Dril (NYSE:DRQ) stake by 43,300 shares and now owns 103,049 shares. Halliburton Co (NYSE:HAL) was reduced too.

Investors sentiment decreased to 0.75 in 2016 Q4. Its down 0.09, from 0.84 in 2016Q3. It is negative, 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. Century reported 7.05M shares. North American Mngmt Corporation accumulated 194,788 shares or 3.41% of the stock. Toronto Dominion Financial Bank has invested 0.13% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Outfitter invested in 0.57% or 13,895 shares. Everett Harris Com Ca reported 1.42% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Nexus Inv Mngmt reported 6,900 shares. Webster National Bank N A holds 66,554 shares or 1.02% of its portfolio. Los Angeles Mgmt And Equity invested in 0.44% or 542,713 shares. 2,932 were accumulated by Bainco. Aristotle Capital Management Limited Liability Company invested in 42,307 shares. Moreover, San Francisco Sentry Inv Group (Ca) has 1.45% invested in PepsiCo, Inc. (NYSE:PEP). Piedmont Invest Advsr Ltd stated it has 601,208 shares. Fidelity owns 186,516 shares or 4.46% of their US portfolio. Aviance Cap Prtn Ltd Co reported 10,906 shares stake. American Securities (D B A Uas Asset Management) accumulated 140,370 shares.

Among 18 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 10 Hold. Therefore 44% are positive. PepsiCo had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Monday, January 9 by Barclays Capital. Jefferies maintained PepsiCo, Inc. (NYSE:PEP) on Thursday, June 22 with “Buy” rating. S&P Research maintained the shares of PEP in report on Wednesday, October 7 with “Hold” rating. Goldman Sachs maintained PepsiCo, Inc. (NYSE:PEP) on Wednesday, June 29 with “Neutral” rating. BMO Capital Markets maintained PepsiCo, Inc. (NYSE:PEP) rating on Thursday, March 23. BMO Capital Markets has “Buy” rating and $115 target. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 21. The rating was downgraded by Sterne Agee CRT to “Neutral” on Friday, February 26. Credit Suisse maintained PepsiCo, Inc. (NYSE:PEP) on Friday, April 28 with “Buy” rating. The stock has “Buy” rating by UBS on Wednesday, October 7. The firm earned “Buy” rating on Tuesday, July 11 by Cowen & Co.

Since April 28, 2017, it had 0 insider buys, and 1 insider sale for $337,775 activity. Another trade for 3,000 shares valued at $337,775 was made by TRUDELL CYNTHIA on Friday, April 28.

The Cooper Companies, Inc. is a global medical device company. The company has market cap of $12.09 billion. The Firm operates through two business units: CooperVision, Inc. and CooperSurgical, Inc. It has a 35.45 P/E ratio. CooperVision offers soft contact lenses for the vision correction market.

Investors sentiment increased to 1.35 in Q4 2016. Its up 0.09, from 1.26 in 2016Q3. It improved, as 43 investors sold Cooper Companies Inc shares while 134 reduced holdings. 57 funds opened positions while 124 raised stakes. 47.39 million shares or 2.11% more from 46.42 million shares in 2016Q3 were reported. Baring Asset Mgmt stated it has 50,598 shares or 0.61% of all its holdings. Moreover, Kornitzer Cap Mgmt Ks has 0.25% invested in Cooper Companies Inc (NYSE:COO). Calvert Inv Mngmt invested 0.02% of its portfolio in Cooper Companies Inc (NYSE:COO). Oak Ridge Invests Ltd Com holds 21,164 shares. First Mercantile Tru Communication owns 0.18% invested in Cooper Companies Inc (NYSE:COO) for 6,532 shares. Century Mngmt Lc holds 0.41% or 17,913 shares in its portfolio. Fisher Asset Management Limited Liability Company owns 0.04% invested in Cooper Companies Inc (NYSE:COO) for 115,353 shares. Glob X Mngmt Ltd holds 1,611 shares. Legacy Private stated it has 0.09% in Cooper Companies Inc (NYSE:COO). First Trust Advisors L P has 0.06% invested in Cooper Companies Inc (NYSE:COO). Gamco Investors Et Al reported 27,500 shares. The Colorado-based Advsr Asset Mngmt has invested 0.06% in Cooper Companies Inc (NYSE:COO). Fdx Advisors Incorporated reported 7,220 shares. 116,857 were accumulated by Allianz Asset Mngmt Ag. Fjarde Ap has invested 0.04% of its portfolio in Cooper Companies Inc (NYSE:COO).

Among 15 analysts covering Cooper (NYSE:COO), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Cooper had 48 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Cooper Companies Inc (NYSE:COO) earned “Buy” rating by Robert W. Baird on Tuesday, September 12. JP Morgan downgraded it to “Neutral” rating and $145 target in Friday, December 4 report. The rating was upgraded by Wells Fargo to “Outperform” on Monday, December 12. Piper Jaffray maintained the shares of COO in report on Friday, April 7 with “Overweight” rating. Stifel Nicolaus maintained Cooper Companies Inc (NYSE:COO) on Tuesday, July 18 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Friday, September 1. Goldman Sachs initiated Cooper Companies Inc (NYSE:COO) on Thursday, December 17 with “Neutral” rating. The firm has “Outperform” rating by BMO Capital Markets given on Friday, September 2. As per Friday, September 4, the company rating was maintained by Piper Jaffray. As per Tuesday, July 25, the company rating was maintained by BMO Capital Markets.

Since March 14, 2017, it had 0 insider buys, and 8 insider sales for $14.35 million activity. Shares for $198,400 were sold by ZINBERG STANLEY MD on Tuesday, June 6. REMMELL PAUL L sold 1,871 shares worth $376,823. $966,916 worth of Cooper Companies Inc (NYSE:COO) was sold by Lindell Jody S. On Wednesday, June 7 KAUFMAN CAROL R sold $10.71 million worth of Cooper Companies Inc (NYSE:COO) or 44,092 shares. The insider RUBENSTEIN ALLAN E sold 1,775 shares worth $346,125. Shares for $301,405 were sold by BENDER A THOMAS.

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