Edinburgh Partners LTD Increased Its Ternium Sa (TX) Position; Pepsico (PEP) Stock Rose While Asset Management Group Has Lowered Position

January 13, 2018 - By Louis Casey

Sandy Nairn increased its stake in Ternium Sa (TX) by 246.15% based on its latest 2017Q3 regulatory filing with the SEC. Edinburgh Partners Ltd bought 25,600 shares as the company’s stock rose 9.85% with the market. The hedge fund run by Sandy Nairn held 36,000 shares of the steel and iron ore company at the end of 2017Q3, valued at $1.11 million, up from 10,400 at the end of the previous reported quarter. Edinburgh Partners Ltd who had been investing in Ternium Sa for a number of months, seems to be bullish on the $6.75 billion market cap company. The stock increased 2.63% or $0.88 during the last trading session, reaching $34.37. About 473,945 shares traded or 32.11% up from the average. Ternium S.A. (NYSE:TX) has risen 39.67% since January 13, 2017 and is uptrending. It has outperformed by 22.97% the S&P500.

Asset Management Group Inc decreased its stake in Pepsico (PEP) by 5.9% based on its latest 2017Q3 regulatory filing with the SEC. Asset Management Group Inc sold 4,215 shares as the company’s stock rose 5.12% with the market. The institutional investor held 67,242 shares of the consumer non-durables company at the end of 2017Q3, valued at $7.49M, down from 71,457 at the end of the previous reported quarter. Asset Management Group Inc who had been investing in Pepsico for a number of months, seems to be less bullish one the $166.93 billion market cap company. The stock increased 0.43% or $0.5 during the last trading session, reaching $117.38. About 4.34 million shares traded or 26.42% up from the average. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 13, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Among 6 analysts covering Ternium (NYSE:TX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Ternium had 12 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, May 9 by Morgan Stanley. HSBC downgraded Ternium S.A. (NYSE:TX) on Wednesday, November 9 to “Hold” rating. The stock of Ternium S.A. (NYSE:TX) has “Buy” rating given on Wednesday, February 24 by Citigroup. The rating was initiated by HSBC on Friday, May 13 with “Buy”. The company was upgraded on Wednesday, December 6 by Morgan Stanley. Goldman Sachs initiated the shares of TX in report on Monday, August 10 with “Buy” rating. The firm has “Overweight” rating given on Monday, December 7 by Morgan Stanley.

Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $7.21 million activity. Gallagher Marie T. had sold 41,489 shares worth $4.84M.

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 EPS, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85B for 22.57 P/E if the $1.30 EPS becomes a reality. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Pepsico, Inc. (NASDAQ:PEP) rating on Tuesday, July 11. BMO Capital Markets has “Hold” rating and $12000 target. The rating was upgraded by Susquehanna to “Positive” on Wednesday, April 12. The firm has “Overweight” rating given on Tuesday, April 19 by Barclays Capital. The firm has “Hold” rating by Jefferies given on Thursday, January 4. The firm earned “Buy” rating on Friday, July 8 by UBS. Cowen & Co maintained it with “Buy” rating and $133.0 target in Monday, January 8 report. Credit Suisse maintained the stock with “Neutral” rating in Thursday, October 5 report. RBC Capital Markets maintained the shares of PEP in report on Friday, May 26 with “Hold” rating. Citigroup maintained the shares of PEP in report on Tuesday, April 19 with “Neutral” rating. The stock of Pepsico, Inc. (NASDAQ:PEP) has “Buy” rating given on Friday, April 28 by Credit Suisse.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.19, from 0.75 in 2017Q2. It improved, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Voloridge Limited Liability invested in 105,466 shares or 0.26% of the stock. Loomis Sayles LP has 701,935 shares. Utah Retirement holds 0.66% or 262,326 shares in its portfolio. Richard Bernstein Advsr Ltd Com holds 0.19% or 24,191 shares in its portfolio. Thrivent Fincl For Lutherans accumulated 0.11% or 267,294 shares. Buckingham Asset Mgmt Ltd Liability Corp holds 0.81% or 30,538 shares in its portfolio. Thompson Management invested in 33,661 shares or 0.7% of the stock. Hgk Asset Mngmt invested 0.18% of its portfolio in Pepsico, Inc. (NASDAQ:PEP). Jones Lllp owns 80,798 shares. Marietta Investment Partners Ltd Liability Com reported 0.84% stake. Grisanti Management Ltd Limited Liability Company holds 2,000 shares. Northwest Counselors Limited Liability Corp invested 1.4% in Pepsico, Inc. (NASDAQ:PEP). Plante Moran Financial Advsrs Limited Liability holds 3.29% or 49,694 shares in its portfolio. Duff Phelps Inv Mngmt accumulated 16,050 shares or 0.03% of the stock. 2,366 are held by London Of Virginia.

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