As Icahn Enterprises LP (IEP) Valuation Declined, Icahn Carl C Has Lifted Its Holding; Loring Wolcott & Coolidge Fiduciary Advisors Llp Lowered Its Stake in Pepsico (PEP) by $1.18 Million as Share Value Rose

February 18, 2018 - By Dolores Ford

Loring Wolcott & Coolidge Fiduciary Advisors Llp decreased its stake in Pepsico Inc (PEP) by 3.08% based on its latest 2017Q3 regulatory filing with the SEC. Loring Wolcott & Coolidge Fiduciary Advisors Llp sold 10,656 shares as the company’s stock rose 5.12% with the market. The institutional investor held 335,063 shares of the consumer non-durables company at the end of 2017Q3, valued at $37.34M, down from 345,719 at the end of the previous reported quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $157.70B market cap company. The stock increased 0.08% or $0.09 during the last trading session, reaching $111.06. About 5.58M shares traded or 37.11% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since February 18, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Carl Icahn increased its stake in Icahn Enterprises Lp (IEP) by 2.82% based on its latest 2017Q3 regulatory filing with the SEC. Icahn Carl C bought 4.21 million shares as the company’s stock declined 12.27% while stock markets rallied. The hedge fund run by Carl Icahn held 153.49 million shares of the integrated oil company at the end of 2017Q3, valued at $8.42B, up from 149.28 million at the end of the previous reported quarter. Icahn Carl C who had been investing in Icahn Enterprises Lp for a number of months, seems to be bullish on the $9.63 billion market cap company. The stock increased 0.42% or $0.24 during the last trading session, reaching $56.95. About 66,677 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has declined 7.69% since February 18, 2017 and is downtrending. It has underperformed by 24.39% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.79, from 1.67 in 2017Q2. It fall, as 12 investors sold IEP shares while 21 reduced holdings. 7 funds opened positions while 22 raised stakes. 164.45 million shares or 3.31% more from 159.18 million shares in 2017Q2 were reported. Gabelli And Investment Advisers Inc owns 7,500 shares. Deutsche Fincl Bank Ag holds 106,023 shares. Lpl Lc reported 8,867 shares. Icahn Carl C has 39.62% invested in Icahn Enterprises L.P. (NASDAQ:IEP) for 153.49M shares. Cibc Asset stated it has 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP). Moreover, X Mngmt Co Ltd has 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP). National Asset Mngmt Incorporated reported 16,604 shares. Qci Asset Mngmt New York reported 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP). Cwm Lc reported 100 shares stake. Hsbc Hldgs Public Ltd Company accumulated 27,169 shares or 0% of the stock. Moreover, Morgan Stanley has 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP). Wells Fargo And Mn holds 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP) for 95,188 shares. Moreover, Geode Ltd Company has 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP). Cambridge Research Advisors Incorporated has 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP). Virtu Fincl reported 10,309 shares stake.

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP had 4 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, November 8 by UBS. The rating was maintained by Jefferies with “Buy” on Friday, November 3. The company was downgraded on Thursday, August 18 by UBS.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.19, from 0.75 in 2017Q2. It increased, 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. Mar Vista Inv Prtnrs Ltd Co, California-based fund reported 389,103 shares. Schwab Charles Invest, California-based fund reported 7.87M shares. Montecito Bancshares reported 15,796 shares or 0.61% of all its holdings. Wellington Shields Cap Limited Liability reported 1.18% stake. Newman Dignan Sheerar accumulated 1.23% or 20,754 shares. Somerset Gp owns 7,815 shares or 0.79% of their US portfolio. The Texas-based Texan Cap has invested 1.64% in PepsiCo, Inc. (NASDAQ:PEP). 2,956 are owned by National Bank & Trust. Clearbridge Ltd Limited Liability Company invested in 0% or 800 shares. Investec Asset Mngmt North America holds 0.46% or 24,155 shares. Cap International Sarl invested in 0.15% or 16,000 shares. Stack Financial Mngmt Inc has invested 2.67% in PepsiCo, Inc. (NASDAQ:PEP). Bernzott Capital Advsrs has invested 0.61% in PepsiCo, Inc. (NASDAQ:PEP). Cibc Savings Bank Usa owns 27,000 shares for 0.39% of their portfolio. Hayek Kallen Mngmt holds 2.11% in PepsiCo, Inc. (NASDAQ:PEP) or 27,679 shares.

Loring Wolcott & Coolidge Fiduciary Advisors Llp, which manages about $5.31B and $5.18 billion US Long portfolio, upped its stake in Edwards Lifescience Corp (NYSE:EW) by 5,344 shares to 8,120 shares, valued at $888,000 in 2017Q3, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 37,733 shares in the quarter, for a total of 1.81M shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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