As Pepsico (PEP) Share Price Declined, Shareholder Ensemble Capital Management Cut Its Stake; Saybrook Capital Holding in General Elec Co (GE) Cut by $6.88 Million as Share Value Declined

May 24, 2018 - By Linda Rogers

General Electric Company (NYSE:GE) Logo

Saybrook Capital decreased its stake in General Elec Co (GE) by 80.13% based on its latest 2017Q4 regulatory filing with the SEC. Saybrook Capital sold 404,512 shares as the company’s stock declined 23.20% with the market. The institutional investor held 100,309 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.75 million, down from 504,821 at the end of the previous reported quarter. Saybrook Capital who had been investing in General Elec Co for a number of months, seems to be less bullish one the $126.11B market cap company. The stock increased 2.40% or $0.34 during the last trading session, reaching $14.52. About 77.26M shares traded or 6.42% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Ensemble Capital Management Llc decreased its stake in Pepsico Inc (PEP) by 22.97% based on its latest 2017Q4 regulatory filing with the SEC. Ensemble Capital Management Llc sold 4,405 shares as the company’s stock declined 9.24% with the market. The institutional investor held 14,775 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.77M, down from 19,180 at the end of the previous reported quarter. Ensemble Capital Management Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $141.95B market cap company. The stock decreased 0.33% or $0.335 during the last trading session, reaching $100.115. About 2.29 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 24, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

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. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Overweight” rating given on Tuesday, April 19 by Barclays Capital. Cowen & Co maintained the shares of PEP in report on Thursday, August 10 with “Buy” rating. The rating was maintained by Credit Suisse on Thursday, February 1 with “Hold”. The firm earned “Overweight” rating on Tuesday, March 21 by JP Morgan. The firm earned “Neutral” rating on Tuesday, April 19 by Goldman Sachs. RBC Capital Markets maintained it with “Hold” rating and $115 target in Friday, May 26 report. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, April 27 report. RBC Capital Markets maintained it with “Hold” rating and $11500 target in Tuesday, August 1 report. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Monday, December 12 by Societe Generale. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Thursday, March 23 by BMO Capital Markets.

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Fool.com which published an article titled: “These Companies Gave Bonuses or Raises After Tax Reform” on May 24, 2018.

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 16.47 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.

Ensemble Capital Management Llc, which manages about $381.11M and $550.44M US Long portfolio, upped its stake in First Rep Bk San Francisco C (NYSE:FRC) by 106,310 shares to 320,851 shares, valued at $27.80M in 2017Q4, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 34,300 shares in the quarter, for a total of 467,735 shares, and has risen its stake in Ferrari N V.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It is negative, as 63 investors sold PEP shares while 712 reduced holdings. 122 funds opened positions while 542 raised stakes. 958.76 million shares or 0.63% less from 964.87 million shares in 2017Q3 were reported. Riverbridge Prns Ltd Liability Corp has invested 0.08% in PepsiCo, Inc. (NASDAQ:PEP). Sg Americas Secs Limited Liability Corp has 471,207 shares for 0.53% of their portfolio. Commonwealth National Bank & Trust Of Australia has invested 0.16% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). 29,300 were reported by Long Road Investment Counsel Ltd Liability. Hightower Ltd Liability Company holds 0.62% or 629,700 shares in its portfolio. Aull Monroe Mngmt has 26,834 shares. 27,869 were reported by Cibc Bank & Trust Usa. Hedeker Wealth Llc reported 2.03% stake. Smithfield holds 0.66% or 45,114 shares. Community Natl Bank Na holds 0.78% or 60,786 shares in its portfolio. Old Second Fincl Bank Of Aurora has 0.21% invested in PepsiCo, Inc. (NASDAQ:PEP) for 4,430 shares. Bbr Prns Llc has 9,656 shares. Cornerstone Cap Mngmt Ltd Liability Corp accumulated 861,959 shares or 0.72% of the stock. Moreover, Violich Cap has 2.84% invested in PepsiCo, Inc. (NASDAQ:PEP). Ledyard Commercial Bank owns 56,290 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.17 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Zwj Inv Counsel Inc has invested 0.21% of its portfolio in General Electric Company (NYSE:GE). Garde has invested 0.04% in General Electric Company (NYSE:GE). Chemung Canal has 129,873 shares. The Minnesota-based Bremer Tru National Association has invested 0.24% in General Electric Company (NYSE:GE). Rand Wealth Limited Liability Company invested in 342,576 shares or 0.65% of the stock. 286 were accumulated by Beacon Inc. Moreover, Welch Gp Limited Liability Corp has 0.04% invested in General Electric Company (NYSE:GE). Neumann Mgmt Ltd Liability holds 0.87% in General Electric Company (NYSE:GE) or 81,050 shares. Loews reported 0.32% stake. Hancock Holdings stated it has 0.02% in General Electric Company (NYSE:GE). Advisory Svcs Network Lc reported 0.25% stake. Df Dent And reported 127,561 shares. Stuyvesant Cap Mgmt has invested 4.79% in General Electric Company (NYSE:GE). 5.89M were accumulated by Aviva Pcl. Proffitt And Goodson reported 0.53% in General Electric Company (NYSE:GE).

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Valuation Insights On General Electric” on May 24, 2018, also Seekingalpha.com with their article: “General Electric’s Death Could Be Best For Shareholders” published on April 25, 2018, Benzinga.com published: “The Market In 5 Minutes: GE, Tariffs, Summit, Jobless Claims And More” on May 24, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Bizjournals.com and their article: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “JPMorgan: GE short of healthy balance sheet” with publication date: May 22, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $34 target in Friday, October 14 report. The rating was maintained by Morgan Stanley on Monday, July 17 with “Equal-Weight”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, June 13. As per Monday, July 17, the company rating was maintained by Cowen & Co. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Outperform”. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Bernstein on Tuesday, July 26. The firm has “Buy” rating by Citigroup given on Monday, October 23. The firm has “Hold” rating by Vertical Research given on Tuesday, January 16. The rating was maintained by S&P Research on Wednesday, October 14 with “Buy”. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Tuesday, November 21. Deutsche Bank has “Sell” rating and $15.0 target.

Saybrook Capital, which manages about $216.24 million US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 6,432 shares to 68,990 shares, valued at $7.87 million in 2017Q4, according to the filing. It also increased its holding in Apple Computer (NASDAQ:AAPL) by 1,810 shares in the quarter, for a total of 59,307 shares, and has risen its stake in Mondelez Intl Inc Cl A (NASDAQ:MDLZ).

Since January 26, 2018, it had 1 buying transaction, and 0 insider sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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