Market News

Pepsico (PEP) Shareholder Busey Trust Company Cut Its Holding; As Baidu (BIDU) Stock Value Rose, Shareholder Punch Card Management LP Has Trimmed by $15.21 Million Its Holding

Punch Card Management Lp decreased its stake in Baidu Inc (BIDU) by 27.11% based on its latest 2017Q3 regulatory filing with the SEC. Punch Card Management Lp sold 61,582 shares as the company’s stock rose 1.94% with the market. The institutional investor held 165,577 shares of the technology company at the end of 2017Q3, valued at $41.01 million, down from 227,159 at the end of the previous reported quarter. Punch Card Management Lp who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $85.20 billion market cap company. The stock decreased 1.40% or $3.48 during the last trading session, reaching $244.72. About 2.20M shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 19, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Busey Trust Company decreased its stake in Pepsico (PEP) by 2.31% based on its latest 2017Q3 regulatory filing with the SEC. Busey Trust Company sold 3,572 shares as the company’s stock rose 5.12% with the market. The institutional investor held 151,380 shares of the consumer non-durables company at the end of 2017Q3, valued at $16.87M, down from 154,952 at the end of the previous reported quarter. Busey Trust Company who had been investing in Pepsico 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 5.58 million shares traded or 37.11% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since February 19, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Nomura given on Friday, January 22. As per Monday, December 19, the company rating was initiated by Cantor Fitzgerald. As per Monday, October 30, the company rating was maintained by JP Morgan. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Hold” rating by Deutsche Bank on Wednesday, September 28. The firm earned “Buy” rating on Monday, August 31 by Jefferies. The firm has “Buy” rating by TH Capital given on Tuesday, October 27. Stifel Nicolaus upgraded it to “Buy” rating and $220 target in Tuesday, January 10 report. Jefferies maintained Baidu, Inc. (NASDAQ:BIDU) rating on Thursday, May 12. Jefferies has “Buy” rating and $203 target. The company was downgraded on Tuesday, July 28 by Brean Capital. The stock has “Neutral” rating by Macquarie Research on Monday, October 31.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on February, 22. They expect $1.66 EPS, up 3.75% or $0.06 from last year’s $1.6 per share. BIDU’s profit will be $577.95M for 36.86 P/E if the $1.66 EPS becomes a reality. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, September 8 by Credit Suisse. UBS maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, October 7. UBS has “Buy” rating and $108 target. The stock has “Hold” rating by RBC Capital Markets on Friday, November 10. The rating was maintained by JP Morgan with “Overweight” on Tuesday, April 19. Goldman Sachs maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, June 29 with “Neutral” rating. Cowen & Co maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Monday, January 8. Cowen & Co has “Buy” rating and $133.0 target. The company was upgraded on Monday, November 23 by Nomura. On Tuesday, March 21 the stock rating was initiated by JP Morgan with “Overweight”. As per Thursday, February 1, the company rating was maintained by Credit Suisse. The rating was maintained by BMO Capital Markets with “Buy” on Friday, April 28.

Since October 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.37 million activity.

Leave a Reply

Your email address will not be published. Required fields are marked *