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As Pepsico (PEP) Stock Declined, Buckingham Asset Management Raised by $713,167 Its Position; Honeywell Intl (HON) Stake Has Boosted by Covington Capital Management

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Covington Capital Management increased its stake in Honeywell Intl Inc (HON) by 24.28% based on its latest 2017Q4 regulatory filing with the SEC. Covington Capital Management bought 10,038 shares as the company’s stock declined 5.96% with the market. The institutional investor held 51,379 shares of the o.e.m. company at the end of 2017Q4, valued at $7.88M, up from 41,341 at the end of the previous reported quarter. Covington Capital Management who had been investing in Honeywell Intl Inc for a number of months, seems to be bullish on the $111.01B market cap company. The stock decreased 1.30% or $1.95 during the last trading session, reaching $148.62. About 4.46M shares traded or 38.81% up from the average. Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 24, 2017 and is uptrending. It has outperformed by 4.39% the S&P500.

Buckingham Asset Management Llc increased its stake in Pepsico Inc (PEP) by 19.62% based on its latest 2017Q4 regulatory filing with the SEC. Buckingham Asset Management Llc bought 5,993 shares as the company’s stock declined 9.24% with the market. The institutional investor held 36,531 shares of the consumer non-durables company at the end of 2017Q4, valued at $4.38M, up from 30,538 at the end of the previous reported quarter. Buckingham Asset Management Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $145.61B market cap company. The stock increased 0.10% or $0.1 during the last trading session, reaching $102.58. About 5.83 million shares traded or 25.04% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 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 68 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, September 6. BMO Capital Markets has “Hold” rating and $120.0 target. The company was maintained on Wednesday, October 7 by Stifel Nicolaus. Credit Suisse downgraded PepsiCo, Inc. (NASDAQ:PEP) on Friday, September 8 to “Neutral” rating. The firm has “Buy” rating given on Friday, September 30 by Jefferies. UBS maintained it with “Buy” rating and $119 target in Friday, July 8 report. As per Thursday, February 1, the company rating was maintained by Credit Suisse. BMO Capital Markets downgraded the shares of PEP in report on Wednesday, June 7 to “Market Perform” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, April 14 report. As per Friday, June 30, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained it with “Buy” rating and $115 target in Thursday, March 23 report.

Buckingham Asset Management Llc, which manages about $6.11 billion and $479.57M US Long portfolio, decreased its stake in Vanguard Index Fds (VTV) by 6,325 shares to 138,817 shares, valued at $14.76 million in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (SHY) by 17,199 shares in the quarter, leaving it with 37,217 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.08, from 0.94 in 2017Q3. It dropped, 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. Pennsylvania-based Addison Cap Communications has invested 2.03% in PepsiCo, Inc. (NASDAQ:PEP). Cwm Ltd Llc holds 0.01% in PepsiCo, Inc. (NASDAQ:PEP) or 2,525 shares. Pggm Investments stated it has 0.93% in PepsiCo, Inc. (NASDAQ:PEP). Inspirion Wealth Advisors Limited Liability accumulated 0.13% or 2,185 shares. Ny State Teachers Retirement reported 2.37 million shares. Ifc Fl invested in 0.09% or 10,895 shares. Sigma Planning Corporation has invested 0.32% in PepsiCo, Inc. (NASDAQ:PEP). Nbt Commercial Bank N A Ny, a New York-based fund reported 98,968 shares. The Michigan-based Ls Inv Lc has invested 1.31% in PepsiCo, Inc. (NASDAQ:PEP). Old Point Fincl Services N A invested in 4.04% or 62,262 shares. 6,764 are owned by Edgemoor Investment Advsrs. Focused Wealth stated it has 0.06% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Yacktman Asset Management Limited Partnership reported 9.11% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Moreno Evelyn V reported 56,032 shares. Private Wealth Partners stated it has 0.19% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP).

Covington Capital Management, which manages about $1.97B and $1.62B US Long portfolio, decreased its stake in Pimco Etf Tr (HYS) by 8,639 shares to 7,638 shares, valued at $767,000 in 2017Q4, according to the filing. It also reduced its holding in Anadarko Pete Corp (NYSE:APC) by 7,104 shares in the quarter, leaving it with 15,941 shares, and cut its stake in Vanguard Index Fds (VNQ).

Among 21 analysts covering Honeywell International Inc. (NYSE:HON), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Honeywell International Inc. had 96 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 13. The stock of Honeywell International Inc. (NYSE:HON) has “Overweight” rating given on Wednesday, August 16 by Morgan Stanley. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Friday, June 30 by RBC Capital Markets. The stock has “Buy” rating by Robert W. Baird on Wednesday, October 11. The company was initiated on Thursday, January 21 by Citigroup. Credit Suisse maintained the shares of HON in report on Wednesday, April 12 with “Hold” rating. The company was maintained on Friday, June 30 by Jefferies. The stock of Honeywell International Inc. (NYSE:HON) earned “Outperform” rating by RBC Capital Markets on Monday, October 10. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 24. The company was maintained on Tuesday, September 26 by Jefferies.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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