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Eagle Capital Management Has Cut Its Pepsico (PEP) Stake by $302.73 Million; Nabors Industries LTD (NBR) Shareholder Covalent Partners Has Decreased Its Stake

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Boykin Curry decreased its stake in Pepsico Inc (PEP) by 98.16% based on its latest 2018Q1 regulatory filing with the SEC. Eagle Capital Management Llc sold 2.78M shares as the company’s stock declined 9.58% with the market. The hedge fund run by Boykin Curry held 52,046 shares of the consumer non-durables company at the end of 2018Q1, valued at $5.68M, down from 2.83M at the end of the previous reported quarter. Eagle Capital Management Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $152.21 billion market cap company. The stock increased 1.46% or $1.54 during the last trading session, reaching $107.35. About 3.62 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 21, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: 26/04/2018 – PepsiCo 1Q North America Beverages Rev $4.42B; 26/04/2018 – Pepsi has been trying to turn around its lagging Gatorade business; 30/04/2018 – Gatorade Launches “Everything Changes” Global Football Campaign Featuring Football Superstars Lionel Messi, Luis Suárez, And; 26/04/2018 – PepsiCo 1Q Quaker Foods North America Rev $601M; 26/04/2018 – PepsiCo Sees About $9B 2018 Cash From Operating Activities; 26/04/2018 – PepsiCo Sees 2018 Organic Revenue Growth at Least in Line with 2017 2.3%; 26/04/2018 – PEPSICO SEES 2018 CORE SHR $5.70; 26/04/2018 – PepsiCo 1Q Rev $12.56B; 26/04/2018 – PEPSICO- CEO SAYS TEAM IS “MANIACALLY” FOCUSED ON GETTING NAB BUSINESS BACK TO TRACK IN 2H18, AND WILL SEQUENTIALLY IMPROVE EVERY QUARTER; 25/05/2018 – PEPSICO CANADA – IMPACTED PRODUCT LIMITED TO 750 BAGS DISTRIBUTED TO SOME RETAILERS IN ONTARIO, NO IMPACTED PRODUCT SHIPPED TO OTHER PROVINCES OR U.S

Robert Hockett decreased its stake in Nabors Industries Ltd (NBR) by 7.61% based on its latest 2018Q1 regulatory filing with the SEC. Covalent Partners Llc sold 60,377 shares as the company’s stock rose 5.20% while stock markets declined. The hedge fund run by Robert Hockett held 733,459 shares of the oil & gas production company at the end of 2018Q1, valued at $5.13M, down from 793,836 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Nabors Industries Ltd for a number of months, seems to be less bullish one the $2.26 billion market cap company. The stock decreased 1.94% or $0.12 during the last trading session, reaching $6.3. About 5.11M shares traded. Nabors Industries Ltd. (NYSE:NBR) has declined 18.48% since June 21, 2017 and is downtrending. It has underperformed by 31.05% the S&P500. Some Historical NBR News: 01/05/2018 – Nabors 1Q Cont Ops Loss/Shr 46c; 08/05/2018 – Nabors Conference Set By Tudor Pickering & Co for May. 15-16; 09/05/2018 – NABORS INDUSTRIES LTD – EACH MANDATORY CONVERTIBLE PREFERRED SHARE IS EXPECTED TO HAVE A LIQUIDATION PREFERENCE OF $50 PER SHARE; 17/05/2018 – Nabors 21.7% Owned by Hedge Funds; 01/05/2018 – Nabors 1Q Rev $734.2M; 07/03/2018 – Richland Source: AU grad Nabors becomes interim director of Mansfield Symphony Chorus; 10/05/2018 – Nabors Industries Sees Gross Proceeds of $521.3M; 22/03/2018 – NABORS INDUSTRIES LTD NBR.N : CITIGROUP RAISES TARGET PRICE TO $9.5 FROM $8.5; 01/05/2018 – Nabors 1Q Loss $144.2M; 21/03/2018 – Nabors Closes Above 200-Day Moving Average: Technicals

More news for PepsiCo, Inc. (NASDAQ:PEP) were recently published by: Bizjournals.com, which released: “Fast-Food Roundup: Starbucks closing 150 stores… McDonald’s trying paper straws” on June 21, 2018. Bizjournals.com‘s article titled: “PepsiCo buys SF-based Bare Foods as food giants shop Bay Area for innovation” and published on May 25, 2018 is yet another important article.

Investors sentiment is 0.86 in 2018 Q1. Its the same as in 2017Q4. It is flat, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Fincl Corp accumulated 78,085 shares. Moreover, Gardner Russo Gardner Limited Liability Company has 0.03% invested in PepsiCo, Inc. (NASDAQ:PEP) for 33,597 shares. 4,433 were reported by Arvest Bank Division. Rothschild Inv Corporation Il stated it has 10,286 shares. Blackrock reported 92.56 million shares. 180,439 are owned by Hm Payson & Company. California State Teachers Retirement stated it has 2.49M shares or 0.58% of all its holdings. Narwhal Cap Management holds 41,949 shares. Barrett Asset Mngmt Ltd invested in 207,267 shares or 1.61% of the stock. Capital Counsel Ltd Liability Ny invested in 13,420 shares. Paradigm Cap Management New York stated it has 71,800 shares. Stifel Fincl Corporation invested 0.66% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). 4,404 are owned by Palisade Management Ltd Nj. Kessler Investment Ltd reported 8,639 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 470,957 shares.

Eagle Capital Management Llc, which manages about $23.89 billion and $26.99 billion US Long portfolio, upped its stake in Oracle Corp (NYSE:ORCL) by 135,624 shares to 36.33 million shares, valued at $1.66 billion in 2018Q1, according to the filing. It also increased its holding in Twenty (NASDAQ:FOX) by 1.62 million shares in the quarter, for a total of 27.61M shares, and has risen its stake in Liberty Tripadvisor Hdg (NASDAQ:LTRPA).

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on July, 10. They expect $1.52 EPS, up 1.33% or $0.02 from last year’s $1.5 per share. PEP’s profit will be $2.16B for 17.66 P/E if the $1.52 EPS becomes a reality. After $0.96 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

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. On Monday, February 12 the stock rating was maintained by Susquehanna with “Buy”. The firm earned “Hold” rating on Thursday, January 4 by Wells Fargo. As per Friday, April 28, the company rating was maintained by BMO Capital Markets. Goldman Sachs maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, June 29 with “Neutral” rating. RBC Capital Markets maintained the shares of PEP in report on Thursday, October 5 with “Sector Perform” rating. As per Friday, July 8, the company rating was maintained by Deutsche Bank. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 17. The company was maintained on Friday, April 28 by Credit Suisse. The firm has “Overweight” rating by Barclays Capital given on Tuesday, April 19. The company was maintained on Friday, April 27 by Stifel Nicolaus.

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Nabors Industries Ltd. had 112 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained Nabors Industries Ltd. (NYSE:NBR) rating on Monday, August 10. BMO Capital Markets has “Market Perform” rating and $15 target. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 5. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 19. The firm earned “Equal-Weight” rating on Wednesday, June 21 by Morgan Stanley. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Buy” rating by Credit Suisse on Friday, March 31. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Sector Perform” rating by Howard Weil on Thursday, October 8. Bank of America maintained Nabors Industries Ltd. (NYSE:NBR) on Wednesday, November 8 with “Buy” rating. BMO Capital Markets maintained Nabors Industries Ltd. (NYSE:NBR) on Thursday, July 13 with “Hold” rating. The firm earned “Hold” rating on Monday, January 15 by BMO Capital Markets.

Covalent Partners Llc, which manages about $968.54 million and $104.89 million US Long portfolio, upped its stake in M/I Homes Inc (NYSE:MHO) by 19,100 shares to 187,580 shares, valued at $5.97M in 2018Q1, according to the filing. It also increased its holding in C&J Energy Svcs Inc New by 32,609 shares in the quarter, for a total of 213,538 shares, and has risen its stake in Lennar Corp (NYSE:LEN).

More news for Nabors Industries Ltd. (NYSE:NBR) were recently published by: Seekingalpha.com, which released: “Nabors Industries: Difficult Path To Profitability” on June 04, 2018. 247Wallst.com‘s article titled: “Jefferies Says Buy Land Drillers Now in Huge Contrarian Call” and published on June 20, 2018 is yet another important article.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on August, 1. They expect $-0.22 EPS, up 42.11% or $0.16 from last year’s $-0.38 per share. After $-0.29 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -24.14% EPS growth.

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

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