Hallmark Capital Management Lowered By $407,925 Its Pepsico (PEP) Position; Equinix Has 1.4 Sentiment

February 25, 2018 - By Linda Rogers

Hallmark Capital Management Inc decreased Pepsico Inc (PEP) stake by 16.13% reported in 2017Q3 SEC filing. Hallmark Capital Management Inc sold 3,675 shares as Pepsico Inc (PEP)’s stock rose 5.12%. The Hallmark Capital Management Inc holds 19,106 shares with $2.13M value, down from 22,781 last quarter. Pepsico Inc now has $155.74 billion valuation. The stock increased 0.38% or $0.42 during the last trading session, reaching $109.68. About 4.76 million shares traded or 13.85% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since February 25, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Equinix, Inc. is a publicly owned real estate investment trust. The company has market cap of $30.89 billion. It provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It has a 131.61 P/E ratio. The firm provides colocation services and related offerings, including activities space, storage space, cabinets, and power for customersÂ’ colocation needs; interconnection services comprising physical cross connect/direct interconnections, Equinix Internet Exchange, Equinix Cloud Exchange, Equinix Metro Connect, and Internet connectivity services; and managed IT infrastructure services, including installation of customer equipment and cabling, as well as equipment rebooting and power cycling, card swapping, and emergency equipment replacement services.

Ratings analysis reveals 100% of Equinix’s analysts are positive. Out of 2 Wall Street analysts rating Equinix, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. EQIX was included in 2 notes of analysts from December 2, 2016. The rating was initiated by Guggenheim on Friday, December 2 with “Buy”. Stifel Nicolaus maintained the shares of EQIX in report on Thursday, February 16 with “Buy” rating.

The stock increased 1.72% or $6.67 during the last trading session, reaching $394.84. About 1.03M shares traded or 56.13% up from the average. Equinix, Inc. (EQIX) has risen 24.40% since February 25, 2017 and is uptrending. It has outperformed by 7.70% the S&P500.

Since October 10, 2017, it had 0 insider buys, and 1 insider sale for $2.37 million activity. Another trade for 21,449 shares valued at $2.37 million was made by Laguarta Ramon on Tuesday, October 10.

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 maintained on Thursday, October 5 by RBC Capital Markets. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Tuesday, July 11 by Cowen & Co. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Credit Suisse on Friday, September 8. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 22. The rating was maintained by Stifel Nicolaus on Thursday, October 12 with “Hold”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Thursday, April 14 by Stifel Nicolaus. The firm earned “Equal Weight” rating on Monday, January 9 by Barclays Capital. The firm has “Buy” rating given on Wednesday, October 7 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Thursday, February 1 with “Hold”. The company was initiated on Friday, September 16 by Credit Suisse.

Hallmark Capital Management Inc increased Apache Corporation (NYSE:APA) stake by 12,865 shares to 291,687 valued at $13.36 million in 2017Q3. It also upped Verizon Communications (NYSE:VZ) stake by 13,397 shares and now owns 329,404 shares. Cigna Corporation (NYSE:CI) was raised too.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 25. They expect $0.94 earnings per share, 0.00% or $0.00 from last year’s $0.94 per share. PEP’s profit will be $1.33 billion for 29.17 P/E if the $0.94 EPS becomes a reality. After $1.31 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -28.24% negative EPS growth.

Investors sentiment increased to 0.94 in 2017 Q3. 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. Sigma Planning Corporation has invested 0.33% in PepsiCo, Inc. (NASDAQ:PEP). Harvey Inv Communication Ltd Llc has 104,892 shares for 2.31% of their portfolio. Zeke Advisors Ltd, a Pennsylvania-based fund reported 20,681 shares. Page Arthur B reported 1.41% stake. Riverbridge Ptnrs Lc invested in 0.06% or 27,489 shares. Gamble Jones Investment Counsel stated it has 115,653 shares. Money Lc stated it has 20,866 shares. Gamco Invsts Et Al holds 0.17% or 246,177 shares. Tocqueville Asset Mgmt Lp reported 301,509 shares. Albion Fincl Gp Ut owns 3,430 shares or 0.06% of their US portfolio. Hodges Capital Mgmt Inc has invested 0.1% in PepsiCo, Inc. (NASDAQ:PEP). Madison Inv invested in 157,201 shares or 0.31% of the stock. Eastern State Bank has 45,332 shares. Pecaut Co, a Iowa-based fund reported 5,100 shares. Missouri-based Moneta Gru Invest Advsr Limited Com has invested 1.52% in PepsiCo, Inc. (NASDAQ:PEP).

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By1 Linda Rogers

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