Home Bancshares (HOMB) Shareholder Copeland Capital Management Has Lowered Its Stake by $2.26 Million; As Pepsico (PEP) Stock Price Declined, Academy Capital Management Cut Position by $5.94 Million

April 25, 2018 - By Richard Conner

PepsiCo, Inc. (NASDAQ:PEP) Logo

Copeland Capital Management Llc decreased its stake in Home Bancshares (HOMB) by 11.84% based on its latest 2017Q4 regulatory filing with the SEC. Copeland Capital Management Llc sold 98,324 shares as the company’s stock declined 4.30% with the market. The institutional investor held 732,036 shares of the finance company at the end of 2017Q4, valued at $17.02 million, down from 830,360 at the end of the previous reported quarter. Copeland Capital Management Llc who had been investing in Home Bancshares for a number of months, seems to be less bullish one the $4.07B market cap company. The stock increased 2.54% or $0.58 during the last trading session, reaching $23.42. About 1.37M shares traded or 55.15% up from the average. Home Bancshares, Inc. (NASDAQ:HOMB) has declined 16.14% since April 25, 2017 and is downtrending. It has underperformed by 27.69% the S&P500.

Academy Capital Management Inc decreased its stake in Pepsico Inc (PEP) by 30.03% based on its latest 2017Q4 regulatory filing with the SEC. Academy Capital Management Inc sold 49,908 shares as the company’s stock declined 9.24% with the market. The institutional investor held 116,300 shares of the consumer non-durables company at the end of 2017Q4, valued at $13.95 million, down from 166,208 at the end of the previous reported quarter. Academy Capital Management Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $143.99B market cap company. The stock decreased 1.11% or $1.14 during the last trading session, reaching $101.44. About 4.75 million shares traded or 1.04% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 25, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Since February 6, 2018, it had 1 buying transaction, and 1 sale for $7.49 million activity. On Wednesday, March 7 Ashley Richard H sold $7.50 million worth of Home Bancshares, Inc. (NASDAQ:Conway, AR) or 300,000 shares.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 2.06, from 3.12 in 2017Q3. It turned negative, as 39 investors sold HOMB shares while 66 reduced holdings. 33 funds opened positions while 78 raised stakes. 108.05 million shares or 49.86% less from 215.48 million shares in 2017Q3 were reported. Mendon Cap reported 457,560 shares. Citadel Advsr Limited Liability Com stated it has 0% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR). Citigroup Incorporated holds 0% or 22,941 shares. Tower Research Cap Ltd Liability Corporation (Trc) holds 0% or 530 shares. Maltese Capital Ltd Liability Corporation stated it has 0.82% in Home Bancshares, Inc. (NASDAQ:Conway, AR). Hodges holds 0.12% in Home Bancshares, Inc. (NASDAQ:Conway, AR) or 70,000 shares. Principal Financial Group Inc Inc owns 670,497 shares. Commonwealth Of Pennsylvania School Empls Retrmt System stated it has 0.01% in Home Bancshares, Inc. (NASDAQ:Conway, AR). Fortaleza Asset Mgmt Inc has 2.03% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR). Intrust Bankshares Na has 0.13% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR). Goldman Sachs Group Inc Inc accumulated 0.02% or 2.92M shares. Jefferies Grp Inc Ltd Liability Company owns 17,000 shares or 0% of their US portfolio. Rmb Capital Mgmt Limited Company holds 0.07% or 122,426 shares. Moreover, Amundi Pioneer Asset has 0% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR) for 24,534 shares. Rhumbline Advisers reported 307,728 shares.

Copeland Capital Management Llc, which manages about $1.04B and $1.58 billion US Long portfolio, upped its stake in Algonquin Power And Utilities (AQUNF) by 962,104 shares to 2.54M shares, valued at $28.37M in 2017Q4, according to the filing. It also increased its holding in Mccormick And Co (NYSE:MKC) by 4,648 shares in the quarter, for a total of 24,346 shares, and has risen its stake in Equinix Inc (NASDAQ:EQIX).

Among 12 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Home Bancshares Inc. had 41 analyst reports since July 20, 2015 according to SRatingsIntel. The company was initiated on Friday, November 13 by Merion Capital. The firm has “Buy” rating given on Friday, January 8 by Sandler O’Neill. The firm has “Buy” rating given on Thursday, April 19 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Hovde Group given on Tuesday, January 5. The firm has “Buy” rating given on Friday, April 20 by Sandler O’Neill. On Monday, May 15 the stock rating was upgraded by Wood to “Outperform”. The firm has “Buy” rating given on Friday, January 19 by Stephens. Wood maintained it with “Outperform” rating and $44 target in Friday, August 21 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $29.0 target in Thursday, October 19 report. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It turned 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. 4,918 were reported by Jennison Assoc Limited Liability. 6,696 are owned by Perritt Cap Mngmt. Guardian Cap Advsrs Limited Partnership invested in 1.34% or 85,481 shares. Reliant Investment Mngmt Ltd Llc reported 33,045 shares. Utd Amer (D B A Uas Asset Management) accumulated 131,128 shares. Alpine Woods Investors has 0.08% invested in PepsiCo, Inc. (NASDAQ:PEP) for 13,000 shares. Retail Bank Of Nova Scotia accumulated 751,815 shares. Nj State Employees Deferred Compensation Plan has 0.48% invested in PepsiCo, Inc. (NASDAQ:PEP) for 23,251 shares. First Trust Advsr Limited Partnership has invested 0.1% in PepsiCo, Inc. (NASDAQ:PEP). Fund Mngmt invested in 20,986 shares or 0.01% of the stock. Fincl Bank Of Hawaii reported 52,614 shares or 0.52% of all its holdings. Echo Street Capital Mgmt Ltd invested in 0.79% or 217,429 shares. 392,239 are held by Mar Vista Prns Ltd. Evanson Asset Mngmt Ltd Liability Company invested 0.05% in PepsiCo, Inc. (NASDAQ:PEP). D L Carlson Investment Group reported 38,715 shares stake.

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. Goldman Sachs downgraded the shares of PEP in report on Tuesday, April 17 to “Sell” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, April 19. The firm has “Overweight” rating given on Tuesday, April 19 by JP Morgan. RBC Capital Markets maintained the shares of PEP in report on Friday, March 24 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $115.0 target in Friday, November 10 report. Credit Suisse maintained the shares of PEP in report on Thursday, February 1 with “Hold” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 7. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Buy” rating by Jefferies on Tuesday, August 15. The stock has “Buy” rating by Susquehanna on Monday, February 12. The firm has “Buy” rating given on Friday, April 28 by Credit Suisse.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 EPS, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31B for 27.57 P/E if the $0.92 EPS becomes a reality. After $1.31 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Home Bancshares, Inc. (NASDAQ:Conway, AR) Institutional Positions Chart

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