Van Berkom & Associates Stake in Euronet Worldwide (EEFT) Has Cut as Share Price Rose; As Pepsico (PEP) Shares Rose, Holder Evergreen Capital Management Lowered Holding

February 12, 2018 - By Richard Conner

Evergreen Capital Management Llc decreased its stake in Pepsico Inc (PEP) by 31.84% based on its latest 2017Q3 regulatory filing with the SEC. Evergreen Capital Management Llc sold 10,220 shares as the company’s stock rose 5.12% with the market. The institutional investor held 21,874 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.44M, down from 32,094 at the end of the previous reported quarter. Evergreen Capital Management Llc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $159.92 billion market cap company. The stock increased 1.14% or $1.27 during the last trading session, reaching $112.45. About 2.76M shares traded. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since February 12, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Van Berkom & Associates Inc decreased its stake in Euronet Worldwide Inc (EEFT) by 2.7% based on its latest 2017Q3 regulatory filing with the SEC. Van Berkom & Associates Inc sold 21,287 shares as the company’s stock rose 1.88% with the market. The institutional investor held 766,975 shares of the finance company at the end of 2017Q3, valued at $72.70 million, down from 788,262 at the end of the previous reported quarter. Van Berkom & Associates Inc who had been investing in Euronet Worldwide Inc for a number of months, seems to be less bullish one the $4.21B market cap company. The stock increased 1.52% or $1.2 during the last trading session, reaching $79.9. About 621,007 shares traded or 14.51% up from the average. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 8.96% since February 12, 2017 and is uptrending. It has underperformed by 7.74% the S&P500.

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. Winslow Limited Co reported 103 shares stake. 664,252 are owned by Proshare Advisors Ltd Liability Corp. Qv Investors Incorporated reported 1,575 shares. First Interstate National Bank accumulated 77,558 shares. Steinberg Glob Asset Mngmt holds 1.51% of its portfolio in Pepsico, Inc. (NASDAQ:PEP) for 92,054 shares. Cardinal owns 33,651 shares. Dillon Assoc reported 3.59% stake. Investec Asset Mgmt holds 2.97 million shares. Pnc Serv Grp Inc has invested 0.83% in Pepsico, Inc. (NASDAQ:PEP). Ftb Advsr owns 57,920 shares or 0.66% of their US portfolio. Rand Wealth Llc stated it has 50,055 shares. Shelter Insur Retirement Plan accumulated 3.32% or 63,900 shares. Perigon Wealth Management Limited Liability Corp accumulated 1,681 shares. Independent Invsts stated it has 1.04% in Pepsico, Inc. (NASDAQ:PEP). Moneta Grp Incorporated Advisors Limited Liability stated it has 87,701 shares or 1.52% of all its holdings.

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

Analysts await Pepsico, Inc. (NASDAQ:PEP) to report earnings on February, 13 before the open. They expect $1.30 EPS, up 8.33% or $0.10 from last year’s $1.2 per share. PEP’s profit will be $1.85B for 21.63 P/E if the $1.30 EPS becomes a reality. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth.

Among 21 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 13 Hold. Therefore 38% are positive. PepsiCo had 64 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, February 26 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. The stock of Pepsico, Inc. (NASDAQ:PEP) earned “Buy” rating by Cowen & Co on Tuesday, July 11. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Pepsico, Inc. (NASDAQ:PEP) rating on Friday, May 26. RBC Capital Markets has “Hold” rating and $115 target. As per Friday, September 16, the company rating was initiated by Credit Suisse. The rating was maintained by RBC Capital Markets on Friday, March 24 with “Hold”. The firm earned “Buy” rating on Friday, September 30 by Jefferies. The rating was maintained by Cowen & Co on Monday, January 8 with “Buy”. The firm earned “Buy” rating on Wednesday, October 7 by Stifel Nicolaus. As per Wednesday, April 12, the company rating was upgraded by Susquehanna.

Evergreen Capital Management Llc, which manages about $855.07M US Long portfolio, upped its stake in Ishares Inc by 16,021 shares to 82,025 shares, valued at $4.57 million in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 21,880 shares in the quarter, for a total of 36,884 shares, and has risen its stake in Mplx Lp (NYSE:MPLX).

Since August 30, 2017, it had 0 buys, and 8 sales for $25.31 million activity. Another trade for 20,000 shares valued at $1.82M was sold by Brown Michael J. WELLER RICK also sold $2.68 million worth of Euronet Worldwide, Inc. (NASDAQ:EEFT) shares. Fountas Nikos sold 296 shares worth $27,232. 10,276 Euronet Worldwide, Inc. (NASDAQ:EEFT) shares with value of $999,867 were sold by OLECHOWSKI ANDREJ.

Van Berkom & Associates Inc, which manages about $3.36 billion and $2.79 billion US Long portfolio, upped its stake in Kulicke & Soffa Inds Inc (NASDAQ:KLIC) by 25,151 shares to 104,436 shares, valued at $2.25M in 2017Q3, according to the filing. It also increased its holding in American Renal Associates Holdings by 1.82 million shares in the quarter, for a total of 2.19M shares, and has risen its stake in Financial Engines Inc..

Among 10 analysts covering Euronet Worldwide (NASDAQ:EEFT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Euronet Worldwide had 21 analyst reports since July 21, 2015 according to SRatingsIntel. Northland Capital initiated the stock with “Outperform” rating in Wednesday, January 20 report. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Market Perform” rating given on Thursday, February 11 by Avondale. Piper Jaffray maintained it with “Buy” rating and $112.0 target in Friday, October 20 report. The rating was maintained by Piper Jaffray with “Buy” on Thursday, January 18. Northland Capital maintained the shares of EEFT in report on Thursday, October 19 with “Buy” rating. The firm has “Neutral” rating given on Friday, June 10 by Monness Crespi. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, September 2 report. The rating was maintained by Northland Capital with “Buy” on Wednesday, September 13. The firm earned “Buy” rating on Wednesday, October 12 by SunTrust. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) has “Market Outperform” rating given on Wednesday, April 27 by Avondale.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.30, from 1 in 2017Q2. It is positive, as 12 investors sold EEFT shares while 87 reduced holdings. 44 funds opened positions while 85 raised stakes. 47.88 million shares or 0.66% more from 47.57 million shares in 2017Q2 were reported. 50,781 were reported by Cornerstone. Clarivest Asset Management Ltd Liability Corp holds 17,045 shares. Renaissance Tech Limited Liability holds 693,945 shares. Gsa Prns Llp, United Kingdom-based fund reported 10,879 shares. Legal & General Grp Public Limited Company owns 23,722 shares. Eaton Vance Mgmt stated it has 0.04% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Arcadia Mngmt Corporation Mi owns 0.02% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 600 shares. Spectrum Mngmt accumulated 3 shares. Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma stated it has 11,995 shares. Moreover, Schwab Charles Investment Mgmt has 0.02% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT). Eagle Boston Invest Management reported 1.81% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Huntington State Bank holds 0% in Euronet Worldwide, Inc. (NASDAQ:EEFT) or 914 shares. Moreover, First Interstate Bankshares has 0.02% invested in Euronet Worldwide, Inc. (NASDAQ:EEFT). 9,185 are owned by Coe Capital Management Ltd Liability Corp. Regions Fincl Corp holds 8,025 shares.

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