Bahl & Gaynor Holding in Enbridge (ENB) Decreased as Stock Value Declined; Tcw Group Has Cut Its Pepsico (PEP) Holding by $13.65 Million

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Bahl & Gaynor Inc decreased its stake in Enbridge Inc (ENB) by 15.69% based on its latest 2018Q3 regulatory filing with the SEC. Bahl & Gaynor Inc sold 30,307 shares as the company’s stock declined 6.96% with the market. The institutional investor held 162,912 shares of the natural gas distribution company at the end of 2018Q3, valued at $5.26 million, down from 193,219 at the end of the previous reported quarter. Bahl & Gaynor Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $69.76 billion market cap company. The stock decreased 0.46% or $0.16 during the last trading session, reaching $34.54. About 3.43M shares traded. Enbridge Inc. (NYSE:ENB) has declined 18.34% since January 12, 2018 and is downtrending. It has underperformed by 18.34% the S&P500. Some Historical ENB News: 09/05/2018 – Enbridge Transaction Is Expected to Close in the 3Q of 2018; 10/05/2018 – ENBRIDGE CEO SAYS SEEING A LOT OF INTEREST IN POTENTIAL BUYERS FOR CANADIAN GATHERING AND PROCESSING ASSETS; COULD MAKE ADDITIONAL SALES; 29/03/2018 – ENBRIDGE INC ENB.TO : MIZUHO INITIATES WITH NEUTRAL, C$45 TARGET PRICE; 03/04/2018 – BRIEF-Enbridge Hires RBC To Sell Western Canadian Gas Assets – Bloomberg, Citing; 06/04/2018 – InsideSources: Claims That Pruitt Rent Deal Led to Enbridge Line 67 Approval Fail to Understand Pipeline Permits; 24/05/2018 – Hometown Source: Letter: Support Enbridge Line 3; 09/05/2018 – ENBRIDGE INC – DEAL WILL ALSO ELIMINATE $500 MLN OF EQUITY CAPITAL REQUIREMENT PREVIOUSLY INCLUDED IN FUNDING PLAN; 09/05/2018 – Enbridge hits debt target with $2.5 bln pipeline, renewables sale; 18/05/2018 – Enbridge Income Fund Gets Non-Binding Acquisition Offer From Enbridge Inc; 09/05/2018 – PRESS RELEASE – ENBRIDGE INCOME FUND HOLDINGS INC. ANNOUNCES AGREEMENT TO SELL 49% OF ITS INTERESTS IN RENEWABLE POWER ASSETS FOR $1,050M

Tcw Group Inc decreased its stake in Pepsico Inc (PEP) by 11.49% based on its latest 2018Q3 regulatory filing with the SEC. Tcw Group Inc sold 122,983 shares as the company’s stock rose 2.31% while stock markets declined. The institutional investor held 947,283 shares of the consumer non-durables company at the end of 2018Q3, valued at $105.91 million, down from 1.07 million at the end of the previous reported quarter. Tcw Group Inc who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $152.68B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $108.16. About 5.94M shares traded or 13.23% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 0.46% since January 12, 2018 and is downtrending. It has underperformed by 0.46% the S&P500. Some Historical PEP News: 26/04/2018 – PepsiCo 1Q North America Beverages Rev $4.415B; 26/04/2018 – PEPSICO INC CFO JOHNSTON SAYS RISING COSTS FROM TARIFFS NOT EXPECTED TO BE DISRUPTIVE – CNBC; 01/05/2018 – Correct: PepsiCo Raises Quarter Dividend to 92.75c Vs. 80.5c; 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; 04/05/2018 – PEPSICO INC – SHAREHOLDERS APPROVED, ON AN ADVISORY BASIS, PEPSICO’S EXECUTIVE COMPENSATION; 26/04/2018 – Pepsi’s snack business has been outperforming its North American beverage business; 25/05/2018 – PepsiCo Foods Canada Issues Ontario-Only Voluntary Recall of Select Ruffles® Regular Flavoured Potato Chips Due to Undisclosed Milk Ingredient; 25/05/2018 – PepsiCo: Bare Snacks Sells Apple, Banana, Coconut Snacks, Vegetable Chips; 19/03/2018 – PEPSICO WILL PUBLISH LIST OF MILLS PRODUCE PALM OIL; 25/05/2018 – PepsiCo Buys Bare Foods, Maker of Fruit and Veggie Snacks

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on February, 15. They expect $0.46 earnings per share, down 4.17% or $0.02 from last year’s $0.48 per share. ENB’s profit will be $929.03 million for 18.77 P/E if the $0.46 EPS becomes a reality. After $0.42 actual earnings per share reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts 9.52% EPS growth.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Fool.ca which released: “Which Pipeline Stock Should You Buy for Dividends? – The Motley Fool Canada” on January 10, 2019, also Fool.com with their article: “3 Things to Expect From Kinder Morgan in 2019 – The Motley Fool” published on January 03, 2019, Seekingalpha.com published: “Enbridge: Long-Term Growth And A New Market Opportunity To Drive Cash Flow – Seeking Alpha” on December 18, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Bizjournals.com and their article: “Enbridge completes $3.3B acquisition of Spectra MLP – Houston Business Journal” published on December 17, 2018 as well as Seekingalpha.com‘s news article titled: “Minnesota governor’s administration files appeal vs. Enbridge’s Line 3 – Seeking Alpha” with publication date: December 21, 2018.

Among 17 analysts covering Enbridge Inc. (NYSE:ENB), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Enbridge Inc. had 31 analyst reports since August 4, 2015 according to SRatingsIntel. Bank of America upgraded Enbridge Inc. (NYSE:ENB) on Friday, August 17 to “Buy” rating. The company was maintained on Friday, November 17 by Morgan Stanley. The firm has “Buy” rating given on Monday, March 7 by Canaccord Genuity. Wells Fargo upgraded the shares of ENB in report on Tuesday, November 6 to “Outperform” rating. The stock of Enbridge Inc. (NYSE:ENB) has “Market Perform” rating given on Monday, April 3 by Wells Fargo. As per Monday, May 15, the company rating was maintained by Wolfe Research. The stock of Enbridge Inc. (NYSE:ENB) earned “Neutral” rating by Citigroup on Monday, September 24. The stock of Enbridge Inc. (NYSE:ENB) has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. The firm has “Neutral” rating given on Thursday, September 1 by Bank of America. On Wednesday, January 18 the stock rating was reinitiated by Citigroup with “Neutral”.

Bahl & Gaynor Inc, which manages about $7.63B and $7.78B US Long portfolio, upped its stake in Balchem Corp (NASDAQ:BCPC) by 10,373 shares to 60,325 shares, valued at $6.76M in 2018Q3, according to the filing. It also increased its holding in Cantel Medical Corp (NYSE:CMN) by 13,008 shares in the quarter, for a total of 79,470 shares, and has risen its stake in Healthcare Services Group Inc (NASDAQ:HCSG).

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Zacks.com which released: “PepsiCo (PEP) Gains As Market Dips: What You Should Know – Zacks.com” on January 11, 2019, also Fool.com with their article: “Better Buy: PepsiCo vs. McDonald’s – Motley Fool” published on December 21, 2018, Nasdaq.com published: “PepsiCo is Oversold – Nasdaq” on December 24, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Nasdaq.com and their article: “3 Dividend Aristocrats to Buy and Hold Forever – Nasdaq” published on January 02, 2019 as well as Benzinga.com‘s news article titled: “Pepsico, Inc. (NYSE:PEP), Stericycle, Inc. (NASDAQ:SRCL) – Today’s Pickup: “The last thing I need is more data. I need more information,” Trucking Exec Tells Vendors – Benzinga” with publication date: December 17, 2018.

Since October 4, 2018, it had 0 insider buys, and 4 selling transactions for $22.66 million activity. Narasimhan Laxman sold $587,364 worth of PepsiCo, Inc. (NASDAQ:PEP) on Thursday, October 4. $2.26 million worth of PepsiCo, Inc. (NASDAQ:PEP) was sold by Spanos Mike on Wednesday, October 31. Shares for $1.29 million were sold by Yawman David.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on February, 15 before the open. They expect $1.49 EPS, up 13.74% or $0.18 from last year’s $1.31 per share. PEP’s profit will be $2.10B for 18.15 P/E if the $1.49 EPS becomes a reality. After $1.59 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -6.29% negative EPS growth.

Investors sentiment decreased to 0.87 in Q3 2018. Its down 0.14, from 1.01 in 2018Q2. It is negative, as 43 investors sold PEP shares while 682 reduced holdings. 129 funds opened positions while 502 raised stakes. 952.72 million shares or 0.70% less from 959.39 million shares in 2018Q2 were reported. Indiana And Invest Mngmt has 1.11% invested in PepsiCo, Inc. (NASDAQ:PEP). Clear Harbor Asset Mgmt Ltd Liability Corporation holds 3,509 shares. Brown Advisory Inc reported 862,441 shares. Fiera Capital Corporation has 4.17 million shares for 1.85% of their portfolio. The Ohio-based Cincinnati Insurance has invested 3.89% in PepsiCo, Inc. (NASDAQ:PEP). Dubuque Retail Bank holds 7,293 shares or 0.13% of its portfolio. Amf Pensionsforsakring reported 1.23% stake. Van Cleef Asset Managementinc holds 60,261 shares. Regions Financial Corp reported 865,899 shares stake. Motco holds 36,164 shares or 0.4% of its portfolio. Cim Investment Mangement stated it has 8,845 shares or 0.35% of all its holdings. Golub Grp Inc Limited holds 0.04% or 4,386 shares. Moreover, Delta Asset Mngmt Limited Co Tn has 0.18% invested in PepsiCo, Inc. (NASDAQ:PEP). Nuveen Asset Management Ltd Limited Liability Company reported 102,565 shares. Poplar Forest holds 0.05% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 5,860 shares.

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

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