Connors Investor Services Cut Its Holding in Pepsico (PEP) by $5.73 Million as Valuation Rose; As Wells Fargo Co New (WFC) Market Value Declined, Holder Aspiriant Decreased by $775,164 Its Position

Wells Fargo & Company (NYSE:WFC) Logo

Aspiriant Llc decreased its stake in Wells Fargo Co New (WFC) by 25.47% based on its latest 2018Q3 regulatory filing with the SEC. Aspiriant Llc sold 14,907 shares as the company’s stock declined 15.07% with the market. The institutional investor held 43,610 shares of the major banks company at the end of 2018Q3, valued at $2.29M, down from 58,517 at the end of the previous reported quarter. Aspiriant Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $225.49 billion market cap company. The stock increased 1.44% or $0.7 during the last trading session, reaching $49.22. About 19.35M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 17.79% since February 16, 2018 and is downtrending. It has underperformed by 17.79% the S&P500. Some Historical WFC News: 04/04/2018 – Lennar Hires Wells Fargo, Deutsche Bank to Advise on Strategic Alternatives for Rialto Capital Unit; 26/04/2018 – NOW Inc Presenting at Wells Fargo Industrials Conference May 8; 10/05/2018 – Wells Fargo trims expected hit from regulatory cap on assets; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in Rocky Brands; 07/05/2018 – Buffett: Don’t Get Smug About Wells Fargo Troubles — Barrons.com; 26/04/2018 – Sensata Presenting at Wells Fargo Industrials Conference May 8; 07/05/2018 – DowDuPont at Wells Fargo Industrials Conference Tomorrow; 27/04/2018 – Allegion to Attend 2018 Wells Fargo Industrials Conference; 03/05/2018 – Eldorado Resorts Presenting at Wells Fargo Conference May 16; 24/04/2018 – Wells Fargo Shareholders Approve Bigger Paychecks for Executives

Connors Investor Services Inc decreased its stake in Pepsico (PEP) by 19.05% based on its latest 2018Q3 regulatory filing with the SEC. Connors Investor Services Inc sold 51,600 shares as the company’s stock rose 2.31% while stock markets declined. The institutional investor held 219,208 shares of the consumer non-durables company at the end of 2018Q3, valued at $24.51M, down from 270,808 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Pepsico for a number of months, seems to be less bullish one the $163.62B market cap company. The stock increased 2.95% or $3.32 during the last trading session, reaching $115.91. About 8.89M shares traded or 67.84% up from the average. PepsiCo, Inc. (NYSE:PEP) has declined 0.46% since February 16, 2018 and is downtrending. It has underperformed by 0.46% the S&P500. Some Historical PEP News: 26/04/2018 – PepsiCo Tops Estimates But Pressure Remains on North America Beverages — Earnings Review; 20/04/2018 – PepsiCo Announces Webcast of Annual Shareholders’ Meeting; 25/05/2018 – PepsiCo said it would buy baked fruit and vegetable snack maker Bare Foods, in a deal that underscores the company’s efforts to strengthen its healthy snack portfolio; 26/04/2018 – PepsiCo Sees 2018 Organic Revenue Growth at Least in Line with 2017 2.3%; 11/05/2018 – MOODY’S DOWNGRADES DR PEPPER SNAPPLE RATINGS TO BAA2; ASSIGNS RATINGS TO FUND KEURIG DR PEPPER TRANSACTION; 26/04/2018 – PepsiCo 1Q EPS 94c; 26/04/2018 – PepsiCo Sees 2018 Net Capital Spending About $3.6B; 25/05/2018 – PEPSICO-BARE SNACKS DEAL IS LESS THAN $200 MLN- CNBC , CITING; 26/04/2018 – Pepsi has been trying to turn around its lagging Gatorade business; 25/05/2018 – PEPSICO INC – ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE BARE FOODS CO

Among 24 analysts covering PepsiCo (NYSE:PEP), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. PepsiCo had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Friday, September 8. The stock has “Outperform” rating by Credit Suisse on Friday, September 16. The stock has “Buy” rating by UBS on Friday, July 8. On Wednesday, July 11 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by S&P Research with “Hold” on Wednesday, October 7. Jefferies maintained the stock with “Buy” rating in Thursday, July 6 report. The firm has “Buy” rating by Credit Suisse given on Friday, April 28. Jefferies maintained the shares of PEP in report on Thursday, June 22 with “Buy” rating. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, September 5.

Since October 4, 2018, it had 0 buys, and 4 selling transactions for $22.66 million activity. $587,364 worth of stock was sold by Narasimhan Laxman on Thursday, October 4. Spanos Mike had sold 20,074 shares worth $2.26M on Wednesday, October 31. Khan Mehmood sold $18.53M worth of stock or 168,295 shares.

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Nasdaq.com which released: “PepsiCo (PEP) 4th Quarter Earnings: What to Expect – Nasdaq” on February 14, 2019, also Nasdaq.com with their article: “PepsiCo (PEP) Gains But Lags Market: What You Should Know – Nasdaq” published on January 18, 2019, Nasdaq.com published: “Why the Earnings Surprise Streak Could Continue for PepsiCo (PEP) – Nasdaq” on January 23, 2019. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Nasdaq.com and their article: “Thursday Sector Laggards: Financial, Consumer Products – Nasdaq” published on February 14, 2019 as well as Nasdaq.com‘s news article titled: “Consumer Sector Update for 02/15/2019: GIS,PEP,REED,NWL – Nasdaq” with publication date: February 15, 2019.

Investors sentiment decreased to 0.87 in 2018 Q3. Its down 0.14, from 1.01 in 2018Q2. It turned 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. Utd Asset Strategies stated it has 0.26% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Cap Incorporated Ca has invested 0.11% in PepsiCo, Inc. (NASDAQ:PEP). 32,171 were accumulated by Horrell Mgmt. Prudential Financial stated it has 4.02M shares or 0.66% of all its holdings. Iowa State Bank, a Iowa-based fund reported 44,372 shares. Ameriprise Fin Incorporated holds 0.33% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 5.62M shares. 4.17 million were accumulated by Sanders Cap Lc. Los Angeles Cap & Equity Research stated it has 541,626 shares or 0.32% of all its holdings. Flossbach Von Storch Ag owns 18,915 shares or 0.02% of their US portfolio. Savant Ltd invested in 0.35% or 17,316 shares. Btr Mgmt Inc has invested 2.76% in PepsiCo, Inc. (NASDAQ:PEP). Capital Invest Services Of America Incorporated invested 0.09% in PepsiCo, Inc. (NASDAQ:PEP). Golub Gru Limited Liability holds 0.04% in PepsiCo, Inc. (NASDAQ:PEP) or 4,386 shares. Moreno Evelyn V holds 58,070 shares or 1.82% of its portfolio. 8,110 are owned by Accredited Invsts Inc.

Connors Investor Services Inc, which manages about $522.13M and $743.65M US Long portfolio, upped its stake in Verizon Communications (NYSE:VZ) by 24,849 shares to 182,482 shares, valued at $9.74 million in 2018Q3, according to the filing. It also increased its holding in Union Pacific (NYSE:UNP) by 4,500 shares in the quarter, for a total of 8,475 shares, and has risen its stake in Csx (NYSE:CSX).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 18 have Buy rating, 6 Sell and 15 Hold. Therefore 46% are positive. Wells Fargo & Company had 159 analyst reports since July 29, 2015 according to SRatingsIntel. Jefferies maintained Wells Fargo & Company (NYSE:WFC) on Friday, July 7 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 27. The firm earned “Neutral” rating on Friday, September 7 by Macquarie Research. Guggenheim downgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, April 6 to “Neutral” rating. The rating was downgraded by Jefferies on Monday, November 28 to “Hold”. The stock has “Buy” rating by Sandler O’Neill on Friday, April 13. The firm earned “Buy” rating on Tuesday, January 19 by Argus Research. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by UBS on Wednesday, January 11. Piper Jaffray maintained Wells Fargo & Company (NYSE:WFC) rating on Sunday, April 15. Piper Jaffray has “Hold” rating and $5800 target. The stock has “Underperform” rating by BMO Capital Markets on Friday, November 18.

Investors sentiment increased to 0.78 in Q3 2018. Its up 0.06, from 0.72 in 2018Q2. It increased, as 55 investors sold WFC shares while 664 reduced holdings. 126 funds opened positions while 432 raised stakes. 3.46 billion shares or 3.93% less from 3.60 billion shares in 2018Q2 were reported. Ntv Asset Mngmt Ltd Co accumulated 11,302 shares or 0.16% of the stock. Wellington Shields Cap Mngmt Ltd Liability owns 0.03% invested in Wells Fargo & Company (NYSE:WFC) for 4,024 shares. Horan Cap Mgmt holds 334,428 shares. Magellan Asset Management Limited accumulated 4.21% or 24.49 million shares. Hightower Advsrs Ltd Limited Liability Company invested in 540,742 shares or 0.2% of the stock. Farmers And Merchants Investments invested in 536,569 shares. Teachers Retirement System Of The State Of Kentucky stated it has 0.53% of its portfolio in Wells Fargo & Company (NYSE:WFC). Dodge Cox holds 3.25% in Wells Fargo & Company (NYSE:WFC) or 79.85 million shares. British Columbia Inv Mgmt Corporation holds 0.73% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1.31M shares. Calamos Wealth Mgmt Ltd Liability invested 0.13% of its portfolio in Wells Fargo & Company (NYSE:WFC). Pinnacle Fincl Prns invested 0.63% of its portfolio in Wells Fargo & Company (NYSE:WFC). Geode Cap Limited Liability Corp has invested 0.73% of its portfolio in Wells Fargo & Company (NYSE:WFC). Oakbrook Investments Limited Company has invested 0.61% in Wells Fargo & Company (NYSE:WFC). Old National State Bank In has invested 0.17% in Wells Fargo & Company (NYSE:WFC). Eagle Ridge Invest Mngmt stated it has 0.07% of its portfolio in Wells Fargo & Company (NYSE:WFC).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo Is Still Undervalued – Seeking Alpha” on January 08, 2019, also with their article: “Wells Fargo Reports Mixed Q4 Results (NYSE:WFC) – Benzinga” published on January 15, 2019, Seekingalpha.com published: “Wells Fargo: A Great Strategy For Making 5.2% In Just Six Months – Seeking Alpha” on December 17, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: and their article: “Wells Fargo (NYSE:WFC) CEO To Elizabeth Warren: I’m Not Going Anywhere – Benzinga” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “Tracking Warren Buffett’s Berkshire Hathaway Portfolio – Q4 2018 Update – Seeking Alpha” with publication date: February 15, 2019.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.