Fenimore Asset Management Holds Position in South State (SSB); As Pepsico (PEP) Stock Price Rose, Bank Of The West Has Trimmed Its Position by $561,660

South State Corporation (NASDAQ:SSB) Logo

Fenimore Asset Management Inc increased its stake in South State Corporation (SSB) by 8.17% based on its latest 2018Q3 regulatory filing with the SEC. Fenimore Asset Management Inc bought 46,639 shares as the company’s stock declined 19.17% with the market. The institutional investor held 617,456 shares of the major banks company at the end of 2018Q3, valued at $50.63M, up from 570,817 at the end of the previous reported quarter. Fenimore Asset Management Inc who had been investing in South State Corporation for a number of months, seems to be bullish on the $2.41 billion market cap company. The stock increased 2.43% or $1.6 during the last trading session, reaching $67.46. About 126,550 shares traded. South State Corporation (NASDAQ:SSB) has declined 25.89% since February 16, 2018 and is downtrending. It has underperformed by 25.89% the S&P500. Some Historical SSB News: 24/04/2018 – SOUTH STATE CORP – PER SHARE DIVIDEND AMOUNT HIGHER BY $0.01 PER SHARE, OR 3.0% COMPARED TO LAST QUARTER AND SAME QUARTER ONE YEAR AGO; 23/04/2018 – South State Closes Above 200-Day Moving Average: Technicals; 24/04/2018 – SOUTH STATE BOOSTS QTR DIV TO 34C/SHR FROM 33C, EST. 34C; 24/04/2018 – SOUTH STATE 1Q ADJ EPS $1.39; 24/04/2018 – SOUTH STATE CORP – QTRLY NET INTREST INCOME $ 128.97 MLN VS $ 97.4 MLN; 20/04/2018 – DJ South State Corporation, Inst Holders, 1Q 2018 (SSB); 07/03/2018 – SOUTH STATE CORP. FILES MIXED SECURITIES SHELF; 25/04/2018 – SOUTH STATE CORP SSB.O : KBW CUTS TO MARKET PERFORM FROM OUTPERFORM; 24/04/2018 – SOUTH STATE CORP – EFFECTIVE JULY 1, 2018, CAP ON INTERCHANGE FEES UNDER DURBIN AMENDMENT WILL BE IN PLACE FOR COMPANY; 24/04/2018 – SOUTH STATE CORP – INCREASED QTRLY CASH DIVIDEND FOR SHAREHOLDERS TO $0.34 PER SHARE, UP $0.01 PER SHARE OVER LAST QUARTER

Bank Of The West decreased its stake in Pepsico Inc (PEP) by 14.29% based on its latest 2018Q3 regulatory filing with the SEC. Bank Of The West sold 5,060 shares as the company’s stock rose 2.31% while stock markets declined. The institutional investor held 30,360 shares of the consumer non-durables company at the end of 2018Q3, valued at $3.39 million, down from 35,420 at the end of the previous reported quarter. Bank Of The West who had been investing in Pepsico Inc 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: 24/04/2018 – Sabra Launches a New Limited-Edition Flavor for Spring – Sweet & Smoky BBQ Hummus with Jackfruit and Smoked Paprika; 16/03/2018 – Pepsi CEO Makes 650 Times The Typical Worker — MarketWatch; 26/04/2018 – PepsiCo 1Q Europe Sub-Saharan Africa Rev $1.67B; 10/05/2018 – Pepsi® Generations Summer Campaign Celebrates the Brand’s Rich Music History; Features Michael Jackson, Ray Charles and Britne; 14/03/2018 – Amazon, Spotify, The New York Times, DELL, Pepsi Added to Speak at UNLEASH America in Las Vegas in May; 11/05/2018 – MOODY’S DOWNGRADES DR PEPPER SNAPPLE RATINGS TO BAA2; ASSIGNS RATINGS TO FUND KEURIG DR PEPPER TRANSACTION; 02/04/2018 – Cambodian farmers sue Thai sugar group Mitr Phol over alleged land grab; 26/04/2018 – PepsiCo Sees 2018 Organic Revenue Growth at Least in Line with 2017 2.3%; 17/05/2018 – The Malcolm Jenkins Foundation, PepsiCo, and Feed the Children Unite to Defeat Hunger at Get Ready Fest™: Helping Feed Camden, NJ; 20/03/2018 – World Water Day: PepsiCo and The Nature Conservancy Announce New Water Conservation Projects in Southwestern States

Among 9 analysts covering South State Corp (NASDAQ:SSB), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. South State Corp had 39 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, April 24 by SunTrust. The rating was maintained by Brean Capital on Tuesday, January 2 with “Hold”. The stock has “Hold” rating by Brean Capital on Monday, April 16. The rating was maintained by Brean Capital with “Hold” on Monday, January 29. The firm has “Buy” rating given on Monday, January 8 by SunTrust. The firm has “Hold” rating by Brean Capital given on Thursday, April 5. The stock of South State Corporation (NASDAQ:SSB) has “Underweight” rating given on Wednesday, October 24 by Stephens. The stock of South State Corporation (NASDAQ:SSB) earned “Hold” rating by Stephens on Friday, July 21. SunTrust maintained it with “Buy” rating and $107.0 target in Tuesday, November 28 report. The stock of South State Corporation (NASDAQ:SSB) has “Buy” rating given on Tuesday, July 25 by Keefe Bruyette & Woods.

More notable recent South State Corporation (NASDAQ:SSB) news were published by: Seekingalpha.com which released: “South State Q4 2018 Earnings Preview – Seeking Alpha” on January 27, 2019, also Nasdaq.com with their article: “South State (SSB) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” published on January 21, 2019, Nasdaq.com published: “Daily Dividend Report: HCA, CR, SSB, IBM, NBL – Nasdaq” on January 29, 2019. More interesting news about South State Corporation (NASDAQ:SSB) were released by: Nasdaq.com and their article: “After-Hours Earnings Report for January 28, 2019 : CE, RGA, ELS, WHR, BRO, GGG, IDTI, WWD, CR, CHFC, JJSF, SSB – Nasdaq” published on January 28, 2019 as well as Nasdaq.com‘s news article titled: “Spirit of Texas Bancshares, Inc. Reports Fourth Quarter 2018 Financial Results – Nasdaq” with publication date: January 30, 2019.

Fenimore Asset Management Inc, which manages about $2.04B and $2.85B US Long portfolio, decreased its stake in Stryker Corporation (NYSE:SYK) by 2,908 shares to 494,388 shares, valued at $87.84M in 2018Q3, according to the filing. It also reduced its holding in Sonic Corp. (NASDAQ:SONC) by 570,295 shares in the quarter, leaving it with 275,242 shares, and cut its stake in Interpublic Group Of Companies (NYSE:IPG).

Investors sentiment decreased to 0.87 in Q3 2018. 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. Broderick Brian C accumulated 32,615 shares. Loudon Mgmt Limited Liability Corp has 1.08% invested in PepsiCo, Inc. (NASDAQ:PEP) for 12,001 shares. Moreover, Vanguard Inc has 0.52% invested in PepsiCo, Inc. (NASDAQ:PEP). Bbr Prtnrs Limited Liability Company has invested 0.26% in PepsiCo, Inc. (NASDAQ:PEP). Psagot Inv House holds 0.19% in PepsiCo, Inc. (NASDAQ:PEP) or 38,815 shares. Community Trust And Investment owns 77,574 shares or 1% of their US portfolio. Blackrock has 94.83M shares for 0.46% of their portfolio. Chesapeake Asset Mgmt Ltd Liability accumulated 2.97% or 23,152 shares. Parsec Financial Mgmt Inc reported 215,324 shares stake. Usca Ria Lc reported 11,243 shares. Villere St Denis J Ltd Com holds 104,525 shares. Stonebridge Ltd Liability owns 17,617 shares or 0.4% of their US portfolio. Avalon Ltd holds 1.56% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 496,526 shares. Washington Tru Co accumulated 122,895 shares or 0.74% of the stock. Capwealth Advsr Limited Liability Com holds 1.38% in PepsiCo, Inc. (NASDAQ:PEP) or 75,148 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: “Cannabis-Infused Drinks Are a Slow Burn for NBEV Stock – Nasdaq” published on January 17, 2019, Streetinsider.com published: “Pepsico (PEP) PT Reintroduced at $107 at Guggenheim – StreetInsider.com” on February 15, 2019. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Streetinsider.com and their article: “Pre-Open Stock Movers 02/15: (TLND) (CBAY) (NVDA) Higher; (AKAO) (TRUE) (LOGM) Lower (more…) – StreetInsider.com” published on February 15, 2019 as well as Nasdaq.com‘s news article titled: “Better Buy: PepsiCo vs. Anheuser-Busch InBev – Nasdaq” with publication date: January 26, 2019.

Since October 4, 2018, it had 0 insider buys, and 4 insider sales for $22.66 million activity. Khan Mehmood had sold 168,295 shares worth $18.53M on Monday, October 22. $1.29 million worth of PepsiCo, Inc. (NASDAQ:PEP) was sold by Yawman David. Spanos Mike sold 20,074 shares worth $2.26 million.

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. On Thursday, July 6 the stock rating was maintained by Susquehanna with “Buy”. Goldman Sachs maintained PepsiCo, Inc. (NASDAQ:PEP) on Tuesday, April 19 with “Neutral” rating. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Monday, September 18 by Jefferies. As per Thursday, February 1, the company rating was maintained by Credit Suisse. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, July 21 report. The stock has “Hold” rating by RBC Capital Markets on Friday, March 24. Jefferies maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Tuesday, August 15. Jefferies has “Buy” rating and $133.0 target. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 19. The stock has “Buy” rating by Societe Generale on Monday, December 12. The company was maintained on Tuesday, July 11 by BMO Capital Markets.

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

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