Rhumbline Advisers Lowered Holding in Pepsico Com (PEP) by $1.73 Million; Seabridge Investment Advisors Has Lifted Gilead Sciences (GILD) Holding by $1.51 Million

February 16, 2018 - By Linda Rogers

Seabridge Investment Advisors Llc increased its stake in Gilead Sciences Inc. (GILD) by 3111.67% based on its latest 2017Q3 regulatory filing with the SEC. Seabridge Investment Advisors Llc bought 18,670 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 19,270 shares of the health care company at the end of 2017Q3, valued at $1.56 million, up from 600 at the end of the previous reported quarter. Seabridge Investment Advisors Llc who had been investing in Gilead Sciences Inc. for a number of months, seems to be bullish on the $105.42B market cap company. The stock decreased 1.04% or $0.85 during the last trading session, reaching $80.7. About 6.56 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 16, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Rhumbline Advisers decreased its stake in Pepsico Inc Com (PEP) by 0.61% based on its latest 2017Q3 regulatory filing with the SEC. Rhumbline Advisers sold 15,621 shares as the company’s stock rose 5.12% with the market. The institutional investor held 2.53 million shares of the consumer non-durables company at the end of 2017Q3, valued at $281.63 million, down from 2.54 million at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Pepsico Inc Com for a number of months, seems to be less bullish one the $157.70 billion market cap company. The stock increased 0.08% or $0.09 during the last trading session, reaching $111.06. About 4.03M shares traded or 0.58% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since February 16, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Gilead Sciences had 124 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 6 by Maxim Group. Robert W. Baird maintained Gilead Sciences, Inc. (NASDAQ:GILD) rating on Friday, September 15. Robert W. Baird has “Buy” rating and $87.0 target. The firm has “Outperform” rating given on Wednesday, March 23 by Credit Suisse. Leerink Swann maintained Gilead Sciences, Inc. (NASDAQ:GILD) on Wednesday, February 7 with “Market Perform” rating. The rating was maintained by Cowen & Co on Tuesday, May 30 with “Buy”. The firm has “Buy” rating given on Wednesday, October 5 by Jefferies. The firm earned “Buy” rating on Tuesday, July 25 by Mizuho. The stock has “Hold” rating by Jefferies on Wednesday, August 31. On Wednesday, December 20 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) has “Buy” rating given on Thursday, September 28 by Mizuho.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It increased, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. 37,861 were reported by Johnson Fincl Grp Incorporated. Parnassus Invs Ca accumulated 18.70M shares. M&T Commercial Bank holds 0.15% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD) for 351,139 shares. Alpha Windward Ltd Liability Co accumulated 2,805 shares. Argent Tru accumulated 0.35% or 10,872 shares. Somerville Kurt F holds 0.49% in Gilead Sciences, Inc. (NASDAQ:GILD) or 30,117 shares. Employees Retirement Sys Of Texas reported 441,900 shares stake. Wellington Mngmt Group Inc Llp invested 0.03% in Gilead Sciences, Inc. (NASDAQ:GILD). Covington Capital Management reported 0.22% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Value Cap Limited Liability Corporation holds 12.16% in Gilead Sciences, Inc. (NASDAQ:GILD) or 75,000 shares. Pillar Pacific Mgmt Limited reported 105,669 shares. Grassi holds 0.07% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD) for 5,200 shares. Abner Herrman Brock Limited Liability Com has invested 0.16% in Gilead Sciences, Inc. (NASDAQ:GILD). Old Bank In has invested 0.14% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). North Point Port Managers Oh has 2.77% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 202,405 shares.

Since August 30, 2017, it had 0 insider purchases, and 13 insider sales for $51.09 million activity. MARTIN JOHN C also sold $6.09 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) on Thursday, August 31. Washington Robin L also sold $4.40 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) shares. The insider Meyers James R sold $4.99M.

Seabridge Investment Advisors Llc, which manages about $689.24M and $428.28M US Long portfolio, decreased its stake in Liberty Global Plc Lilac Grp C by 22,097 shares to 82,438 shares, valued at $1.92M in 2017Q3, according to the filing. It also reduced its holding in Estee Lauder Cos. Inc. (NYSE:EL) by 5,003 shares in the quarter, leaving it with 8,762 shares, and cut its stake in Harley (NYSE:HOG).

Investors sentiment increased to 0.94 in Q3 2017. 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. Pennsylvania-based First Commonwealth Financial Pa has invested 0.77% in PepsiCo, Inc. (NYSE:PEP). Heritage Wealth holds 1.43% or 25,591 shares. American Asset Mgmt Incorporated has invested 0.13% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Cibc National Bank Usa invested in 0.39% or 27,000 shares. Qci Asset Mngmt stated it has 140,123 shares. Rfg Advisory Group Incorporated Limited Co, Alabama-based fund reported 2,447 shares. 121,426 were accumulated by S&Co Inc. Papp L Roy Associates accumulated 59,206 shares or 1.43% of the stock. 71,169 were accumulated by Wallington Asset Mgmt Ltd. Private Ocean Ltd Com reported 284 shares. Amer Inv stated it has 8,632 shares. Valicenti Advisory has 39,218 shares. Bangor Bankshares reported 0.7% in PepsiCo, Inc. (NYSE:PEP). Leisure Cap Mngmt invested in 1.52% or 15,523 shares. Lvw Advsr Limited Liability reported 23,896 shares or 1.06% of all its holdings.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of PepsiCo, Inc. (NYSE:PEP) has “Hold” rating given on Thursday, October 12 by Stifel Nicolaus. As per Tuesday, April 19, the company rating was maintained by Barclays Capital. The firm has “Positive” rating by Susquehanna given on Wednesday, April 12. Susquehanna maintained PepsiCo, Inc. (NYSE:PEP) on Monday, February 12 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, September 5. On Friday, July 8 the stock rating was maintained by UBS with “Buy”. On Monday, November 23 the stock rating was upgraded by Nomura to “Neutral”. The rating was maintained by Credit Suisse with “Neutral” on Thursday, October 5. Barclays Capital initiated the stock with “Equal Weight” rating in Monday, January 9 report. Jefferies maintained PepsiCo, Inc. (NYSE:PEP) on Thursday, January 4 with “Hold” rating.

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

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