Lam Research (LRCX) Shareholder Zurcher Kantonalbank Zurich Cantonalbank Has Trimmed Its Holding; Pepsico (PEP) Position Has Boosted by Tctc Holdings Llc

June 20, 2018 - By Vivian Currie

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Tctc Holdings Llc increased its stake in Pepsico Inc (PEP) by 1.92% based on its latest 2018Q1 regulatory filing with the SEC. Tctc Holdings Llc bought 3,880 shares as the company’s stock declined 9.58% with the market. The institutional investor held 205,807 shares of the consumer non-durables company at the end of 2018Q1, valued at $22.46M, up from 201,927 at the end of the previous reported quarter. Tctc Holdings Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $149.80B market cap company. The stock decreased 0.29% or $0.31 during the last trading session, reaching $105.65. About 3.61 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since June 20, 2017 and is downtrending. It has underperformed by 27.22% the S&P500. Some Historical PEP News: 15/05/2018 – Highbridge Adds PepsiCo, Exits CarMax, Cuts Alibaba: 13F; 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; 25/05/2018 – PEPSICO INC – ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE BARE FOODS CO; 25/05/2018 – PepsiCo gobbles up fruit and veggie chip maker Bare Snacks; 20/03/2018 – Encouraging Women in STEM: PepsiCo and the Society of Women Engineers Kick-Off Annual Student Engineering Challenge; 25/05/2018 – PEPSICO INC – BARE SNACKS WILL CONTINUE TO OPERATE INDEPENDENTLY FROM ITS HEADQUARTERS IN SAN FRANCISCO; 23/03/2018 – VARUN BEVERAGES LTD – CONCLUDED ACQUISITION OF PEPSICO INDIA’S PREVIOUSLY FRANCHISED SUB TERRITORY IN JHARKHAND, MANUFACTURING UNIT AT JAMSHEDPUR

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Lam Research Corp (LRCX) by 10.15% based on its latest 2018Q1 regulatory filing with the SEC. Zurcher Kantonalbank Zurich Cantonalbank sold 12,433 shares as the company’s stock rose 1.81% while stock markets declined. The institutional investor held 110,074 shares of the industrial machinery and components company at the end of 2018Q1, valued at $22.36 million, down from 122,507 at the end of the previous reported quarter. Zurcher Kantonalbank Zurich Cantonalbank who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $28.66B market cap company. The stock increased 0.78% or $1.36 during the last trading session, reaching $174.71. About 2.20M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 31.27% since June 20, 2017 and is uptrending. It has outperformed by 18.70% the S&P500. Some Historical LRCX News: 19/04/2018 – Lam Research Closes Below 50-Day Moving Average: Technicals; 18/04/2018 – LAM RESEARCH CORP LRCX.O : CREDIT SUISSE RAISES TARGET PRICE TO $278 FROM $275; 17/04/2018 – Lam Research Sees 4Q EPS $4.77; 30/04/2018 – Alger Capital Appreciation Institutional Adds Lam Research; 17/04/2018 – LAM RESEARCH SEES 4Q ADJ. EPS $5 +/- 20C, EST. $4.69; 15/05/2018 – Lam and KLA Will Keep Enjoying Memory-Chip Craze, Says Cowen — Barron’s Blog; 17/04/2018 – LAM RESEARCH SEES 4Q ADJ. REV. $3.1B +/- $150M, EST. $2.94B; 17/04/2018 – LAM RESEARCH CORP SEES FOR JUNE 2018 QTR, U.S. GAAP REVENUE $3.100 BLN +/- $150 MLN; 17/04/2018 – Lam Research 3Q Shipments $3.13 Billion; 06/03/2018 – LAM RESEARCH SAYS CY2021 TARGET MODEL ADJ. OPER MARGIN 32%-33%

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Bizjournals.com which published an article titled: “PepsiCo buys SF-based Bare Foods as food giants shop Bay Area for innovation” on May 25, 2018.

Investors sentiment is 0.86 in 2018 Q1. Its the same as in 2017Q4. It is without change, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Addison Cap owns 20,872 shares for 1.85% of their portfolio. Baker Boyer Bancorp invested 0.85% in PepsiCo, Inc. (NASDAQ:PEP). State Of Wisconsin Invest Board has invested 0.53% in PepsiCo, Inc. (NASDAQ:PEP). Rosenbaum Jay D invested in 2.63% or 11,915 shares. Iberiabank invested 0.37% in PepsiCo, Inc. (NASDAQ:PEP). Profit Inv Management Limited Com invested in 8,784 shares. Fred Alger Mngmt Incorporated holds 39,581 shares or 0.02% of its portfolio. 1832 Asset Mgmt LP accumulated 0.06% or 150,473 shares. Northstar Grp Incorporated owns 1.27% invested in PepsiCo, Inc. (NASDAQ:PEP) for 22,386 shares. Parkside Fin National Bank And has 0.62% invested in PepsiCo, Inc. (NASDAQ:PEP) for 14,970 shares. Community Tru Inv Commerce, a Kentucky-based fund reported 107,172 shares. Grimes holds 0.28% in PepsiCo, Inc. (NASDAQ:PEP) or 26,397 shares. Kemper Master Retirement Trust owns 23,350 shares or 2.01% of their US portfolio. Cutter Brokerage Inc reported 28,291 shares stake. D Scott Neal stated it has 867 shares or 0.05% of all its holdings.

Tctc Holdings Llc, which manages about $1.88B US Long portfolio, decreased its stake in Western Un Co (NYSE:WU) by 24,830 shares to 413,379 shares, valued at $7.95 million in 2018Q1, according to the filing. It also reduced its holding in Adobe Sys Inc (NASDAQ:ADBE) by 1,500 shares in the quarter, leaving it with 4,920 shares, and cut its stake in Paypal Hldgs Inc.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Tuesday, July 11. The firm earned “Hold” rating on Friday, June 30 by RBC Capital Markets. The rating was upgraded by Societe Generale on Monday, December 12 to “Buy”. The rating was downgraded by Sterne Agee CRT on Friday, February 26 to “Neutral”. The firm has “Buy” rating by Cowen & Co given on Thursday, August 10. As per Wednesday, June 29, the company rating was maintained by Goldman Sachs. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, April 14 report. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, April 17. As per Wednesday, October 7, the company rating was maintained by S&P Research. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Monday, October 2 by Jefferies.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 25. They expect $5.00 EPS, up 60.77% or $1.89 from last year’s $3.11 per share. LRCX’s profit will be $820.22M for 8.74 P/E if the $5.00 EPS becomes a reality. After $4.79 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 4.38% EPS growth.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Seekingalpha.com which released: “Lam Research Is A Huge Buy” on June 13, 2018, also Nasdaq.com with their article: “Consolidated Research: 2018 Summary Expectations for Antero Midstream Partners LP, Lam Research, TransUnion …” published on June 18, 2018, Streetinsider.com published: “Nomura Expects Micron Technology (MU) to Guide Ahead of Consensus Tonight” on June 20, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Investorplace.com and their article: “5 Top Stock Trades for Tuesday Morning” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Lam Research: Riding The Wave Of Semiconductor Luau” with publication date: May 24, 2018.

Zurcher Kantonalbank Zurich Cantonalbank, which manages about $11.01B US Long portfolio, upped its stake in Quest Diagnostics Inc (NYSE:DGX) by 28,514 shares to 136,507 shares, valued at $13.69 million in 2018Q1, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 14,237 shares in the quarter, for a total of 335,136 shares, and has risen its stake in Exelon Corp (NYSE:EXC).

Since January 23, 2018, it had 0 insider purchases, and 12 insider sales for $28.53 million activity. Another trade for 1,835 shares valued at $390,194 was made by O’Dowd Sarah A on Thursday, March 8. ARCHER TIMOTHY had sold 5,000 shares worth $950,000. Anstice Martin B sold $2.52 million worth of stock or 11,200 shares. LORD PATRICK J sold $987,770 worth of stock or 4,656 shares. 16,866 Lam Research Corporation (NASDAQ:LRCX) shares with value of $3.54 million were sold by Gottscho Richard A.

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 25 have Buy rating, 0 Sell and 2 Hold. Therefore 93% are positive. Lam Research Corporation had 97 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 27 by Cowen & Co. The rating was maintained by B. Riley & Co on Wednesday, April 18 with “Buy”. The firm has “Buy” rating by UBS given on Tuesday, June 13. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by Cowen & Co on Wednesday, October 21. The rating was maintained by KeyBanc Capital Markets on Wednesday, April 18 with “Overweight”. The rating was upgraded by Instinet on Thursday, December 7 to “Buy”. Needham maintained Lam Research Corporation (NASDAQ:LRCX) rating on Friday, October 9. Needham has “Buy” rating and $88 target. The firm earned “Buy” rating on Thursday, January 25 by RBC Capital Markets. The firm has “Buy” rating by UBS given on Monday, June 5. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, August 30.

Investors sentiment increased to 1.1 in 2018 Q1. Its up 0.02, from 1.08 in 2017Q4. It improved, as 62 investors sold LRCX shares while 259 reduced holdings. 131 funds opened positions while 223 raised stakes. 138.23 million shares or 1.88% less from 140.89 million shares in 2017Q4 were reported. 1,350 were reported by Company Of Toledo Na Oh. 623 were accumulated by Exane Derivatives. Bb&T owns 94,235 shares. Iconiq Cap Ltd Liability Co holds 0.12% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 5,045 shares. Ibm Retirement Fund has 0.14% invested in Lam Research Corporation (NASDAQ:LRCX). Lockheed Martin Invest Management, Maryland-based fund reported 6,000 shares. Strategic Advsr Ltd Liability Co accumulated 13,026 shares. Tiaa Cref Limited Liability Com has 0.2% invested in Lam Research Corporation (NASDAQ:LRCX) for 1.47M shares. 47,960 were accumulated by State Treasurer State Of Michigan. Ruggie Capital Grp Incorporated holds 778 shares or 0.09% of its portfolio. Wetherby Asset owns 2,245 shares or 0.06% of their US portfolio. Campbell And Communication Invest Adviser Lc invested in 0.21% or 1,202 shares. Retirement Of Alabama reported 0.08% stake. Johnson Inv Counsel Inc has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). The North Carolina-based Sterling Cap Lc has invested 0.09% in Lam Research Corporation (NASDAQ:LRCX).

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

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