Villere St Denis J & Co Holding in Pepsico (PEP) Has Boosted by $960,850 as Share Value Declined; Enbridge (ENB) Shareholder Edgepoint Investment Group Has Cut Position as Valuation Rose

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Edgepoint Investment Group Inc decreased its stake in Enbridge Inc (ENB) by 83.71% based on its latest 2018Q4 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 1.24 million shares as the company’s stock rose 8.38% with the market. The institutional investor held 241,712 shares of the natural gas distribution company at the end of 2018Q4, valued at $7.51 million, down from 1.48M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Enbridge Inc for a number of months, seems to be less bullish one the $73.60B market cap company. The stock decreased 1.43% or $0.53 during the last trading session, reaching $36.52. About 3.29M shares traded. Enbridge Inc. (NYSE:ENB) has risen 10.22% since March 17, 2018 and is uptrending. It has outperformed by 5.85% the S&P500. Some Historical ENB News: 09/05/2018 – ENBRIDGE – AL MIDCOAST INTENDS TO MAINTAIN MIDCOAST’S WORKFORCE AND ANTICIPATES THAT THEY WILL JOIN AL MIDCOAST UPON TRANSACTION CLOSE; 09/05/2018 – Enbridge Transaction Is Expected to Close in the 3Q of 2018; 09/05/2018 – Canada Pension Plan Investment Board Signs Agreements to Acquire 49% of Enbridge’s Interests in Select Renewable Power Assets in North America and Europe; 29/03/2018 – ENBRIDGE INC ENB.TO : MIZUHO INITIATES WITH NEUTRAL, C$45 TARGET PRICE; 24/04/2018 – ENBRIDGE WILL KEEP SEEKING APPROVAL FOR PREFERRED LINE 3 ROUTE; 09/05/2018 – ENBRIDGE INCOME FUND HOLDINGS INC – AFFILIATES OF ENBRIDGE INCOME FUND HAVE ENTERED INTO AGREEMENTS WITH CPPIB; 09/05/2018 – Enbridge sells secondary assets for $2.5 billion to trim debt; 09/05/2018 – ENBRIDGE INC – DEAL WILL ALSO ELIMINATE $500 MLN OF EQUITY CAPITAL REQUIREMENT PREVIOUSLY INCLUDED IN FUNDING PLAN; 17/05/2018 – ENBRIDGE: NO SERIES 1 SHRS WILL BE CONVERTED INTO SERIES 2 SHRS; 09/05/2018 – ENBRIDGE REPORTS US$1.120B SALE OF U.S. MIDSTREAM BUSINESSES

Villere St Denis J & Co Llc increased its stake in Pepsico Inc (PEP) by 8.36% based on its latest 2018Q4 regulatory filing with the SEC. Villere St Denis J & Co Llc bought 8,735 shares as the company’s stock declined 1.97% while stock markets rallied. The institutional investor held 113,260 shares of the consumer non-durables company at the end of 2018Q4, valued at $12.51M, up from 104,525 at the end of the previous reported quarter. Villere St Denis J & Co Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $162.42B market cap company. The stock increased 0.14% or $0.16 during the last trading session, reaching $115.66. About 9.97M shares traded or 76.09% up from the average. PepsiCo, Inc. (NYSE:PEP) has risen 7.45% since March 17, 2018 and is uptrending. It has outperformed by 3.08% the S&P500. Some Historical PEP News: 26/04/2018 – Pepsi tops estimates, promises more investments in N. America; 18/04/2018 – PepsiCo Sees Sugarless Gatorade Refreshing Sports-Drink Demand; 17/04/2018 – Neuberger Berman Equity Income Adds PepsiCo, Exits BAE; 25/04/2018 – PepsiCo Tries to Stem Declining Drink Volumes With New Products and Old Favorites — Earnings Preview; 26/04/2018 – PepsiCo Sees 2018 Organic Revenue Growth at Least in Line with 2017 2.3%; 24/04/2018 – Bringing Pop To Fashion: Pepsi® Launches Global Capsule Collection With Boohoo, Umbro, Le Specs, New Era And Anteater; 26/04/2018 – PepsiCo Tops Estimates But Pressure Remains on North America Beverages — Earnings Review; 26/04/2018 – Pepsi said it plans to increase marketing spending on Pepsi drinks in the US to regain momentum; 05/03/2018 – BUNDABERG BREWED DRINKS – BUNDABERG TO REMAIN SEPARATE BUSINESS ENTITY BUT TO BE DISTRIBUTED IN U.S. THROUGH PEPSI’S NETWORK; 26/04/2018 – PepsiCo 1Q North America Beverages Rev $4.42B

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Fool.ca which released: “Warning: No 2 Canadian Energy Stocks Look the Same Right Now – The Motley Fool Canada” on March 15, 2019, also Seekingalpha.com with their article: “Enbridge ‘not surprised’ by Minnesota governor’s Line 3 appeal, CEO says – Seeking Alpha” published on February 15, 2019, Fool.ca published: “3 Dividend Stocks I’d Buy Right Now – The Motley Fool Canada” on March 16, 2019. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Fool.ca and their article: “How to Earn $500/Month of Tax-Free Income in Your TFSA – The Motley Fool Canada” published on March 10, 2019 as well as Fool.com‘s news article titled: “There’s No End in Sight for America’s Disruption of the Oil Market – The Motley Fool” with publication date: March 16, 2019.

Edgepoint Investment Group Inc, which manages about $8.42B US Long portfolio, upped its stake in Mattel Inc. (NASDAQ:MAT) by 10.13M shares to 16.88M shares, valued at $168.67M in 2018Q4, according to the filing. It also increased its holding in Fidelity National Information Services Inc. (NYSE:FIS) by 552,722 shares in the quarter, for a total of 5.10 million shares, and has risen its stake in Middleby Corp (NASDAQ:MIDD).

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on May, 9. They expect $0.44 EPS, down 46.34% or $0.38 from last year’s $0.82 per share. ENB’s profit will be $886.76M for 20.75 P/E if the $0.44 EPS becomes a reality. After $0.49 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Since October 4, 2018, it had 0 insider buys, and 4 insider sales for $22.66 million activity. Yawman David had sold 12,024 shares worth $1.29 million. Another trade for 20,074 shares valued at $2.26M was made by Spanos Mike on Wednesday, October 31. 168,295 shares were sold by Khan Mehmood, worth $18.53M on Monday, October 22.

Villere St Denis J & Co Llc, which manages about $3.49 billion and $1.42B US Long portfolio, decreased its stake in Howard Hughes Corp (NYSE:HHC) by 38,455 shares to 613,303 shares, valued at $59.87 million in 2018Q4, according to the filing. It also reduced its holding in Western Digital Corp (NASDAQ:WDC) by 214,545 shares in the quarter, leaving it with 1.13 million shares, and cut its stake in Euronet Worldwide Inc (NASDAQ:EEFT).

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Nasdaq.com which released: “PepsiCo to Boost Nutrition Portfolio With CytoSport Buyout – Nasdaq” on February 20, 2019, also Investorplace.com with their article: “As Credit Suisse Says Pepsi Stock Could Fall 14%, Is KO Stock A Better Buy? – Investorplace.com” published on March 15, 2019, Nasdaq.com published: “Better Buy: PepsiCo vs. Verizon Communications – Nasdaq” on February 24, 2019. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Nasdaq.com and their article: “Consumer Staples Select Sector SPDR Fund Experiences Big Inflow – Nasdaq” published on March 12, 2019 as well as Nasdaq.com‘s news article titled: “Mixed Bag: Econ Data & Q4 Earnings: PEP, DE, AXL – Nasdaq” with publication date: February 15, 2019.

Investors sentiment increased to 0.94 in Q4 2018. Its up 0.07, from 0.87 in 2018Q3. It increased, as 57 investors sold PEP shares while 656 reduced holdings. 142 funds opened positions while 525 raised stakes. 1.00 billion shares or 5.04% more from 952.72 million shares in 2018Q3 were reported. Jlb Assocs accumulated 2.69% or 99,783 shares. Moreover, Saturna Cap has 1.84% invested in PepsiCo, Inc. (NASDAQ:PEP). Amer Economic Planning Group Inc Inc Adv has 2,884 shares for 0.1% of their portfolio. 95,962 are held by Marble Harbor Invest Counsel Ltd Liability Corp. Buckingham Cap Mgmt Inc holds 0.86% or 35,608 shares in its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 13,069 shares. 2.10 million were reported by Wellcome Trust Ltd (The) As Trustee Of The Wellcome Trust. Mufg Americas Holdings holds 0.71% or 204,829 shares in its portfolio. State Teachers Retirement System stated it has 2.14M shares or 0.67% of all its holdings. Scholtz Ltd Liability holds 2,317 shares. Cap Advsrs Ltd Limited Liability Corporation invested in 0.09% or 2,740 shares. Interest Sarl holds 0.22% or 16,800 shares in its portfolio. Thrivent For Lutherans stated it has 690,410 shares. Anchor Cap Ltd Liability Co holds 0.39% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 87,561 shares. Sns Group Ltd Liability Company holds 0.12% in PepsiCo, Inc. (NASDAQ:PEP) or 4,253 shares.

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