Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why PepsiCo, Philip Morris, Fitbit, and Two Other Stocks Are Making Headlines Today

With the end of the quarter approaching once again, the markets are quiet as investors await the latest economic data-points slated to be made public this week.

In this article, we will find out why traders are buzzing about five stocks, PepsiCo, Inc. (NYSE:PEP), Philip Morris International Inc. (NYSE:PM), Fitbit Inc (NYSE:FIT), Transocean LTD (NYSE:RIG), and Actinium Pharmaceuticals Inc (NYSEMKT:ATNM). In addition, we will take a look at what the investors from our database think about the companies in question.

While there are many metrics that investors can assess in the investment process, the hedge fund sentiment is something that is often overlooked. However, hedge funds and other institutional investors allocate significant resources while making their bets and their long-term focus makes them the perfect investors to emulate. This is supported by our research, which determined that following the small-cap stocks that hedge funds are collectively bullish on can help a smaller investor to beat the S&P 500 by around 95 basis points per month (see the details here).

PepsiCo, Inc. (NYSE: PEP), can, cans, Pepsi, Dring, Beverage, Nonalcoholic, Popular, Sign, Logo, Brand


PepsiCo, Inc. (NYSE:PEP) shares are in the green after the consumer staple reported solid results for its fiscal third quarter. During the period, PepsiCo earned $1.40 per share, beating estimates by $0.08 per share. Revenue was $16.03 billion, down by 1.8% year-over-year mainly due to the strong dollar, but still $200 million better than the consensus estimate. Organic revenue for the period grew by 4.2% year-over-year and the company’s core constant-currency EPS inched up 7% due to core operating margin rising 30 basis points and core gross margin expanding 50 basis points. For 2016, PepsiCo Inc. (NYSE:PEP) expects 2016 core earnings of $4.78 per share and approximately 4% organic revenue growth when adjusting for certain factors. Donald Yacktman‘s Yacktman Asset Management cut its stake in PepsiCo, Inc. (NYSE:PEP)  by 21% in the second quarter to just over 10.61 million shares held at the end of June.

Follow Pepsico Inc (NASDAQ:PEP)
Trade (NASDAQ:PEP) Now!

Philip Morris International Inc. (NYSE:PM) is trending after the company updated its full year 2016 guidance during its investor day. Due to various changes, the company now sees full year EPS of $4.53 to $4.58, excluding the impact of share repurchases. That’s better than the average analyst estimate of $4.49 per share. The management also expects total cigarette sector volume to inch lower by 2% to 2.5% year-over-year when excluding China and the United States. The hedge fund sentiment towards Philip Morris International Inc. (NYSE:PM) has been mostly stable. According to our database of around 749 funds, 47 of them were long Philip Morris International Inc. (NYSE:PM) at the end of the second quarter, down by one from the previous quarter.

Follow Philip Morris International Inc. (NYSE:PM)
Trade (NYSE:PM) Now!

On the next page, we take a closer look at Fitbit, Transocean LTD, and Actinium Pharmaceuticals.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.