Pepsico, Inc. (PEP) Raised to "Buy" at Zacks Investment Research

It closed at $179.79 lastly. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since October 14, 2016 and is uptrending.

Salient Capital Advisors Llc decreased Pepsico Inc (PEP) stake by 2.18% reported in 2017Q2 SEC filing. Equities research analysts predict that PepsiCo, Inc. will post $5.14 earnings per share for the current year. Sirios Capital Management LP sold 34,119 shares as the company's stock rose 1.58% with the market. The company has a market cap of $160.16 billion, a price-to-earnings ratio of 23.27 and a beta of 0.68. (NYSE:PEP) traded 0.15% higher at $117.70. Following the completion of the sale, the chairman now directly owns 733,315 shares of the company's stock, valued at $85,387,198.60.

Pepsico, Inc. (NYSE:PEP) issued its quarterly earnings results on Wednesday, October 4th. It has underperformed by 4.50% the S&P500. It also increased its holding in Harris Corp Del (NYSE:HRS) by 7,415 shares in the quarter, for a total of 12,510 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

The stock decreased 0.69% or $0.07 on October 13, reaching $10.06. More interesting news about Kite Pharma Inc (NASDAQ:KITE) were released by: Seekingalpha.com and their article: "Time To Trust Gilead Again" published on October 05, 2017 as well as Businesswire.com's news article titled: "Gilead Sciences Completes Acquisition of Kite Pharma, Inc." with publication date: October 03, 2017. Four equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $109.90. Therefore 42% are positive. Jefferies maintained Intercontinental Exchange Inc (NYSE:ICE) on Tuesday, April 11 with "Buy" rating. RBC Capital Markets maintained the stock with "Buy" rating in Monday, August 14 report. Stifel Nicolaus reaffirmed a "hold" rating and issued a $116.00 price target on shares of Pepsico in a research note on Friday. The rating was initiated by Barclays Capital on Wednesday, July 6 with "Equal-Weight". RBC Capital Markets maintained it with "Outperform" rating and $30 target in Monday, January 11 report. As per Wednesday, June 29, the company rating was maintained by Goldman Sachs. As per Thursday, June 8, the company rating was upgraded by BTIG Research. Credit Suisse Group lowered Pepsico from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Susquehanna Bancshares Inc reissued a buy rating and set a $135.00 price objective on shares of Pepsico in a report on Monday, October 2nd.

Since May 1, 2017, it had 5 insider buys, and 7 insider sales for $2.15 million activity. 22,251 shares were sold by ABERLE DEREK K, worth $1.28 million. (NASDAQ:QCOM) for 1,545 shares. Another trade for 50,000 shares valued at $3.45M was made by BONDERMAN DAVID on Tuesday, May 9. On Friday, April 28 TRUDELL CYNTHIA sold $337,775 worth of PepsiCo, Inc.

Investors sentiment decreased to 1.24 in Q2 2017. Its down 0.09, from 0.84 in 2017Q1. It is positive, as 63 investors sold MU shares while 217 reduced holdings. 107 funds opened positions while 451 raised stakes. Atlanta Management Company L L C reported 0.27% of its portfolio in PepsiCo, Inc. Stockbridge Prns Limited Liability Company stated it has 3.07% in Advanced Drainage Systems Inc (NYSE:WMS). Deutsche Bank Ag, a Germany-based fund reported 634 shares. Highland Capital Mngmt Lp owns 30,000 shares or 0.15% of their USA portfolio. Bontempo Ohly Capital Mngmt Ltd Liability Com accumulated 18,315 shares. Whittier Tru holds 1,304 shares. Pathstone Family Office Ltd Liability Corp reported 750 shares or 0.02% of all its holdings. Segment Wealth Lc has 14,604 shares. The Interocean Capital Llc holds 53,746 shares with $6.21M value, down from 72,463 last quarter. Ing Groep Nv holds 0.01% or 17,609 shares. Willingdon Wealth Management now owns 6,381 shares of the company's stock worth $714,000 after purchasing an additional 16 shares during the period.

Investors sentiment decreased to 0.75 in Q2 2017. Its up 0.36, from 1.69 in 2017Q1. It is negative, as 44 investors sold PEP shares while 778 reduced holdings. During the same period in the previous year, the company posted $0.89 earnings per share. Invesco Limited holds 0% or 476,907 shares. Financial Prns Management Ltd Co invested 0.27% of its portfolio in PepsiCo, Inc.

The EPS this year for Pepsico, Inc., PEP is 4.84 following the EPC growth of next year of 7.40%. Girard Prtn Ltd invested in 32,744 shares or 0.82% of the stock. Thompson Mgmt Incorporated invested in 0.73% or 33,687 shares. 71,268 were reported by Haverford Fincl Service. Zacks Inv Mgmt holds 0.57% in PepsiCo, Inc. (NYSE:PEP). Moreover, Garde has 0.13% invested in PepsiCo, Inc. First Merchants Corporation has 37,435 shares for 1.19% of their portfolio. Hrt Financial Lc has invested 0.47% in PepsiCo, Inc. Buffington Mohr Mcneal owns 0.73% invested in Micron Technology, Inc. Georgia-based Suntrust Banks has invested 0.44% in PepsiCo, Inc. (NYSE:PEP). Pekin Singer Strauss Asset Management Il owns 40,509 shares or 0.74% of their USA portfolio. Farmers And Merchants Invs has invested 1.42% in PepsiCo, Inc. Excalibur Mngmt holds 2.53% or 24,482 shares in its portfolio. Jpmorgan Chase & owns 10.10 million shares. Ltd. raised its position in PepsiCo by 692.2% in the fourth quarter.

More notable recent PepsiCo, Inc.

Since April 28, 2017, it had 0 buys, and 1 sale for $337,775 activity.

Related:

Comments


Other news