The stock of PepsiCo, Inc. (NYSE:PEP) is a huge mover today! About 2.50 million shares traded hands. PepsiCo, Inc. (NYSE:PEP) has declined 1.01% since April 11, 2016 and is downtrending. It has underperformed by 7.15% the S&P500.
The move comes after 9 months positive chart setup for the $143.14 billion company. It was reported on Nov, 11 by Barchart.com. We have $155.51 PT which if reached, will make NYSE:PEP worth $71.57B more.
PepsiCo, Inc. (NYSE:PEP) Ratings Coverage
Out of 14 analysts covering PepsiCo (NYSE:PEP), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. PepsiCo has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Sterne Agee CRT downgraded PepsiCo, Inc. (NYSE:PEP) on Friday, February 26 to “Neutral” rating. The stock of PepsiCo, Inc. (NYSE:PEP) has “Neutral” rating given on Monday, November 23 by Nomura. The firm has “Outperform” rating by Credit Suisse given on Friday, September 16. As per Tuesday, April 19, the company rating was maintained by Goldman Sachs. On Wednesday, October 7 the stock rating was maintained by UBS with “Buy”. The stock of PepsiCo, Inc. (NYSE:PEP) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, April 14 report. As per Friday, September 30, the company rating was maintained by Jefferies. Vetr downgraded PepsiCo, Inc. (NYSE:PEP) rating on Thursday, August 27. Vetr has “Buy” rating and $92.96 price target. The rating was maintained by Citigroup on Tuesday, April 19 with “Neutral”.
According to Zacks Investment Research, “PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. PepsiCo brands are among the best known and most respected in the world and are available in countries and territories throughout the world. PepsiCo’s success is the result of superior products, high standards of performance, distinctive competitive strategies and the high integrity of its people.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.04, from 0.91 in 2016Q1. The ratio dropped, as 40 funds sold all PepsiCo, Inc. shares owned while 737 reduced positions. 75 funds bought stakes while 600 increased positions. They now own 977.04 million shares or 4.41% less from 1.02 billion shares in 2016Q1.
Etrade Cap Lc has invested 0.23% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Mackenzie accumulated 1.59 million shares or 0.95% of the stock. Santa Barbara Asset Mngmt Limited Liability Company has invested 2.84% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Tradition Capital Limited Liability Co has invested 0.57% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Plancorp Ltd Liability Corporation accumulated 31,722 shares or 2.98% of the stock. Moreover, Philadelphia Trust Co has 0.26% invested in PepsiCo, Inc. (NYSE:PEP) for 28,460 shares. Warren Averett Asset Mgmt Limited Liability accumulated 0.13% or 2,613 shares. Cape Ann Bancshares reported 17,931 shares or 2.6% of all its holdings. Aperio Limited Liability Com holds 0.75% of its portfolio in PepsiCo, Inc. (NYSE:PEP) for 904,314 shares. Williams Jones & Assocs Ltd owns 212,172 shares or 1.04% of their US portfolio. Private Asset Mngmt last reported 1.31% of its portfolio in the stock. Aristotle Ltd has 0.06% invested in the company for 48,754 shares. Moreover, Howard Mngmt has 0.24% invested in PepsiCo, Inc. (NYSE:PEP) for 11,819 shares. Davidson Invest has invested 2.25% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Focused Wealth Management Inc last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since July 11, 2016, the stock had 0 insider buys, and 5 insider sales for $27.68 million net activity. The insider Gallagher Marie T. sold 13,586 shares worth $1.48 million. $1.86 million worth of PepsiCo, Inc. (NYSE:PEP) was sold by Laguarta Ramon on Monday, July 11. Carey Albert P also sold $18.50 million worth of PepsiCo, Inc. (NYSE:PEP) on Tuesday, July 12. Khan Mehmood sold $5.49M worth of PepsiCo, Inc. (NYSE:PEP) on Thursday, July 28. $351,236 worth of PepsiCo, Inc. (NYSE:PEP) was sold by Narasimhan Laxman on Wednesday, July 13.
More news for PepsiCo, Inc. (NYSE:PEP) were recently published by: Reuters.com, which released: “PepsiCo sets global target for sugar reduction” on October 17, 2016. Fool.com‘s article titled: “PepsiCo Inc. Takes a Long-term View With Its Major Plans to Cut Back on Sugar” and published on November 01, 2016 is yet another important article.
PEP Company Profile
PepsiCo, Inc., incorporated on November 13, 1986, is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Firm operates through six divisions, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa. The Company’s brands include Agusha, Amp Energy, Aquafina, Aquafina Flavorsplash, Aunt Jemima, Cap’n Crunch, Cheetos, Chester’s, Chipsy, Chudo, Cracker Jack, Crunchy, Diet Mountain Dew, Diet Mug, Diet Pepsi, Diet Sierra Mist, Domik v Derevne, Doritos, Duyvis, Elma Chips, Emperador, Frito-Lay, Fritos, Fruktovy Sad, Frustyle, G Series, G2, Gatorade, Grandma’s, Imunele, Izze, Kas, Kurkure, Lay’s, Life, Lifewater, Lubimy, Manzanita Sol, Marias Gamesa, Matutano, Mirinda, Miss Vickie’s, Mother’s, Mountain Dew, Mountain Dew Code Red, Mountain Dew Kickstart, Mug, Munchies, Naked, Near East, O.N.E., Paso de los Toros, Pasta Roni, Pepsi, Pepsi Max, Pepsi Next, Propel, Quaker, Quaker Chewy, Rice-A-Roni, Rold Gold, Rosquinhas Mabel, Ruffles, Sabritas, Sakata, Saladitas, Sandora, Santitas, 7UP (outside the United States) and 7UP Free (outside the United States), Sierra Mist, Simba, Smartfood, Smith’s, Snack a Jacks, SoBe, SoBe Lifewater, SoBe V Water, Sonric’s, Stacy’s, Sting, SunChips, Tonus, Tostitos, Trop 50, Tropicana, Tropicana Farmstand, Tropicana Pure Premium, Tropicana Twister, Vesely Molochnik, Walkers and Ya.
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