Pepsico (PEP) Stock Rose While Jacobs Levy Equity Management INC Increased Its Stake

March 14, 2018 - By Adrian Mccoy

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It is positive, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Us State Bank De holds 0.91% or 2.55M shares in its portfolio. Bragg Fincl Advisors Incorporated invested in 40,133 shares or 0.69% of the stock. At Bank & Trust reported 10,160 shares. Neuberger Berman Gp Llc owns 0.19% invested in PepsiCo, Inc. (NASDAQ:PEP) for 1.37 million shares. Steinberg Glob Asset Management invested in 1.51% or 92,054 shares. Culbertson A N And Incorporated holds 2.39% or 70,226 shares. University Of Texas Invest Managment accumulated 20 shares. Mutual Of America Cap Management Lc accumulated 0.39% or 213,098 shares. Df Dent And has 5,713 shares for 0.02% of their portfolio. Geode Mngmt Llc reported 0.63% in PepsiCo, Inc. (NASDAQ:PEP). Clarivest Asset Mngmt Ltd Limited Liability Company accumulated 443,342 shares. Moneta Inv Advisors Ltd invested in 87,701 shares. Clifford Swan Counsel Ltd Liability Company has invested 1% in PepsiCo, Inc. (NASDAQ:PEP). Campbell Newman Asset Mgmt invested in 0.49% or 24,824 shares. Hilltop owns 9,944 shares.

Since October 10, 2017, it had 0 buys, and 1 sale for $2.37 million activity.

Jacobs Levy Equity Management Inc increased its stake in Pepsico (PEP) by 83.7% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Levy Equity Management Inc bought 176,643 shares as the company’s stock rose 5.12% with the market. The institutional investor held 387,693 shares of the consumer non-durables company at the end of 2017Q3, valued at $43.20M, up from 211,050 at the end of the previous reported quarter. Jacobs Levy Equity Management Inc who had been investing in Pepsico for a number of months, seems to be bullish on the $159.75B market cap company. The stock decreased 0.96% or $1.09 during the last trading session, reaching $112.51. About 2.96 million shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since March 14, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Jacobs Levy Equity Management Inc, which manages about $10.42B and $5.14B US Long portfolio, decreased its stake in L3 Technologies Inc by 66,100 shares to 1,739 shares, valued at $328,000 in 2017Q3, according to the filing. It also reduced its holding in Hcp Inc (NYSE:HCP) by 157,140 shares in the quarter, leaving it with 20,630 shares, and cut its stake in Celgene Corporation (NASDAQ:CELG).

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: which released: “PepsiCo: A Quiet Double-Digit Performer” on March 09, 2018, also with their article: “PepsiCo: Revenues Fizzle But Dividends Shine” published on February 20, 2018, published: “PepsiCo pulls Grant Hill Mountain Dew ad after uproar” on March 12, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: and their article: “Frito-Lay’s Strengths Reveal PepsiCo’s Beverage Weaknesses” published on March 07, 2018 as well as‘s news article titled: “PepsiCo takes its vending brand Hello Goodness online to woo consumers who …” with publication date: February 28, 2018.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained the shares of PEP in report on Tuesday, April 19 with “Neutral” rating. The rating was maintained by Jefferies on Thursday, June 22 with “Buy”. The firm has “Hold” rating given on Tuesday, August 1 by RBC Capital Markets. The firm earned “Market Perform” rating on Wednesday, June 7 by BMO Capital Markets. Susquehanna maintained the stock with “Buy” rating in Monday, February 12 report. RBC Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) on Friday, June 30 with “Hold” rating. Susquehanna upgraded PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, April 12. Susquehanna has “Positive” rating and $132 target. On Wednesday, October 7 the stock rating was maintained by S&P Research with “Hold”. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 7. Jefferies maintained the shares of PEP in report on Monday, September 18 with “Buy” rating.

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