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Investors Buy Pepsico (PEP) on Weakness

13 January 2018

Mairs & Power INC now owns 14,534 shares of the company's stock worth $1,581,000 after buying an additional 2,897 shares during the last quarter. Edinburgh Partners Ltd who had been investing in Ternium Sa for a number of months, seems to be bullish on the $6.75 billion market cap company. PEP has diverse figures for different time frames; starting from week's performance dropped -1.23% in last five regular trading sessions. About 297,990 shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since January 12, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Zweig-Dimenna Associates Llc decreased Pepsico Inc (PEP) stake by 71.82% reported in 2017Q3 SEC filing. The institutional investor held 177,476 shares of the consumer non-durables company at the end of 2017Q3, valued at $19.78M, up from 156,082 at the end of the previous reported quarter. 41,489 shares valued at $4.84M were sold by Gallagher Marie T. on Monday, August 7. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 12, 2017 and is uptrending. It has underperformed by 10.19% the S&P500.

Since January 1, 0001, it had 0 buys, and 2 sales for $7.21 million activity. 2,000 shares were sold by Floerke Gregory Scott, worth $74,000. Moors & Cabot owns 89,131 shares or 1.44% of their United States portfolio. Therefore 40% are positive. PEP was included in 62 notes of analysts from July 21, 2015. RBC Capital Markets has "Hold" rating and $115 target. The firm has "Buy" rating by Cowen & Co given on Monday, January 8. As per Friday, July 14, the company rating was maintained by Stifel Nicolaus. (NASDAQ:PEP) has "Neutral" rating given on Friday, September 8 by Credit Suisse. The firm earned "Neutral" rating on Tuesday, April 19 by Goldman Sachs. The stock has "Buy" rating by Ladenburg Thalmann on Monday, November 30. Prudential Financial Inc. raised its holdings in shares of Pepsico, Inc. Chesley Taft & Associates LLC increased its stake in shares of Pepsico by 0.3% in the fourth quarter. Its up 0.19, from 0.75 in 2017Q2.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Prudential Financial Inc. increased its holdings in Pepsico by 26.1% in the 3rd quarter. (NASDAQ:PEP). Beck Mack & Oliver Lc stated it has 25,846 shares or 0.09% of all its holdings. Thrivent Fincl For Lutherans accumulated 0.11% or 267,294 shares. The ratio improved, as 699 investment managers started new or increased equity positions, while 740 sold and reduced their positions in Pepsico Inc. (NASDAQ:PEP). Jones Lllp owns 80,798 shares. Rech & Management Company reported 2.09% stake. Birmingham Mgmt Incorporated Al owns 4,003 shares or 0.18% of their USA portfolio. Edgestream Ptnrs Limited Partnership has invested 0.85% in Pepsico, Inc. (NASDAQ:PEP). 2,373 are owned by Valmark Advisers. Marietta Investment Partners Ltd Liability Com reported 0.84% stake.

PepsiCo, Inc is a food and beverage company. (NYSE:PEP). Chickasaw Mngmt Llc reported 8,140 shares. Asset Management Incorporated holds 0.28% of its portfolio in Pepsico, Inc. The Texas-based Ycg Llc has invested 7.93% in the stock. Intersect holds 0.17% in Pepsico, Inc. (NASDAQ:PEP) for 4.74 million shares.

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Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. For the next year, analysts expect that the company will report earnings of $5.60 per share, with EPS estimates ranging from $5.55 to $5.64. PEP's profit will be $1.85B for 22.61 P/E if the $1.30 EPS becomes a reality. Howland stated it has 0.6% in Pepsico, Inc.

Sva Plumb Wealth Management Llc, which manages about $1.95B and $809.15 million US Long portfolio, upped its stake in Schwab U.S. Large (SCHX) by 27,813 shares to 581,345 shares, valued at $34.90M in 2017Q3, according to the filing. (NASDAQ:PEP). 57,920 are owned by Ftb Advsr.

Since September 13, 2017, it had 0 insider purchases, and 2 sales for $247,258 activity. 1,500 shares were sold by COTE KATHLEEN A, worth $149,905 on Tuesday, August 22. Shares for $47.75 million were bought by PELTZ NELSON.

In related news, insider Ramon Laguarta sold 21,449 shares of the firm's stock in a transaction that occurred on Tuesday, October 10th. Another trade for 1,240 shares valued at $125,240 was made by TOMLINSON TIMOTHY on Tuesday, August 1. $902,018 worth of stock was sold by Moskowitz Paul T on Friday, September 29. Zacks Investment Research upgraded shares of Pepsico from a "sell" rating to a "hold" rating in a report on Tuesday, December 12th. Therefore 67% are positive. They set an "equal weight" rating and a $102.00 target price on the stock. As per Wednesday, April 12, the company rating was upgraded by Susquehanna. The firm has a market capitalization of $166,930.00, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68. (NASDAQ:PEP) rating on Wednesday, October 7. Wells Fargo maintained the shares of SYY in report on Friday, June 23 with "Buy" rating. (NYSE:NVR) has "Buy" rating given on Monday, December 12 by Bank of America. Finally, BidaskClub cut Pepsico from a "buy" rating to a "hold" rating in a report on Thursday. S&P Research maintained the stock with "Hold" rating in Wednesday, October 7 report. The firm has "Neutral" rating given on Thursday, October 5 by Credit Suisse.

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