Institutional Investors Lead Shift in Pepsico Inc (NYSE:PEP) Sentiment

PepsiCo, Inc. (NASDAQ:PEP) Logo

Sentiment for Pepsico Inc (NYSE:PEP)

Pepsico Inc (NYSE:PEP) institutional sentiment increased to 1.01 in 2018 Q2. Its up 0.15, from 0.86 in 2018Q1. The ratio has increased, as 715 hedge funds opened new and increased holdings, while 707 sold and decreased their equity positions in Pepsico Inc. The hedge funds in our partner’s database now hold: 959.39 million shares, up from 956.07 million shares in 2018Q1. Also, the number of hedge funds holding Pepsico Inc in their top 10 holdings decreased from 121 to 110 for a decrease of 11. Sold All: 67 Reduced: 640 Increased: 594 New Position: 121.

PepsiCo, Inc. operates as a food and beverage firm worldwide. The company has market cap of $164.77 billion. The Company’s Frito-Lay North America segment offers LayÂ’s and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips, and Fritos corn chips. It has a 33.68 P/E ratio. The companyÂ’s Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, granola, and oat squares; and Aunt Jemima mixes and syrups, Quaker Chewy granola bars, CapÂ’n Crunch cereal, Life cereal, and Rice-A-Roni side dishes.

The stock decreased 0.35% or $0.41 during the last trading session, reaching $116.73. About 3.10M shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 1.00% since November 14, 2017 and is downtrending. It has underperformed by 16.62% the S&P500.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on February, 12. They expect $1.49 earnings per share, up 13.74 % or $0.18 from last year’s $1.31 per share. PEP’s profit will be $2.10 billion for 19.59 P/E if the $1.49 EPS becomes a reality. After $1.59 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -6.29 % negative EPS growth.

Yacktman Asset Management Lp holds 10.62% of its portfolio in PepsiCo, Inc. for 7.85 million shares. Lindsell Train Ltd owns 3.47 million shares or 9.37% of their US portfolio. Moreover, Bush Odonnell Investment Advisors Inc has 7.02% invested in the company for 38,137 shares. The United Kingdom-based Fundsmith Llp has invested 6.22% in the stock. Bank Pictet & Cie (Asia) Ltd, a Singapore-based fund reported 123,723 shares.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $22.66 million activity.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Ratings analysis reveals 29% of PepsiCo’s analysts are positive. Out of 7 Wall Street analysts rating PepsiCo, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $107 while the high is $135. The stock’s average target of $118 is 1.09% above today’s ($116.73) share price. PEP was included in 11 notes of analysts from July 3, 2018. The firm has “Positive” rating given on Friday, September 28 by Susquehanna. Macquarie Research downgraded PepsiCo, Inc. (NASDAQ:PEP) rating on Friday, October 5. Macquarie Research has “Neutral” rating and $107 target. Citigroup maintained it with “Neutral” rating and $116 target in Wednesday, October 3 report. The rating was maintained by BMO Capital Markets on Wednesday, October 3 with “Market Perform”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Overweight” rating given on Thursday, October 4 by Morgan Stanley. On Friday, September 28 the stock rating was maintained by Macquarie Research with “Outperform”. The firm has “Neutral” rating given on Wednesday, July 11 by Citigroup. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Tuesday, July 3 by Deutsche Bank. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, July 11 report. The firm has “Hold” rating given on Wednesday, October 3 by Deutsche Bank.

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Bizjournals.com which published an article titled: “Coca-Cola swaps in BodyArmor as official sports drink of the NCAA” on November 14, 2018.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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