Pepsico INC (PEP) Stock Rose While Pictet Bank & Trust LTD Cut Position

July 26, 2017 - By Michael Collier

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.18, from 0.79 in 2016Q3. It is positive, as 68 investors sold PEP shares while 674 reduced holdings. 102 funds opened positions while 618 raised stakes. 967.70 million shares or 0.34% more from 964.42 million shares in 2016Q3 were reported. Family Capital Trust owns 35,954 shares for 2.17% of their portfolio. Farr Miller And Washington Lc Dc stated it has 2.83% in PepsiCo, Inc. (NYSE:PEP). Primecap Mgmt Ca has invested 0.05% in PepsiCo, Inc. (NYSE:PEP). Folger Nolan Fleming Douglas Capital has invested 1.93% in PepsiCo, Inc. (NYSE:PEP). Ep Wealth Advisors invested 1.9% in PepsiCo, Inc. (NYSE:PEP). Jolley Asset Limited Liability Co accumulated 6,350 shares. Exxonmobil Inv Management Tx stated it has 331,965 shares or 0.78% of all its holdings. Inverness Counsel Ltd Liability Corp New York holds 2.11% in PepsiCo, Inc. (NYSE:PEP) or 271,143 shares. Ledyard Bancorp accumulated 51,059 shares or 0.95% of the stock. Rothschild Inv Il accumulated 11,698 shares or 0.15% of the stock. Lloyds Gru Pcl holds 0.17% in PepsiCo, Inc. (NYSE:PEP) or 187 shares. Hudock Capital Grp Ltd Com stated it has 0.32% of its portfolio in PepsiCo, Inc. (NYSE:PEP). Edgestream Ltd Partnership reported 6,623 shares stake. First Western Cap Management reported 36,823 shares stake. American Bancshares has invested 0.25% in PepsiCo, Inc. (NYSE:PEP).

Since February 17, 2017, it had 0 insider purchases, and 9 selling transactions for $32.14 million activity. 25,000 shares were sold by Chadha Sanjeev, worth $2.70M. Johnston Hugh F sold $21.03M worth of stock or 195,437 shares. The insider TRUDELL CYNTHIA sold 9,000 shares worth $986,152. The insider Gallagher Marie T. sold 30,005 shares worth $3.22 million. Narasimhan Laxman sold $466,265 worth of PepsiCo, Inc. (NYSE:PEP) on Monday, March 6. On Wednesday, March 1 the insider Sankaran Vivek sold $220,444. Laguarta Ramon sold $2.57 million worth of stock.

Pictet Bank & Trust Ltd decreased its stake in Pepsico Inc (PEP) by 40.38% based on its latest 2016Q4 regulatory filing with the SEC. Pictet Bank & Trust Ltd sold 37,950 shares as the company’s stock rose 5.12% with the market. The institutional investor held 56,040 shares of the consumer non-durables company at the end of 2016Q4, valued at $5.86 million, down from 93,990 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Pepsico Inc for a number of months, seems to be less bullish one the $165.29B market cap company. The stock increased 0.28% or $0.32 during the last trading session, reaching $116.45. About shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since July 26, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Analysts await PepsiCo, Inc. (NYSE:PEP) to report earnings on October, 5. They expect $1.42 earnings per share, up 1.43 % or $0.02 from last year’s $1.4 per share. PEP’s profit will be $2.02 billion for 20.50 P/E if the $1.42 EPS becomes a reality. After $1.50 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -5.33 % negative EPS growth.

More notable recent PepsiCo, Inc. (NYSE:PEP) news were published by: Prnewswire.com which released: “PepsiCo Reports Second Quarter 2017 Results” on July 11, 2017, also Seekingalpha.com with their article: “PepsiCo Is Worth Buying For Its Snacks Business” published on July 18, 2017, Prnewswire.com published: “PepsiCo Declares Quarterly Dividend” on July 14, 2017. More interesting news about PepsiCo, Inc. (NYSE:PEP) were released by: Fool.com and their article: “PepsiCo, Inc. Earnings Preview: Numbers and Key Themes to Watch” published on July 05, 2017 as well as Seekingalpha.com‘s news article titled: “PepsiCo: Stop Overthinking” with publication date: July 17, 2017.

PepsiCo, Inc. (NYSE:PEP) Ratings Coverage

Among 18 analysts covering PepsiCo (NYSE:PEP), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. PepsiCo has $13300 highest and $81 lowest target. $114.55’s average target is -1.63% below currents $116.45 stock price. PepsiCo had 44 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained PepsiCo, Inc. (NYSE:PEP) rating on Tuesday, July 11. Cowen & Co has “Buy” rating and $12800 target. The rating was maintained by Susquehanna with “Buy” on Thursday, July 6. The stock of PepsiCo, Inc. (NYSE:PEP) has “Hold” rating given on Tuesday, July 11 by BMO Capital Markets. The firm has “Outperform” rating by Credit Suisse given on Friday, September 16. The firm has “Buy” rating given on Friday, September 30 by Jefferies. As per Tuesday, April 19, the company rating was maintained by JP Morgan. UBS maintained it with “Buy” rating and $119 target in Friday, July 8 report. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 30. The stock has “Buy” rating by Jefferies on Thursday, June 22. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, July 21 report.

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