Pepsico, Inc. (PEP) Shares Bought by Arete Wealth Advisors LLC
Pepsico, Inc. (PEP) Shares Bought by Arete Wealth Advisors LLC
13 January, 2018, 15:32
The hedge fund run by Sandy Nairn held 36,000 shares of the steel and iron ore company at the end of 2017Q3, valued at $1.11 million, up from 10,400 at the end of the previous reported quarter. 1607 Capital Partners Llc who had been investing in Mfs Charter Income Tr for a number of months, seems to be less bullish one the $423.93M market cap company. The stock decreased 0.51% or $0.6 during the last trading session, reaching $116.88. About 3.38M shares traded or 39.20% up from the average. (NASDAQ:PEP) news were published by: Bloomberg.com which released: "PepsiCo Looks to Bounce Back From Kendall Jenner Debacle With Retro Ads" on January 11, 2018, also Seekingalpha.com with their article: "Let Pepsi Refresh Your Income Portfolio" published on December 17, 2017, Seekingalpha.com published: "PepsiCo Earnings Not Worth The Risk" on January 02, 2018. It has underperformed by 4.50% the S&P500. Adage Capital Partners GP L.L.C. now owns 2,079,983 shares of the company's stock worth $226,240,000 after buying an additional 14,000 shares during the last quarter. The institutional investor held 456,409 shares of the consumer non-durables company at the end of 2017Q3, valued at $50.78M, down from 460,036 at the end of the previous reported quarter. Wesbanco Bank Inc who had been investing in Pepsico for a number of months, seems to be bullish on the $166.22 billion market cap company.
Shares of Pepsico (NASDAQ:PEP) traded up $0.50 during midday trading on Tuesday, hitting $117.38. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 13, 2017 and is uptrending. It has underperformed by 10.19% the S&P500.
Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $7.21 million activity. Gallagher Marie T. had sold 41,489 shares worth $4.84M. 8,616 are owned by Phocas Financial.
Among 20 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 12 Hold.
Oil crosses $70 in intra-day trade An expected rise in US oil production C-OUT-T-EIA to above 10 million bpd from 9.5 million bpd now has also weighed. WTI light sweet crude oil rose 60 cents to $63.64 a barrel this morning, the highest in more than three years.
Ratings analysis reveals 40% of PepsiCo's analysts are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Hold" rating by Bank of America given on Wednesday, August 9. Royal Bank of Canada reiterated a "hold" rating on shares of Pepsico in a report on Sunday, November 12th. Cowen reiterated a "buy" rating on shares of Pepsico in a report on Sunday, September 17th. The firm has "Neutral" rating given on Friday, February 26 by Sterne Agee CRT. The stock has "Buy" rating by Cowen & Co on Thursday, August 10. The company has a consensus rating of Buy and a consensus target price of $123.18. RBC Capital Markets maintained it with "Hold" rating and $115.0 target in Tuesday, September 5 report. Finally, Susquehanna Bancshares reissued a buy rating and issued a $135.00 price objective on shares of Pepsico in a report on Monday, October 2nd. Pepsico Inc now has $167.05 billion valuation. Finally, Chesley Taft & Associates LLC increased its position in Pepsico by 0.3% during the 4th quarter. Its up 0.19, from 0.75 in 2017Q2. Sold All: 51 Reduced: 689 Increased: 593 New Position: 106.
An institutional investor recently raised its position in Pepsico stock. Analysts are forecasting earnings of $1.3 on a per share basis this quarter.
Arete Wealth Advisors LLC increased its position in Pepsico, Inc. (NYSE:PEP). Rosenbaum Jay D invested in 12,615 shares. First Citizens Bank & Trust Co. now owns 37,754 shares of the company's stock valued at $4,527,000 after purchasing an additional 12,567 shares during the last quarter. Price T Rowe Associate Md accumulated 15,030 shares or 0% of the stock. (NASDAQ:PEP). Family Tru accumulated 34,558 shares or 1.95% of the stock. Rech & Management Company reported 2.09% stake. After $1.48 actual EPS reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16 % negative EPS growth. (NASDAQ:PEP). Regal Invest Advsr Lc holds 27,237 shares or 0.71% of its portfolio. Moreover, Lpl Limited Liability Company has 0.16% invested in Pepsico, Inc. Marietta Investment Partners Ltd Liability Com reported 0.84% stake. Pinnacle Wealth Mgmt Advisory Grp Inc Lc stated it has 0.28% in Pepsico, Inc. (NASDAQ:PEP) for 24,214 shares. Bb&T Secs Ltd Liability Corp holds 0.01% of its portfolio in Premier, Inc. (NASDAQ:PEP) or 145,410 shares. (NASDAQ:PEP). Acropolis Investment Ltd Com reported 0.17% stake. They expect $1.30 EPS, up 8.33% or $0.10 from last year's $1.2 per share. PEP's profit will be $1.85B for 22.61 P/E if the $1.30 EPS becomes a reality. Paradigm Capital Inc reported 0.7% stake. It also increased its holding in Nike Inc (NYSE:NKE) by 19,814 shares in the quarter, for a total of 32,814 shares, and has risen its stake in Splunk Inc (NASDAQ:SPLK).
Since August 23, 2017, it had 2 insider buys, and 15 selling transactions for $18.66 million activity. (NASDAQ:PEP) for 4.74 million shares. DeLaney William J III sold $15.08 million worth of stock or 281,800 shares. The firm earned "Buy" rating on Friday, July 8 by UBS. Therefore 85% are positive. NVR had 12 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America on Wednesday, August 16 to "Hold". (NYSE:PEP) on Tuesday, April 19 with "Overweight" rating. The rating was maintained by Stifel Nicolaus on Wednesday, October 7 with "Buy". The firm has "Buy" rating given on Thursday, July 6 by Jefferies. Credit Suisse Group cut shares of Pepsico from an outperform rating to a neutral rating and reduced their price target for the company from $126.00 to $124.00 in a research report on Friday, September 8th.
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