Pepsico Inc (NYSE:PEP) Downgrade of Rating
Pepsico Inc (NYSE:PEP) was cut by Susquehanna from “Positive” rating to “Neutral” rating in an analyst note shared with investors on 13 July.
Despite the firm’s rating downgrade NYSE:PEP is currently trading 1.80% higher at $97.27 as of 11:38 New York time. Pepsico Inc.’s stock is up 4.19% in the past 200 days. It has underperformed the S&P 500, which has risen 4.73% in the same time.
Out of 20 brokers covering Pepsico Inc., 16 rate it a Buy, 8 indicate a Hold while 1 suggest a Sell. The highest target is $116 and the lowest is $83 according to Thomson/First Call. The 12-month mean target is $106.35, which means upside potential of 9.33% over the current price.
NYSE:PEP Price Chart & Trend
The stock price of Pepsico Inc. went up 4.19% over the last 200 days, and is in very weak up trend. In the last 50 and 100 days, Pepsico Inc. is up 1.24% and down 2.21%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
Trian Fund Management L.P. had the most significant stake with ownership of 18.32M shares as of Q1 2015 for 20.46% of the fund’s portfolio. Yacktman Asset Management Lp is another very bullish institutional investor who is having 25.49M shares of Pepsico Inc. or 11.23% of their fund’s portfolio. In addition, Taube Hodson Stonex Partners Llp have 9.73% of their fund’s portfolio invested in the company for 889,735 shares. The California-based fund Bislett Management Llc revealed it had acquired a stake worth about 8.44% of the institutional investor’s stock portfolio in Pepsico Inc.. The Texas-based fund Ycg Llc is also positive about the stock, possessing 140,000 shares or 7.6% of their fund’s portfolio.
Insider Activity
Over the last 6 months, Pepsico Inc. NYSE:PEP has seen 0 buys, and 7 insider selling transactions. The net result was for 7 transactions, worth $20.55 million.
Pepsico Inc (NYSE:PEP) Profile
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa. Through its operations, bottlers, contract manufacturers and other third-parties, the Company manufactures, markets, distributes and sells a variety of beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.
Pepsico Inc (NYSE:PEP) traded up 1.80% on 13 July, hitting $97.27. A total of 3.18M shares of the company’s stock traded hands. This is down from average of 4.71 million shares. Pepsico Inc. has a 52 week low of $87.46 and a 52 week high of $100.76. The company has a market cap of $142.89B and a P/E ratio of 22.69.
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