Published: Sun, January 14, 2018
Business | By Max Garcia

Cowen Reaffirms Buy Rating for Pepsico (PEP)


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 109.87 P/E ratio. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. The stock decreased 0.23% or $0.23 during the last trading session, reaching $100.9. About 8.02M shares traded or 36.90% up from the average. (NASDAQ:PEP). Moreover, Confluence Invest Limited Liability has 2.42% invested in Pepsico, Inc. It has outperformed by 31.13% the S&P500. Cowen reaffirmed a "buy" rating and set a $133.00 price objective on shares of Pepsico in a research report on Tuesday. Deutsche Bank reiterated a buy rating and set a $122.00 price objective (down from $125.00) on shares of Pepsico in a research note on Friday, October 6th. The company has an average rating of Buy and an average price target of $123.18. Pepsico makes up 0.7% of Prudential Financial Inc.'s portfolio, making the stock its 19th largest holding. (NYSE:PEP) has "Buy" rating given on Friday, July 8 by UBS. The company was maintained on Friday, September 30 by Jefferies.

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $7.21 million activity.

Pepsico (NASDAQ PEP) traded up $0.50 during trading on Thursday, reaching $117.38. 4,340,000 shares of the company were exchanged, compared to its average volume of 3,700,000. Dominion Energy Midstream Partners, LP (NYSE:DM) has risen 2.59% since January 13, 2017 and is uptrending. It has underperformed by 4.50% the S&P500. Gallagher Marie T. also sold $4.84 million worth of Pepsico, Inc. That suggests something of the likelihood of a short squeeze in shares of PEP. Dean Investment Limited Liability Co invested in 0.57% or 33,627 shares.

Wesbanco Bank Inc, which manages about $900.26 million and $1.92 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 5,845 shares to 378,681 shares, valued at $58.36M in 2017Q3, according to the filing.

PepsiCo, Inc is a global food and beverage company. American Century owns 2.75M shares for 0.31% of their portfolio. The institutional investor held 49,157 shares of the technology company at the end of 2017Q3, valued at $8.40M, up from 46,207 at the end of the previous reported quarter. The Texas-based Ycg Llc has invested 7.93% in the stock. Cutter And Brokerage, Missouri-based fund reported 28,790 shares. SWCH's SI was 4.23 million shares in January as released by FINRA. $664,930 worth of Cullen/Frost Bankers, Inc. Laguarta Ramon had sold 21,449 shares worth $2.37 million.

Investors sentiment increased to 0.94 in 2017 Q3. The company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.08. It improved, as 51 investors sold PEP shares while 689 reduced holdings. 128 funds opened positions while 644 raised stakes. Company insiders own 0.26% of the company's stock. (NYSE:PEP) opened at 105.13 on Wednesday. Bradley Foster & Sargent Ct invested in 9,050 shares. Inv Centers Of America holds 35,227 shares. Creative Planning invested in 3,389 shares. (NASDAQ:PEP). Moreover, Holderness Investments has 0.55% invested in Pepsico, Inc. (NASDAQ:PEP) for 1.13M shares. Commonwealth National Bank & Trust Of Aus holds 0.14% or 130,543 shares.

A number of equities research analysts have weighed in on PEP shares. (NYSE:PEP). Chickasaw Mngmt Llc reported 8,140 shares. Cap Guardian Trust owns 0% invested in Facebook, Inc. (NYSE:CFR). Assetmark holds 3 shares. Origin Asset Ltd Liability Partnership holds 302,680 shares or 3.18% of its portfolio. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 40% are positive. CullenFrost had 69 analyst reports since July 30, 2015 according to SRatingsIntel. D L Carlson Invest Group reported 1.36% of its portfolio in Pepsico, Inc. The ex-dividend date is Thursday, November 30th. On Tuesday, August 15 the stock rating was maintained by Jefferies with "Buy". As per Thursday, October 27, the company rating was upgraded by Macquarie Research. The firm has "Hold" rating by RBC Capital Markets given on Tuesday, August 1. The firm has "Hold" rating by Wells Fargo given on Thursday, January 4. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. Goldman Sachs maintained the stock with "Buy" rating in Thursday, July 27 report. On Thursday, April 28 the stock rating was maintained by Susquehanna with "Positive".

You can get a sense of how sustainable that is by a levered free cash flow of $6.93 Billion over the past twelve months. It provides commercial banking services to firms and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

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