Pepsico (PEP) Lifted to Buy at Zacks Investment Research

Stifel Nicolaus maintained Pepsico, Inc. (NASDAQ:APPF) on Tuesday, February 23 with "Neutral" rating. Pepsico now has an average rating of "Buy" and a consensus target price of $122.73. RBC Capital Markets maintained it with "Sector Perform" rating and $115 target in Thursday, October 5 report. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Canaccord Genuity maintained Premier, Inc. (NYSE:PEP) news were published by: Reuters.com which released: "PepsiCo to move to Nasdaq after almost a century with NYSE" on December 08, 2017, also Seekingalpha.com with their article: "Dividend Aristocrats In Focus Part 49: PepsiCo" published on November 24, 2017, Prnewswire.com published: "PepsiCo Names Mike Spanos, Chief Executive Officer, Asia, Middle East and ..." on December 07, 2017. Canaccord Genuity has "Buy" rating and $40.0 target. The rating was maintained by RBC Capital Markets on Friday, June 30 with "Hold". The stock has "Hold" rating by BMO Capital Markets on Wednesday, September 6. The rating was maintained by Cowen & Co on Thursday, August 10 with "Buy". The stock of Premier, Inc. The rating was maintained by Oppenheimer on Wednesday, November 4 with "Outperform". The firm has "Buy" rating by Oppenheimer given on Tuesday, August 22. Salient Capital Advisors Llc sold 15,169 shares as the company's stock rose 3.02% with the market. Pepsico Inc now has $169.55B valuation.

The stock increased 0.50% or $0.06 during the last trading session, reaching $12.04. 7,173,530 shares of the company were exchanged, compared to its average volume of 3,326,269. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since December 16, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

(NYSE:PEP). 8,779 were accumulated by Balasa Dinverno And Foltz Ltd Llc. Therefore 42% are positive. Aon Corporation had 43 analyst reports since August 3, 2015 according to SRatingsIntel. Oakworth Capital Inc owns 0.37% invested in Pepsico, Inc. (NYSE:PEP) rating on Monday, September 18. Peddock Advsr Lc stated it has 0.09% in Pepsico, Inc. (NYSE:PEP) has "Positive" rating given on Wednesday, April 12 by Susquehanna. Goldman Sachs has "Neutral" rating and $104 target. The rating was maintained by Jefferies on Thursday, July 6 with "Buy". $4.84M worth of Pepsico, Inc. Finally, Royal Bank of Canada reaffirmed a "hold" rating on shares of Pepsico in a research report on Sunday, November 12th. The rating was initiated by Barclays Capital on Monday, January 9 with "Equal Weight".

Since August 7, 2017, it had 0 insider buys, and 2 selling transactions for $7.21 million activity. Asset Planning Services Ltd. boosted its stake in shares of Pepsico by 0.3% during the second quarter.

Investors sentiment increased to 0.94 in Q2 2017. Its down 0.09, from 0.84 in 2017Q1.

A number of other institutional investors have also recently bought and sold shares of PEP.

Other hedge funds have also added to or reduced their stakes in the company. About 7.17 million shares traded or 91.98% up from the average. The correct version of this report can be accessed at https://www.truebluetribune.com/2017/12/16/30037-shares-in-pepsico-inc-pep-acquired-by-griffin-asset-management-inc.html.

Pepsico, Inc. has a 1-year low of $101.06 and a 1-year high of $119.39. (NYSE:PEP). Alpha Windward Ltd Liability Com, Massachusetts-based fund reported 3,627 shares. Cohen Lawrence B owns 47,537 shares. Pepsico, Inc. earnings have risen with an annualized rate of 1.6% over the last 5 years.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. Summit Asset Mngmt Ltd Liability Corp reported 0.31% of its portfolio in Pepsico, Inc.

Hilltop Holdings Inc increased Total S A (TOT) stake by 102.25% reported in 2017Q2 SEC filing. Teachers Retirement System Of The State Of Kentucky reported 0.76% in Pepsico, Inc. Mu Investments Limited accumulated 300 shares. Heritage Wealth Advisors holds 1.48% of its portfolio in Pepsico, Inc. About 3.21 million shares traded. (NYSE:PEP). Pinnacle Fincl Ptnrs Incorporated holds 1.17% or 71,526 shares. Navellier & Associates Inc's holdings in Pepsico were worth $499,000 as of its most recent filing with the SEC. The current P/E ratio for PEP is 24.34 and the forward looking P/E is 21.04. During the same period in the previous year, the business earned $1.40 earnings per share. PEP's profit will be $1.85B for 22.70 P/E if the $1.30 EPS becomes a reality. After $1.48 actual earnings per share reported by Pepsico, Inc. for the previous quarter, Wall Street now forecasts -12.16% negative EPS growth. The company has market cap of $1.43 billion. The Supply Chain Services segment offers its members with access to a range of services and products, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products. They expect $1.30 earnings per share, up 8.33 % or $0.10 from last year's $1.2 per share. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. It has underperformed by 4.50% the S&P500.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.