Traders Sell Shares of Pepsico, Inc. (PEP) on Strength After Insider Selling


Howard Capital Management now owns 12,186 shares of the company's stock valued at $1,363,000 after purchasing an additional 367 shares during the last quarter. The institutional investor held 327,283 shares of the consumer non-durables company at the end of 2017Q2, valued at $37.80 million, down from 517,765 at the end of the previous reported quarter. Pfizer Inc now has $217.00 billion valuation. The stock increased 0.66% or $0.73 on October 11, reaching $111.51. About 13 shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since October 12, 2016 and is downtrending. It has underperformed by 52.75% the S&P500.

Piedmont Investment Advisors Llc decreased its stake in Pepsico Inc Com (PEP) by 36.79% based on its latest 2017Q2 regulatory filing with the SEC. The Partnervest Advisory Services Llc holds 27,960 shares with $3.23 million value, down from 31,374 last quarter. Vontobel Asset Management Inc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $160.30B market cap company. It closed at $110.78 lastly.

FT reports, The 21 analysts offering 12 month price targets for PepsiCo, Inc. have a median target of 124.00, with a high estimate of 139.00 and a low estimate of 107.00. It has underperformed by 4.50% the S&P500. It also increased its holding in Luxfer Hldgs Plc (NYSE:LXFR) by 574,251 shares in the quarter, for a total of 2.13 million shares, and has risen its stake in Ishares Tr (Put) (IWM). The original version of this article can be read at Smucker J M Co (NYSE:SJM) was raised too. Recently, investment analysts covering the stock have updated the mean rating to 2.5. (NYSE:PEP) on Friday, July 8 with "Buy" rating. As per Tuesday, August 1, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with "Buy" on Friday, July 7. BMO Capital Markets maintained the shares of PEP in report on Wednesday, September 6 with "Hold" rating. The stock of Hess Corp. The rating was maintained by Credit Suisse with "Neutral" on Thursday, October 5. The firm earned "Buy" rating on Thursday, July 6 by Jefferies. JPMorgan Chase & Co. began coverage on PepsiCo in a research report on Tuesday, March 21st. Following the completion of the transaction, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.09, from 0.84 in 2017Q1. Asset Planning Services Ltd. now owns 1,003 shares of the company's stock worth $112,000 after buying an additional 399 shares in the last quarter. Kimelman Baird Ltd has invested 0.61% of its portfolio in PepsiCo, Inc. Thompson Davis And Communications Incorporated invested in 0.01% or 268 shares.

Bank Of Montreal, which manages about $34.23B and $104.26 billion US Long portfolio, decreased its stake in Omnova Solutions Inc (NYSE:OMN) by 57,150 shares to 87,287 shares, valued at $851,000 in 2017Q2, according to the filing. Factory Mutual Commerce has 771,000 shares. California-based Jasper Ridge Prtnrs Limited Partnership has invested 0.05% in Range Resources Corp. (NYSE:HES) for 21,171 shares. Usca Ria Limited Liability reported 10,877 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.03% invested in Hess Corp. (NYSE:WM) for 301,027 shares. (NYSE:PEP). Connor Clark Lunn Inv Limited accumulated 421,526 shares or 0.32% of the stock. Fiduciary Trust Company holds 394,702 shares or 1.4% of its portfolio. Natl Ins Tx holds 0.8% or 126,890 shares in its portfolio. Wilen Management reported 0.3% stake. Welch & Forbes Lc holds 0.01% or 112,150 shares in its portfolio. Bridgeway Management Incorporated stated it has 0.04% in Citi Trends, Inc.

Since April 28, 2017, it had 0 insider purchases, and 1 sale for $337,775 activity. The insider TRUDELL CYNTHIA sold $337,775.

A number of other research firms have also recently issued reports on PEP. On average, analysts expect that PepsiCo, Inc. will post $5.14 EPS for the current fiscal year. Therefore 42% are positive. Citi Trends had 4 analyst reports since August 19, 2015 according to SRatingsIntel.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Jefferies maintained PepsiCo, Inc. (NYSE:PEP) has "Hold" rating given on Tuesday, September 5 by RBC Capital Markets. M Partners downgraded the shares of CTRN in report on Monday, February 8 to "Neutral" rating. The firm earned "Buy" rating on Monday, September 18 by Jefferies. The rating was initiated by Bernstein on Monday, August 22 with "Outperform". Societe Generale downgraded Noble Corporation Ordinary Shares (UK) (NYSE:NE) on Tuesday, August 8 to "Hold" rating. The company was maintained on Wednesday, June 29 by Goldman Sachs. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, October 5.

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.09, from 0.84 in 2017Q1. It worsened, as 44 investors sold PEP shares while 778 reduced holdings. 117 funds opened positions while 502 raised stakes. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. Sumitomo Mitsui Asset Mgmt Ltd has invested 0.21% in PepsiCo, Inc. (NYSE:PEP) for 44,251 shares. (NYSE:PEP). Boyd Watterson Asset Management Ltd Co Oh has 13,677 shares.

Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. (NYSE:PFE). Meridian owns 35,861 shares. Farmers & Merchants Investments Inc. now owns 144,094 shares of the company's stock worth $16,118,000 after buying an additional 1,765 shares in the last quarter. Td Asset Mgmt reported 3.31M shares. First United Bank Trust increased its stake in Pepsico by 1.5% in the 1st quarter. Asset Mngmt Group Inc stated it has 71,457 shares. Citizens & Northern Corp has invested 0.54% in PepsiCo, Inc. (NYSE:PEP). Oak Ltd Oh reported 212,235 shares or 1.85% of all its holdings.

PepsiCo, Inc is a global food and beverage company.