Renaissance Technologies LLC Has Lifted Pepsico INC (PEP) Holding by $281.33 Million; Stock Declined

July 16, 2018 - By Ash Maslow

PepsiCo, Inc. (NASDAQ:PEP) LogoInvestors sentiment is 0.86 in Q1 2018. Its the same as in 2017Q4. It is the same, as 67 investors sold PEP shares while 715 reduced holdings. only 119 funds opened positions while 550 raised stakes. 956.07 million shares or 0.28% less from 958.76 million shares in 2017Q4 were reported. Advantus Management Inc invested 0.4% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Gardner Russo Gardner Ltd Liability holds 0.03% or 33,597 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 3.64% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 34,304 shares. Magellan Asset Management owns 212 shares. Northstar Gp Inc invested 1.27% in PepsiCo, Inc. (NASDAQ:PEP). 2,971 are owned by Jp Marvel Investment Advsrs Limited Com. Moreover, Edmp has 1.34% invested in PepsiCo, Inc. (NASDAQ:PEP) for 12,373 shares. Colony Gru Ltd Liability Co has invested 1.42% in PepsiCo, Inc. (NASDAQ:PEP). Wealthtrust Axiom Ltd Liability invested 0.34% in PepsiCo, Inc. (NASDAQ:PEP). Vigilant Capital Ltd Liability Corporation, a Maine-based fund reported 114,839 shares. Checchi Cap Advisers Ltd Liability Company stated it has 0.22% in PepsiCo, Inc. (NASDAQ:PEP). Nichols Pratt Advisers Ltd Liability Partnership Ma, Massachusetts-based fund reported 453,668 shares. Sawgrass Asset Mngmt Ltd Liability owns 16,295 shares or 0.09% of their US portfolio. Clark Cap Management Gp holds 7,794 shares. Raab Moskowitz Asset Management Ltd Liability Corporation accumulated 36,592 shares.

Jim Simons increased its stake in Pepsico Inc (PEP) by 39.72% based on its latest 2018Q1 regulatory filing with the SEC. Renaissance Technologies Llc bought 2.58M shares as the company’s stock declined 9.58% with the market. The hedge fund run by Jim Simons held 9.08 million shares of the consumer non-durables company at the end of 2018Q1, valued at $990.89 million, up from 6.50 million at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $159.99B market cap company. The stock increased 0.13% or $0.15 during the last trading session, reaching $112.84. About 1.36 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since July 16, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

Renaissance Technologies Llc, which manages about $63.99B and $91.44B US Long portfolio, decreased its stake in Array Biopharma Inc (NASDAQ:ARRY) by 239,719 shares to 472,952 shares, valued at $7.72M in 2018Q1, according to the filing. It also reduced its holding in Greenbrier Cos Inc (NYSE:GBX) by 479,900 shares in the quarter, leaving it with 146,100 shares, and cut its stake in Hcp Inc (NYSE:HCP).

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: OncoCyte Surges Following Positive DetermaVu Study Results; IsoRay Shares Drop” on July 10, 2018.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 10 analysts covering PepsiCo (NYSE:PEP), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. PepsiCo had 10 analyst reports since January 29, 2018 according to SRatingsIntel. Citigroup maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Wednesday, July 11. Citigroup has “Neutral” rating and $118 target. As per Monday, February 12, the company rating was maintained by Susquehanna. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Sell” rating given on Tuesday, April 17 by Goldman Sachs. The rating was downgraded by Deutsche Bank on Tuesday, July 3 to “Hold”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Overweight” rating given on Wednesday, July 11 by Morgan Stanley. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, April 27. JP Morgan maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, February 14 with “Overweight” rating. Credit Suisse maintained it with “Hold” rating and $124.0 target in Thursday, February 1 report. The firm has “In-Line” rating by Evercore given on Wednesday, February 14.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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