As Pepsico INC (PEP) Stock Price Declined, Shareholder Pioneer Investment Management INC Has Raised Holding

August 9, 2018 - By Margaret Guttierez

PepsiCo, Inc. (NASDAQ:PEP) LogoInvestors sentiment is 0.86 in Q1 2018. Its the same as in 2017Q4. It is flat, 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. Riverbridge Partners Limited Liability Corp stated it has 0.07% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Lodestar Invest Counsel Ltd Il invested in 88,489 shares. Evanson Asset Mngmt Limited Liability holds 0.05% or 2,031 shares in its portfolio. Apg Asset Management Nv has 6.30M shares for 1.08% of their portfolio. Moreover, Ironwood Counsel Limited Liability Company has 2.52% invested in PepsiCo, Inc. (NASDAQ:PEP) for 51,948 shares. M Kraus And reported 46,958 shares. Ssi Incorporated owns 4,228 shares. Caisse De Depot Et Placement Du Quebec holds 0.17% or 651,815 shares in its portfolio. First Tru has invested 0.99% in PepsiCo, Inc. (NASDAQ:PEP). Seizert Prns Limited Liability Company owns 3,408 shares. Alliancebernstein Ltd Partnership has 0.46% invested in PepsiCo, Inc. (NASDAQ:PEP) for 5.83M shares. Argent accumulated 59,856 shares or 1.79% of the stock. 128,464 are owned by Btr Cap Mgmt. The Massachusetts-based Foster Dykema Cabot And Ma has invested 0.22% in PepsiCo, Inc. (NASDAQ:PEP). Pub Employees Retirement Of Ohio has 0.56% invested in PepsiCo, Inc. (NASDAQ:PEP) for 981,518 shares.

Pioneer Investment Management Inc increased its stake in Pepsico Inc (PEP) by 11.28% based on its latest 2018Q1 regulatory filing with the SEC. Pioneer Investment Management Inc bought 711,290 shares as the company’s stock declined 9.58% with the market. The institutional investor held 7.02M shares of the consumer non-durables company at the end of 2018Q1, valued at $766.01 million, up from 6.31M at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $160.72B market cap company. The stock increased 0.13% or $0.145 during the last trading session, reaching $113.635. About 690,155 shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 14.65% since August 9, 2017 and is downtrending. It has underperformed by 27.22% the S&P500.

Pioneer Investment Management Inc, which manages about $65.36B and $62.39B US Long portfolio, decreased its stake in Blue Buffalo Pet Prods Inc by 178,038 shares to 28 shares, valued at $1,000 in 2018Q1, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 860,288 shares in the quarter, leaving it with 7.73 million shares, and cut its stake in Dowdupont Inc.

Another recent and important PepsiCo, Inc. (NASDAQ:PEP) news was published by Benzinga.com which published an article titled: “The Legacy Of Outgoing PepsiCo CEO Indra Nooyi” on August 06, 2018.

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 8 analysts covering PepsiCo (NYSE:PEP), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. PepsiCo had 8 analyst reports since February 12, 2018 according to SRatingsIntel. As per Wednesday, February 14, the company rating was maintained by JP Morgan. The firm has “Hold” rating by Deutsche Bank given on Tuesday, July 3. Stifel Nicolaus maintained PepsiCo, Inc. (NASDAQ:PEP) rating on Friday, April 27. Stifel Nicolaus has “Hold” rating and $110 target. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Citigroup on Wednesday, July 11. The firm has “In-Line” rating given on Wednesday, February 14 by Evercore. Morgan Stanley maintained the shares of PEP in report on Wednesday, July 11 with “Overweight” rating. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Sell” rating given on Tuesday, April 17 by Goldman Sachs. Susquehanna maintained it with “Buy” rating and $140.0 target in Monday, February 12 report.

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

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