Pepsico INC (PEP) Shareholder Bahl & Gaynor INC Increased Its Stake

March 23, 2018 - By Darrin Black

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It is positive, as 51 investors sold PEP shares while 689 reduced holdings. 106 funds opened positions while 593 raised stakes. 964.87 million shares or 1.00% less from 974.57 million shares in 2017Q2 were reported. Cornercap Invest Counsel Inc owns 1,926 shares. Massachusetts-based Wade G W And Incorporated has invested 1.62% in PepsiCo, Inc. (NASDAQ:PEP). Illinois-based Chicago Equity Ptnrs has invested 0.69% in PepsiCo, Inc. (NASDAQ:PEP). Credit Suisse Ag, Switzerland-based fund reported 2.42M shares. Vantage Inv Ptnrs Limited Liability Com stated it has 0.9% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Psagot Investment House has 33,829 shares for 0.16% of their portfolio. Chilton Mngmt Limited Liability Company has invested 0.96% in PepsiCo, Inc. (NASDAQ:PEP). Kbc Gp Nv invested 1.06% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP). Investec Asset Management Ltd has invested 1.45% in PepsiCo, Inc. (NASDAQ:PEP). Jacobs Levy Equity Management Inc, New Jersey-based fund reported 387,693 shares. 13,113 are held by Naples Global Advsrs Ltd Limited Liability Company. Wealth Architects Limited Com holds 2,833 shares or 0.11% of its portfolio. Hedeker Wealth Ltd Co stated it has 21,415 shares. Connable Office holds 0.64% or 28,190 shares. Meeder Asset Management Inc has 70,759 shares for 0.86% of their portfolio.

Since October 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.37 million activity.

Bahl & Gaynor Inc increased its stake in Pepsico Inc. (PEP) by 21.61% based on its latest 2017Q3 regulatory filing with the SEC. Bahl & Gaynor Inc bought 449,913 shares as the company’s stock rose 5.12% with the market. The institutional investor held 2.53 million shares of the consumer non-durables company at the end of 2017Q3, valued at $282.09 million, up from 2.08 million at the end of the previous reported quarter. Bahl & Gaynor Inc who had been investing in Pepsico Inc. for a number of months, seems to be bullish on the $154.04B market cap company. The stock increased 0.54% or $0.58 during the last trading session, reaching $108.52. About 324,919 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since March 23, 2017 and is uptrending. It has underperformed by 4.50% the S&P500.

Bahl & Gaynor Inc, which manages about $7.63 billion and $9.13B US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 3.89 million shares to 583,554 shares, valued at $14.11 million in 2017Q3, according to the filing. It also reduced its holding in Schlumberger Ltd. (NYSE:SLB) by 209,420 shares in the quarter, leaving it with 50,061 shares, and cut its stake in Verizon Communications Inc. (NYSE:VZ).

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo has $140.0 highest and $81 lowest target. $116.43’s average target is 7.29% above currents $108.52 stock price. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, July 21 by Sterne Agee CRT. JP Morgan maintained PepsiCo, Inc. (NASDAQ:PEP) on Tuesday, April 19 with “Overweight” rating. The firm has “Buy” rating given on Friday, April 28 by Credit Suisse. The rating was maintained by S&P Research with “Hold” on Wednesday, October 7. The firm earned “Buy” rating on Tuesday, July 11 by Cowen & Co. BMO Capital Markets maintained the shares of PEP in report on Tuesday, July 11 with “Hold” rating. RBC Capital Markets maintained PepsiCo, Inc. (NASDAQ:PEP) on Wednesday, October 7 with “Sector Perform” rating. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by Credit Suisse on Thursday, February 1. The firm has “Neutral” rating given on Wednesday, June 29 by Goldman Sachs. The firm has “Neutral” rating by Sterne Agee CRT given on Friday, February 26.

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