Investors Keen on a Bargain are Looking at Pepsico, Inc. (NYSE:PEP)

Pepsico, Inc. (PEP) average trading volume of 4,273,450 during the past month is 16.08% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. Cullinan Associates Inc.'s holdings in Pepsico were worth $16,459,000 as of its most recent SEC filing. The institutional investor held 25,256 shares of the consumer non-durables company at the end of 2017Q2, valued at $2.92 million, down from 28,358 at the end of the previous reported quarter.

Catalyst Capital Advisors Llc, which manages about $653.50M and $2.34 billion US Long portfolio, upped its stake in Ishares Tr (IWR) by 146,989 shares to 544,555 shares, valued at $104.61 million in 2017Q2, according to the filing. Winslow Evans & Crocker Inc. grew its position in Pepsico by 4.2% in the first quarter. The stock rose 0.16% or $0.18 reaching $109.3. American National Bank grew its position in Pepsico by 4.4% in the first quarter. Braun Stacey Assocs Incorporated invested 1.1% of its portfolio in PepsiCo, Inc. Atria Investments LLC now owns 26,614 shares of the company's stock worth $2,977,000 after acquiring an additional 3,921 shares in the last quarter.

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To kick off the week, one analyst chose to downgrade PepsiCo ahead of the report, and it just might be well founded. Zacks Investment Research lowered Pepsico from a "buy" rating to a "hold" rating in a research note on Monday, September 4th. The same analysts have a future one-year price target of $124.29 on the shares. The stock of Marriott International Inc (NASDAQ:MAR) earned "Hold" rating by Stifel Nicolaus on Tuesday, January 10. Cowen and Company reaffirmed a "buy" rating on shares of Pepsico in a report on Sunday, September 17th. Stifel Nicolaus upgraded it to "Buy" rating and $60.0 target in Thursday, February 2 report.

In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following the transaction, the chairman now directly owns 733,315 shares of the company's stock, valued at approximately $85,387,198.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm's stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the sale, the executive vice president now directly owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here.

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Analysts await PepsiCo, Inc. Jefferies Group has a "Hold" rating and a $108.00 price target on the stock. Pepsico has a one year low of $98.50 and a one year high of $119.39. (NYSE:CF) news were published by: Nasdaq.com which released: "Options Traders Expect Huge Moves in CF Industries Holdings (CF) Stock" on September 19, 2017. Pepsico also was the target of unusually large options trading on Monday. It improved, as 40 investors sold MAR shares while 226 reduced holdings. This is an increase of approximately 248% compared to the typical volume of 1,616 put options. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since October 3, 2016 and is uptrending. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. PEP's profit will be $2.02 billion for 19.21 P/E if the $1.42 EPS becomes a reality. (NYSE:PEP) news were published by: Seekingalpha.com which released: "PepsiCo: A Unique Chance To Buy" on September 28, 2017, also Seekingalpha.com with their article: "Pepsi Has The Wind At Its Back" published on September 13, 2017, Fool.com published: "Best Buy: The Coca-Cola Co vs. PepsiCo, Inc. vs. Procter & Gamble Co" on September 24, 2017.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. The average daily volatility for the week was at 1.09%, which was 0.14 higher than that in the past month. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.95%. "(TSS) Ex-Dividend Date Scheduled for September 20 ..." on September 05, 2017. Pepsico's payout ratio is presently 68.22%. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and global copyright and trademark law. The correct version of this article can be viewed at https://weekherald.com/2017/10/03/pepsico-inc-pep-shares-sold-by-cullinan-associates-inc.html. RBC Capital Markets maintained PepsiCo, Inc.

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In the quarter, Frito-Lay North America, Quaker Foods North America, Latin America and Europe Sub-Saharan Africa segments posted higher net revenues. Hedge funds and other institutional investors own 70.06% of the company's stock.

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