Economy

GW&K Investment Management LLC Has $6.32 Million Stake in Pepsico, Inc. (PEP)

GW&K Investment Management LLC Has $6.32 Million Stake in Pepsico, Inc. (PEP)”

Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Focused Wealth Management Inc who had been investing in Teva Pharmaceutical Inds Ltd for a number of months, seems to be bullish on the $17.37 billion market cap company. Tdam Usa Incorporated owns 257,878 shares for 1.53% of their portfolio. The firm owned 27,795 shares of the company's stock after selling 2,825 shares during the period. It has underperformed by 58.40% the S&P500.

Spinnaker Trust increased its stake in Pepsico Inc (PEP) by 52.9% based on its latest 2017Q2 regulatory filing with the SEC. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. National Pension Service now owns 945,000 shares of the company's stock valued at $106,010,000 after acquiring an additional 18,835 shares during the period. The stock rose 1.04% or $1.15 reaching $112.25. About shares traded. Ion Geophysical Corp (NYSE:IO) has declined 32.43% since September 27, 2016 and is downtrending. (NYSE:PEP) puts the stock on today's active list. It has underperformed by 4.50% the S&P500. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.40 by $0.10. Therefore 28% are positive. Ion Geophysical Corp had 4 analyst reports since August 10, 2015 according to SRatingsIntel. On Friday, September 30 the stock rating was maintained by Jefferies with "Buy". The rating was maintained by Credit Suisse with "Buy" on Friday, April 28. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, October 7 report. Also, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction on Monday, July 24th. The rating was upgraded by BTIG Research on Monday, September 11 to "Buy". The firm earned "Hold" rating on Tuesday, February 28 by Argus Research. The firm earned "Neutral" rating on Friday, August 7 by National Securities. More interesting news about TJX Companies Inc (NYSE:TJX) was released by: Benzinga.com and their article: "TJX Companies, Ross Stores Can Each Continue To Grow Despite Competition" with publication date: September 12, 2017.

In the past year there have been a total of 75 insider trades, including 47 open market buys and 28 sells.

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.09, from 0.84 in 2017Q1. It turned negative, as 44 investors sold PEP shares while 778 reduced holdings.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. APG Asset Management N.V. raised its position in shares of Pepsico by 0.9% in the 2nd quarter. Orca Mngmt Ltd Liability accumulated 10,147 shares. Fisher Asset Management LLC now owns 5,775,278 shares of the company's stock worth $666,987,000 after buying an additional 277,607 shares during the period. Pepsico accounts for about 0.7% of Greylin Investment Mangement Inc.'s investment portfolio, making the stock its 19th biggest holding.

PepsiCo, Inc is a global food and beverage company. Stonebridge Capital Advsrs Ltd Llc holds 0.52% in PepsiCo, Inc. (NYSE:PEP). Gillespie Robinson Grimm Inc has invested 3.15% in PepsiCo, Inc. Stephens Ar holds 0.56% or 142,048 shares in its portfolio. Ruggie Cap stated it has 535 shares. Raymond James Advsr has invested 0.57% in PepsiCo, Inc. (NYSE:PEP). Laurel Grove Capital Ltd Llc holds 2.46% or 40,280 shares. $303,211 worth of TJX Companies Inc (NYSE:TJX) shares were sold by Canestrari Kenneth. Pepsico now has a consensus rating of "Buy" and an average price target of $123.75. Therefore 14% are positive. Cowen and Company reiterated an "outperform" rating and set a $128.00 price objective on shares of Pepsico in a research report on Thursday, July 13th. (NYSE:PEP) on Monday, December 12 to "Buy" rating. BMO Capital Markets downgraded Pepsico from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $118.00 to $120.00 in a research report on Wednesday, June 7th. The insider, GALLAGHER MARIE T., now holds 52,744 shares of PEP. The company was downgraded on Thursday, May 11 by Citigroup. The stock of PepsiCo, Inc. (NYSE:PEP) earned "Buy" rating by UBS on Friday, July 8. The company was initiated on Tuesday, March 21 by JP Morgan. The company has market cap of $159.39 billion. The stock of PepsiCo, Inc. (NYSE:PEP) news were published by: Seekingalpha.com which released: "Pepsi: When Will the Growth Happen?" on September 19, 2017, also Nasdaq.com with their article: "Pepsico, Inc". (PEP) Ex-Dividend Date Scheduled for August 30, 2017" on August 29, 2017, also Investorplace.com with their article: "PepsiCo, Inc. "(PEP)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes. The stock of PepsiCo, Inc.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. They expect $1.42 EPS, up 1.43% or $0.02 from last year's $1.4 per share. After $1.50 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth.

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