Economy

Cypress Asset Management Inc. TX Sells 8272 Shares of Pepsico, Inc. (PEP)

Cypress Asset Management Inc. TX Sells 8272 Shares of Pepsico, Inc. (PEP)”

More notable recent PepsiCo, Inc. The firm owned 54,915 shares of the company's stock after selling 1,200 shares during the quarter. (NYSE:PEP). The Florida-based Hyman Charles D has invested 2.51% in PepsiCo, Inc. TX's portfolio, making the stock its 2nd largest position. OR's holdings in Pepsico were worth $6,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its stake in Pepsico by 66.1% during the 1st quarter. (NYSE:PEP). Aristotle Cap Ltd Co owns 42,207 shares or 0.04% of their United States portfolio.

Pepsico, Inc. (NYSE:PEP) has a beta of 0.71, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole.

KEMET Corporation (NYSE:KEM) closed at $22.32 a share in the latest session and the stock value rose nearly 236.65% since the beginning of this year.

Stillwater Capital Advisors LLC increased its stake in shares of Pepsico, Inc. Proficio Capital Partners LLC now owns 1,810 shares of the company's stock valued at $210,000 after purchasing an additional 965 shares in the last quarter. More interesting news about PepsiCo, Inc. (NYSE:PEP) stock. It is widely believed that a stock's future performance can best be predicted by analyzing prior trends and patterns in price. The company's market cap is $159.14 Billion, and the average volume is 3.44 Million. Pepsico has a 52 week low of $98.50 and a 52 week high of $119.39. The stock has a 50 day moving average of $115.11 and a 200 day moving average of $114.82.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The stock rose 0.39% or $0.43 reaching $109.55 per share. The Return on Equity ratio of Pepsico, Inc.

16 analysts on average are expecting the company to report revenue of $19.73 Billion for the current quarter. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.10. Pepsico's revenue was up 2.0% on a year-over-year basis. Analysts predict that Pepsico will post $5.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. It increased, as 0 investors sold Community Financial Corp shares while 3 reduced holdings. The firm has dividend yield of 2.91% that is also considered as effective indicator.

Pepsico, Inc. (PEP) now has a Return on Assets (ROA) value of 9.1 Percent. Fortaleza Asset owns 1.69% invested in PepsiCo, Inc. About 8 shares traded. "(PEP)" was first reported by Equities Focus and is owned by of Equities Focus. 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.

In related news, Chairman Indra K. Nooyi sold 452,830 shares of the company's stock in a transaction that occurred on Tuesday, July 25th. Following the transaction, the executive vice president now directly owns 174,273 shares of the company's stock, valued at approximately $20,283,634.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Over the a year ago Company's shares have been trading in the range of $50.81 and $76.26. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock worth $104,585,929 over the last 90 days. Following the completion of the transaction, the chairman now directly owns 733,315 shares of the company's stock, valued at approximately $85,387,198.60.

The company was maintained on Wednesday, October 7 by S&P Research. Cowen & Co maintained the shares of PEP in report on Tuesday, July 11 with "Buy" rating. Jefferies Group LLC reaffirmed a "buy" rating and issued a $133.00 price objective (up from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th.

Pepsico, Inc. was covered by a number of analysts recently, 4 rated the stock as Buy, 8 rated Hold, 0 rated sell and 0 gave an Underperform. They issued an "outperform" rating and a $125.00 price target on the stock.

Susquehanna has a Buy rating with a $135 price target. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.30, which implies that analysts are generally neutral in their outlook for PEP over the next year. Pepsico presently has an average rating of "Buy" and an average price target of $122.38.



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