Pioneer Investment Management INC Increased Pepsico INC (PEP) Stake by $224.07 Million

April 20, 2018 - By Maria Robertson

PepsiCo, Inc. (NASDAQ:PEP) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.86. That’s change of 0.08, from 2017Q3’s 0.94. 63 investors sold all, 712 reduced holdings as PEP ratio is negative. 542 grew stakes while 122 funds amassed stakes. Funds hold 958.76 million shares thus 0.63% less from 2017Q3’s 964.87 million shares. Northwest Counselors Ltd Limited Liability Company has 1.41% invested in PepsiCo, Inc. (NASDAQ:PEP) for 29,252 shs. 2,366 were accumulated by London Com Of Virginia. Osborne Prtn Cap Mngmt holds 1.47% of its capital in PepsiCo, Inc. (NASDAQ:PEP) for 92,361 shs. Rfg Advisory Group Llc has invested 0.15% of its capital in PepsiCo, Inc. (NASDAQ:PEP). Teachers Insurance & Annuity Association Of America has invested 0.63% of its capital in PepsiCo, Inc. (NASDAQ:PEP). Forte Ltd Liability Company Adv invested in 0.48% or 13,315 shs. Frontier Inv Mgmt Co holds 12,714 shs. Mar Vista Investment Lc reported 392,239 shs. Meritage Portfolio Mngmt holds 0.06% of its capital in PepsiCo, Inc. (NASDAQ:PEP) for 4,839 shs. Wendell David Associates Incorporated owns 75,651 shs or 1.55% of their US capital. Boston has 2.00 million shs for 0.28% of their capital. 169,398 were accumulated by Janney Cap Mngmt Ltd Llc. Garde accumulated 0.09% or 4,171 shs. 5,825 are owned by Winfield Associate. North Carolina-based Investment Counsel has invested 0.22% in PepsiCo, Inc. (NASDAQ:PEP).

Pioneer Investment Management Inc’s holdings in Pepsico Inc (PEP) is rose by 42.57% based on its latest 2017Q4 regulatory filing with the SEC. By buying 1.88 million shares Pioneer Investment Management Inc made the stock sank with 9.24%. The consumer non-durables company at the end of 2017Q4 was valued at $756.29 million. It’s up from 4.42M at the end of the previous reported quarter. Now it had 6.31 million shares held by the institutional investor . $147.85 billion is Pepsico Inc’s market cap. PEP hit $104.16 during the last trading session after $1.41 change.Currently PepsiCo, Inc. is downtrending after 3.75% change in last April 20, 2017. PEP has also 1.67 million shares volume. PEP underperformed by 15.30% the S&P 500.

Pioneer Investment Management Inc operates about $65.36 billion and $64.92B US Long portfolio. Its stake in Tesaro Inc (NASDAQ:TSRO) was decreased by 97,305 shares to 7,677 shares valued at $636,000 in 2017Q4, according to the filing. For a total of 68,336 shares it reduced its holding in Powershares Buyback Achiev (PKW) by 53,529 shares in the quarter, and has cut its stake in Foundation Medicine Inc (NASDAQ:FMI).

PepsiCo, Inc. (NASDAQ:PEP) Ratings Coverage

In total 12 analysts cover PepsiCo (NYSE:PEP). “Buy” rating has 4, “Sell” are 1, while 7 are “Hold”. (NYSE:PEP) has 33% bullish analysts. With $140.0 highest and $11000 lowest target, PepsiCo has $122.82 average target or 17.91% above the current ($104.16) price. 12 are the (NYSE:PEP)’s ratings reports on 20 Apr 2018 according to StockzIntelligence Inc. On Friday, December 22 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, February 1 Credit Suisse maintained PepsiCo, Inc. (NASDAQ:PEP) with “Hold” rating. On Wednesday, February 14 the firm has “Overweight” rating given by JP Morgan. On Monday, January 8 the company was maintained by Cowen & Co. On Thursday, January 4 the rating was maintained by Jefferies with “Hold”. On Wednesday, February 14 Evercore downgraded PepsiCo, Inc. (NASDAQ:PEP) to “In-Line” rating. The stock rating was maintained by RBC Capital Markets with “Hold” on Friday, November 10. On Tuesday, April 17 the stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Sell” rating by Goldman Sachs. On Monday, February 12 the rating was maintained by Susquehanna with “Buy”. On Thursday, January 4 the rating was maintained by Wells Fargo with “Hold”.

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

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