Pepsico INC (PEP) Holding Increased by Bahl & Gaynor Inc

March 23, 2018 - By Maria Brooks

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. Smith Asset Management Limited Partnership invested 0.39% in PepsiCo, Inc. (NASDAQ:PEP). Gardner Russo And Gardner Limited Co reported 35,200 shares or 0.03% of all its holdings. Avalon Limited Com reported 362,179 shares. Schaper Benz & Wise Invest Counsel Incorporated Wi holds 10,382 shares. Roundview Cap Limited Liability Com accumulated 15,298 shares. Bancshares Inc holds 0.13% in PepsiCo, Inc. (NASDAQ:PEP) or 2,956 shares. Cap Planning Advsrs Limited Liability, California-based fund reported 10,451 shares. Murphy Cap invested in 0.92% or 57,907 shares. Ww Asset Mngmt holds 0.53% or 143,197 shares in its portfolio. Smith Moore And Company owns 0.47% invested in PepsiCo, Inc. (NASDAQ:PEP) for 14,910 shares. Congress Asset Mgmt Ma reported 497,940 shares. Bridges Inv Mgmt Incorporated owns 95,404 shares or 1.37% of their US portfolio. Van Strum Towne holds 46,832 shares. Mariner Wealth Advsr Ltd Liability Com owns 31,041 shares or 0.16% of their US portfolio. Legal & General Group Incorporated Public Ltd Co stated it has 7.23 million shares.

Since October 10, 2017, it had 0 insider buys, 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 2.53M 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 $7.63B and $9.13B US Long portfolio, decreased its stake in Procter & Gamble Co. (NYSE:PG) by 233,957 shares to 2.54 million shares, valued at $230.93M in 2017Q3, according to the filing. It also reduced its holding in Johnson Controls International by 257,523 shares in the quarter, leaving it with 13,220 shares, and cut its stake in Pfizer Inc. (NYSE:PFE).

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. Barclays Capital initiated PepsiCo, Inc. (NASDAQ:PEP) rating on Monday, January 9. Barclays Capital has “Equal Weight” rating and $102 target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 7. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Sterne Agee CRT on Friday, February 26. The firm has “Buy” rating given on Thursday, July 6 by Jefferies. On Thursday, March 23 the stock rating was maintained by BMO Capital Markets with “Buy”. BMO Capital Markets maintained it with “Buy” rating and $115 target in Friday, April 28 report. As per Monday, January 8, the company rating was maintained by Cowen & Co. The stock has “Neutral” rating by Credit Suisse on Thursday, October 5. Jefferies maintained PepsiCo, Inc. (NASDAQ:PEP) on Thursday, June 22 with “Buy” rating. The stock has “Hold” rating by BMO Capital Markets on Wednesday, September 6.

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