Pepsico Inc (NYSE:PEP).
Baird Financial Group, Inc. bought 23,270 shares in the previous quarter increasing its holdings in Pepsico Inc by 1.8%. Its position stood at $144,679,000 a decrease of $2,584,000 according to the filing.
These firms have modified their investment in PEP. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its ownership by buying 10,047 shares an increase of 9.5% as of 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 116,175 shares with a value of $12,945,000. The value of the position overall is up by 5.6%. Tredje Ap-fonden augmented its holdings by buying 6,787 shares an increase of 4.6% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden owns 155,854 shares worth $17,367,000. The total value of its holdings increased 0.2%.
Bowen Hanes & Co Inc expanded its stake by buying 940 shares an increase of 0.3%. Bowen Hanes & Co Inc currently owns 302,099 shares valued at $33,663,000. The value of the position overall is down by 3.2%.
October 13 investment analysts at Stifel Nicolaus made no change to the stock rating of “Hold” projecting a price of $116.00. On October 6 Deutsche Bank AG maintained a stock rating of “Buy” targeting a price of $122.00.
October 5 investment analysts at Credit Suisse Group held the stock rating at “Hold” with a current price target of $122.00.
On October 2 Susquehanna Bancshares kept the company rating at “Buy” with a current price target of $135.00. On September 17, 2017 Cowen and Company reiterated a “Buy” rating on the company.
In the market the company is trading down by 0.15% since yesterday’s close of 115.76. The company currently has a P/E ratio of 23.88 and market capitalization is 164.38B. In the last earnings report the EPS was $4.84 with 1.42B shares currently outstanding.
Traders are a little more bearish on the company lately if you take note of the rise in short interest. The firm experienced a rise in short interest of 22.34% as of the latest report on October 13, 2017. Short shares grew 1,477,683 over that period. With short interest at 8,092,759 and short average daily volume at 4,478,027, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.01% as of October 13.