Highland Capital Management LLC Position in Pepsico INC (PEP) Has Upped by $4.26 Million as Market Value Rose

November 15, 2017 - By Migdalia James

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.09, from 0.84 in 2017Q1. It is negative, as 44 investors sold PEP shares while 778 reduced holdings. 117 funds opened positions while 502 raised stakes. 974.57 million shares or 0.37% less from 978.18 million shares in 2017Q1 were reported. California-based Cap Intl Invsts has invested 0.18% in PepsiCo, Inc. (NYSE:PEP). Jensen Invest Mgmt holds 3.69M shares or 5.84% of its portfolio. 107,769 are owned by Nbt Comml Bank N A New York. 12,515 are owned by Rosenbaum Jay D. Grandfield & Dodd Llc reported 0.48% of its portfolio in PepsiCo, Inc. (NYSE:PEP). America First Invest Advsr Llc holds 0.04% in PepsiCo, Inc. (NYSE:PEP) or 856 shares. Payden And Rygel holds 0.02% or 1,500 shares. Old Mutual Customised Solutions (Proprietary) Ltd reported 52,026 shares stake. Peddock Ltd Liability Co has 0.09% invested in PepsiCo, Inc. (NYSE:PEP) for 1,400 shares. Mcrae Cap Management holds 4.31% or 91,890 shares. States Steel And Carnegie Pension Fund has invested 1.98% in PepsiCo, Inc. (NYSE:PEP). Welch And Forbes Limited Liability stated it has 1.99% of its portfolio in PepsiCo, Inc. (NYSE:PEP). 12,207 are held by Strategic Wealth Advsrs Group Incorporated Limited Com. Jarislowsky Fraser Ltd owns 1.22% invested in PepsiCo, Inc. (NYSE:PEP) for 1.66 million shares. 24,500 were accumulated by Kemper Master Retirement.

Highland Capital Management Llc increased its stake in Pepsico Inc (PEP) by 42.11% based on its latest 2017Q2 regulatory filing with the SEC. Highland Capital Management Llc bought 37,043 shares as the company’s stock rose 5.12% with the market. The institutional investor held 125,009 shares of the consumer non-durables company at the end of 2017Q2, valued at $14.44M, up from 87,966 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $164.24 billion market cap company. The stock declined 0.23% or $0.27 reaching $115.49 on the news. About 161,074 shares traded. PepsiCo, Inc. (NYSE:PEP) has risen 12.20% since November 15, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

More notable recent PepsiCo, Inc. (NYSE:PEP) news were published by: Seekingalpha.com which released: “PepsiCo: Fueling Growth” on October 16, 2017, also Seekingalpha.com with their article: “Why We Bought More Pepsi” published on October 26, 2017, Seekingalpha.com published: “Sand In My Shoes – Pepsi Is Pouring Dividends” on November 10, 2017. More interesting news about PepsiCo, Inc. (NYSE:PEP) were released by: Seekingalpha.com and their article: “Two Buys: PepsiCo And Qualcomm” published on October 18, 2017 as well as Dividend.com‘s news article titled: “PepsiCo, Inc.: With Soda Demand Falling, Pepsi Continues to Thrive” with publication date: October 25, 2017.

PepsiCo, Inc. (NYSE:PEP) Ratings Coverage

Among 19 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. PepsiCo had 57 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, September 8 by Credit Suisse. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, June 7 report. The rating was maintained by Barclays Capital on Tuesday, April 19 with “Overweight”. The stock of PepsiCo, Inc. (NYSE:PEP) has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. Cowen & Co maintained the stock with “Buy” rating in Tuesday, July 11 report. BMO Capital Markets maintained the shares of PEP in report on Thursday, March 23 with “Buy” rating. The firm earned “Hold” rating on Thursday, April 14 by Stifel Nicolaus. The stock of PepsiCo, Inc. (NYSE:PEP) earned “Neutral” rating by Citigroup on Tuesday, April 19. The stock has “Hold” rating by RBC Capital Markets on Friday, November 10. Jefferies maintained PepsiCo, Inc. (NYSE:PEP) on Thursday, July 6 with “Buy” rating.

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