Filing Analysis: Bokf Has Raised Its Pepsico INC (PEP) Position by $3.63 Million; Share Value Rose

Filing Analysis: Bokf Has Raised Its Pepsico INC (PEP) Position by $3.63 Million; Share Value Rose

Bokf increased its stake in Pepsico Inc (PEP) by 16.61% based on its latest 2016Q3 regulatory filing with the SEC. Bokf bought 33,636 shares as the company’s stock rose 2.97% with the market. The institutional investor held 236,197 shares of the consumer non-durables company at the end of 2016Q3, valued at $25.69 million, up from 202,561 at the end of the previous reported quarter. Bokf who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $144.71B market cap company. The stock decreased 1.44% or $1.49 during the last trading session, hitting $101.97. PepsiCo, Inc. (NYSE:PEP) has declined 0.51% since June 7, 2016 and is downtrending. It has underperformed by 7.93% the S&P500.

Bokf, which manages about $3.02B US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 81,759 shares to 354,644 shares, valued at $40.09 million in 2016Q3, according to the filing. It also reduced its holding in Molson Coors Brewing Co (NYSE:TAP) by 33,407 shares in the quarter, leaving it with 24,109 shares, and cut its stake in 3M Co (NYSE:MMM).

Insitutional Activity: The institutional sentiment decreased to 0.79 in Q3 2016. Its down 0.08, from 0.87 in 2016Q2. The ratio dived, as 58 funds sold all PEP shares owned while 756 reduced positions. 98 funds bought stakes while 542 increased positions. They now own 964.42 million shares or 1.29% less from 977.04 million shares in 2016Q2. Country Club Tru Na last reported 0.25% of its portfolio in the stock. Hightower last reported 0.73% of its portfolio in the stock. Boothbay Fund Mgmt Limited Co owns 3,473 shares or 0.12% of their US portfolio. Moreover, Usa Portformulas Corp has 0.22% invested in PepsiCo, Inc. (NYSE:PEP) for 7,760 shares. Umb Comml Bank N A Mo has 241,761 shares for 1.06% of their US portfolio. Lourd Capital Limited Liability reported 3,702 shares or 0.04% of all its holdings. North Star Asset Management holds 20,753 shares or 0.25% of its portfolio. Raymond James & Assocs owns 1.80 million shares or 0.54% of their US portfolio. Moreover, Perkins Investment Mngmt Ltd Liability has 0.57% invested in PepsiCo, Inc. (NYSE:PEP) for 377,937 shares. First Allied Advisory Services has 0.46% invested in the company for 79,285 shares. The Georgia-based Marshwinds Advisory Co has invested 0.96% in PepsiCo, Inc. (NYSE:PEP). Moreover, Pekin Singer Strauss Asset Mgmt Il has 0.76% invested in PepsiCo, Inc. (NYSE:PEP) for 41,068 shares. Nichols Asset Ltd Liability Corporation last reported 6,865 shares in the company. Park Natl Oh accumulated 1.99% or 286,906 shares. The Nebraska-based Lincoln Cap Ltd Limited Liability Company has invested 1.1% in PepsiCo, Inc. (NYSE:PEP).

Insider Transactions: Since July 12, 2016, the stock had 0 buys, and 1 sale for $5.49 million net activity. On Tuesday, July 12 the insider Carey Albert P sold $18.50 million. $351,236 worth of PepsiCo, Inc. (NYSE:PEP) was sold by Narasimhan Laxman. Khan Mehmood sold $5.49M worth of PepsiCo, Inc. (NYSE:PEP) on Thursday, July 28.

More news for PepsiCo, Inc. (NYSE:PEP) were recently published by: Finance.Yahoo.com, which released: “Perkins Coie Trust Co Buys Microsoft Corp, Walt Disney Co, PepsiCo Inc, Sells …” on January 10, 2017. Fool.com‘s article titled: “Better Buy: Starbucks Corporation vs. PepsiCo, Inc.” and published on December 17, 2016 is yet another important article.

According to Zacks Investment Research, “PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. PepsiCo brands are among the best known and most respected in the world and are available in countries and territories throughout the world. PepsiCo’s success is the result of superior products, high standards of performance, distinctive competitive strategies and the high integrity of its people.”

PepsiCo, Inc. (NYSE:PEP) Ratings Coverage

Out of 14 analysts covering PepsiCo (NYSE:PEP), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. PepsiCo has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, July 8 by Deutsche Bank. The stock has “Equal Weight” rating given by Barclays Capital on Monday, January 9. Goldman Sachs maintained the stock with “Neutral” rating in Wednesday, June 29 report. UBS maintained the stock with “Buy” rating in Wednesday, October 7 report. As per Wednesday, October 7, the company rating was maintained by S&P Research. Sterne Agee CRT downgraded the shares of PEP in a report on Friday, February 26 to “Neutral” rating. The stock has “Buy” rating given by Vetr on Thursday, August 27. Credit Suisse initiated the shares of PEP in a report on Friday, September 16 with “Outperform” rating. On Friday, July 8 the stock rating was maintained by UBS with “Buy”. The firm has “Buy” rating given on Wednesday, October 7 by Stifel Nicolaus.

PEP Company Profile

PepsiCo, Inc., incorporated on November 13, 1986, is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Firm operates through six divisions, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa. The Company’s brands include Agusha, Amp Energy, Aquafina, Aquafina Flavorsplash, Aunt Jemima, Cap’n Crunch, Cheetos, Chester’s, Chipsy, Chudo, Cracker Jack, Crunchy, Diet Mountain Dew, Diet Mug, Diet Pepsi, Diet Sierra Mist, Domik v Derevne, Doritos, Duyvis, Elma Chips, Emperador, Frito-Lay, Fritos, Fruktovy Sad, Frustyle, G Series, G2, Gatorade, Grandma’s, Imunele, Izze, Kas, Kurkure, Lay’s, Life, Lifewater, Lubimy, Manzanita Sol, Marias Gamesa, Matutano, Mirinda, Miss Vickie’s, Mother’s, Mountain Dew, Mountain Dew Code Red, Mountain Dew Kickstart, Mug, Munchies, Naked, Near East, O.N.E., Paso de los Toros, Pasta Roni, Pepsi, Pepsi Max, Pepsi Next, Propel, Quaker, Quaker Chewy, Rice-A-Roni, Rold Gold, Rosquinhas Mabel, Ruffles, Sabritas, Sakata, Saladitas, Sandora, Santitas, 7UP (outside the United States) and 7UP Free (outside the United States), Sierra Mist, Simba, Smartfood, Smith’s, Snack a Jacks, SoBe, SoBe Lifewater, SoBe V Water, Sonric’s, Stacy’s, Sting, SunChips, Tonus, Tostitos, Trop 50, Tropicana, Tropicana Farmstand, Tropicana Pure Premium, Tropicana Twister, Vesely Molochnik, Walkers and Ya.

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