The stock price of PepsiCo (PEP) has demonstrated considerable fluctuation recently. Despite a new 1-year low following an analyst downgrade and some days of negative movements, a few investment entities are bolstering their positions in the company. Purchasing additional shares were Jacobs & Co. CA, Legacy Private Trust Co., Douglas Lane & Associates LLC, and Hudson Valley Investment Advisors Inc. ADV. Meanwhile, firms like West Oak Capital LLC and Park National Corp OH have reduced their stakes. Piper Sandler initiated coverage of PepsiCo, offering an 'overweight' recommendation.
PepsiCo has appeared in news about potential acquisitions, such as the full purchase of Sabra and Obela and potential acquisition of Siete Foods. Despite oscillation, some analysts believe it's a promising long-term investment ('long-term momentum'), particularly with its history of paying dividends. An upcoming Earnings Report is expected to demonstrate growth. Amidst these trends, Juli Cramer predicts PepsiCo stock to plunge further. With a large part of the entity owned by institutional bodies, the corporation's movements continue to generate investor attention.
Pepsico PEP News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 23:19:55 GMT - Rating -1 - Innovation 3 - Information 6 - Rumor -6
