PepsiCo (PEP) has recently seen a combination of both investment and liquidation activity across a multitude of private wealth management and asset management firms. While some organizations such as Inlet Private Wealth LLC, Costello Asset Management, and New Millennium Group LLC have sold their shares, others like Independence Bank of Kentucky, Matrix Asset Advisors, and Vantage Investment Partners LLC have significantly increased their positions in PepsiCo. Amid these activities, PepsiCo's stock price displayed moments of resilience in a dipping market, as spotlighted by Jim Cramer who identified PepsiCo as a 'winning bet' in the current market. Concurrently, concerns over the company's upcoming Q4 earnings have surfaced alongside analysts flagging caution ahead of its release. Some critics also highlighted PepsiCo's exposure to the weight loss market. The Royal Bank of Canada maintained a 'sector perform' rating on the company, while Piper Sandler reiterated their overweight status with a target of $171. The company's strong dividend performance continues to draw the attention of long-term investors, and PepsiCo has reportedly initiated talks to acquire Siete Foods for over $1 billion.
Pepsico PEP News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 01 Feb 2025 14:25:55 GMT -
Rating 3
- Innovation -4
- Information 8
- Rumor -5
