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PEP

PepsiCo

$118.60

0.34 (0.29%)

12:25
12/26/17
12/26
12:25
12/26/17
12:25

PepsiCo call volume above normal and directionally bullish

Bullish option flow detected in PepsiCo with 7,484 calls trading, 3x expected, and implied vol increasing over 1 point to 12.86%. Apr-18 135 calls and Feb-18 125 calls are the most active options, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 0.05. Earnings are expected on February 13th.

PEP PepsiCo
$118.60

0.34 (0.29%)

10/02/17
JEFF
10/02/17
DOWNGRADE
Target $108
JEFF
Hold
PepsiCo downgraded to Hold from Buy at Jefferies
Jefferies analyst Kevin Grundy downgraded PepsiCo to Hold and cut his price target for the shares to $108 from $133. The food and beverage company closed Friday down 21c to $111.43. North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months, Grundy tells investors in a research note. The analyst adds that food valuation multiples are contracting and that Pepsi has high exposure to a difficult U.S. environment.
10/02/17
SUSQ
10/02/17
NO CHANGE
Target $135
SUSQ
Positive
PepsiCo could be next takeout for AB In Bev, says Susquehanna
Susquehanna analyst Pablo Zuanic noted Pepsico (PEP) reports Q3 on October 3rd and he projects year-to-date metrics and earnings are below consensus. He trimmed his North American sales growth on weaker trends than expected, but he believes the potential miss could already be reflected in the shares. The analyst said based on valuation and fundamentals the stock deserves a Neutral rating but he continues to see it as the next logical target for AB InBev (BUD) in a joint bid with Kraft Heinz (KHC). Zuanic keeps a $135 price target on PepsiCo shares.
10/02/17
10/02/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months. 2. Western Digital (WDC) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying he believes the potential outcomes from the company's ongoing litigation with Toshiba (TOSYY) "range from neutral to significantly negative" and the ongoing fight will cap the stock's valuation in the near-term. 3. Uniti Group (UNIT) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying the "theme of Windstream's (WIN) distress continues to increase in volume." 4. Parker-Hannifin (PH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Nigel Coe saying he sees a more balanced risk-reward following the stock's strong outperformance since the election. 5. bluebird bio (BLUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying he believes the risks ahead of the company's presentation of LentiGlobin sickle cell data at December's American Society of Hematology meeting remains underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/13/17
DBAB
12/13/17
INITIATION
Target $132
DBAB
Buy
PepsiCo initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Steve Powers started PepsiCo with a Buy rating and $132 price target. The analyst sees the company's increased investments as ultimately paying off.

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