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PEP

PepsiCo

$118.30

-0.09 (-0.08%)

12:25
11/19/18
11/19
12:25
11/19/18
12:25

PepsiCo call volume above normal and directionally bullish

Bullish option flow detected in PepsiCo with 3,762 calls trading, 1.5x expected, and implied vol increasing over 1 point to 18.01%. 11/30 weekly 107 puts and Jan-20 140 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.55. Earnings are expected on February 15th.

  • 13

    Dec

  • 15

    Feb

PEP PepsiCo
$118.30

-0.09 (-0.08%)

10/05/18
10/05/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. HP CUT TO NEUTRAL AT JPMORGAN: JPMorgan analyst Paul Coster downgraded HP Inc. (HPQ) to Neutral from Overweight while raising his price target for the shares to $29 from $28. Despite the company's "excellent execution," the shares have limited catalysts ahead, Coster told investors in a research note following the company's analyst day. The analyst recommended investors take profits with the stock up 24% year-to-date. HP shares were lower by 1.9% to $25.91 in late morning trading. ELI LILLY UPGRADED TO OUTPERFORM AT BMO: BMO Capital analyst Alex Arfaei upgraded Eli Lilly (LLY) to Outperform from Market Perform and raised his price target on the shares to $130 from $107. The analyst cited the prospects of LY3298176, a GIP and GLP-1 dual receptor agonist presented at EASD 54th Annual Meeting, which he believes "meaningfully improves" the company's long-term growth prospects. Arfaei sees "continued strong growth of the GLP-1 class" and anticipates an annualized revenue growth of about 15% through 2027, adding that he is also positive on Eli Lilly's margins and its other indications in fields such as obesity. Eli Lilly shares were higher by 1.8% to $115.01 in late morning trading. PEPSI CUT TO NEUTRAL AT MACQUARIE: Macquarie analyst Caroline Levy downgraded Pepsi (PEP) to Neutral from Outperform and cut its price target to $107 from $122 following the company's Q3 report. Levy noted that Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst said she expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb. ROKU STARTED WITH A NEUTRAL AT WEDBUSH: Wedbush analyst Michael Pachter initiated Roku (ROKU) with a Neutral rating and $73 price target. While Roku has built an "exceptional" platform on the back of its players and is positioning itself as the best-in-class option for OTT advertising, Roku's growth is fully priced into its share price, Pachter told investors in a research note. The analyst believes that any pullback may provide an opportunity to build a position. SUPER MICRO COMPUTER CUT TO HOLD AT MAXIM: Maxim analyst Nehal Chokshi downgraded Super Micro Computer (SMCI) to Hold from Buy. The analyst stated that while the Bloomberg Businessweek article alleging the company's "servers sold to customers contained malicious microchips" were strongly refuted, the detail, the reputable nature of the source, and the number of cross reference checks lend to its credibility. Chokshi further noted that the company's ongoing delay in releasing its 2017 10K filing adds to his concerns, stating that he no longer sees reward relative to risk as asymmetric. Super Micro Computer shares were higher by 3.1% to $12.99 in late morning trading.
10/05/18
10/05/18
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. Mylan (MYL) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying the analyst initially believed Mylan's pipeline of complex generics and biosimilars would represent a "sustainable source of growth" relative to generic peers, but her view changed after more due diligence and competitor checks. 2. Eastman Chemical (EMN) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes raw material trends will probably pressure the company's year-ahead results. 3. CommScope (COMM) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the analyst continues to view CommScope as a long-term beneficiary of both mobile and fiber spending growth. 4. HP Inc. (HPQ) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying despite the company's "excellent execution," the shares have limited catalysts ahead. 5. PepsiCo (PEP) downgraded to Neutral from Outperform at Macquarie with analyst Caroline Levy saying Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/18
MACQ
10/05/18
DOWNGRADE
Target $107
MACQ
Neutral
PepsiCo downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Caroline Levy downgraded Pepsi to Neutral from Outperform and cut its price target to $107 from $122 following the Q3 report. Levy said Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb.
10/03/18
RHCO
10/03/18
NO CHANGE
Target $110
RHCO
Hold
PepsiCo faced with greater FX headwinds, says SunTrust
SunTrust analyst William Chappell kept his Hold rating and $110 price target on PepsiCo after its Q3 results. The analyst says that while organic sales growth in the quarter came in higher than expected, investor focus going forward will be on the sustainability of its EPS growth. Chappell also notes that the 3pts of the earnings growth this year were from one-time items of insurance recoveries and refranchising gains, and while he believes the management will be able to achieve its high-single digit EPS growth objective for FY19, he also lowers his FY19 EPS view to $6.11 from $6.21 to account for greater FX headwinds.

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Federated Investors

$24.65

-0.02 (-0.08%)

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GIII

G-III Apparel

$28.68

-0.29 (-1.00%)

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CLXT

Calyxt

$9.88

0.4 (4.22%)

21:34
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CLXT

Calyxt

$9.88

0.4 (4.22%)

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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

, EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

20:08
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ITW

Illinois Tool Works

$131.02

-2.26 (-1.70%)

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Illinois Tool Works rating change at Deutsche Bank »

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SWK

Stanley Black & Decker

$118.36

0.46 (0.39%)

19:57
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INCY

Incyte

$66.24

-1.04 (-1.55%)

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Aetna

$0.00

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$0.00

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Anthem

$275.59

-4.93 (-1.76%)

CNC

Centene

$127.55

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CI

Cigna

$205.34

-6.63 (-3.13%)

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Health Net

$0.00

(0.00%)

HUM

Humana

$300.41

-12.09 (-3.87%)

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Molina Healthcare

$131.72

-11.19 (-7.83%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

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WellCare

$236.90

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SNE

Sony

$51.32

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GOOG

Alphabet

$1,041.68

-21.44 (-2.02%)

GOOGL

Alphabet Class A

$1,050.62

-23.36 (-2.18%)

AAPL

Apple

$165.48

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BAC

Bank of America

$24.49

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BlackRock

$382.25

-5.29 (-1.37%)

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Caterpillar

$126.78

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CVX

Chevron

$113.84

-2.15 (-1.85%)

DDAIF

Daimler AG

$0.00

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DAL

Delta Air Lines

$53.50

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ET

Energy Transfer LP

$14.08

-0.5 (-3.43%)

TOL

Toll Brothers

$32.23

-0.4 (-1.23%)

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EQT

EQT Corporation

$19.40

-0.78 (-3.87%)

18:54
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EQT's board to seek meeting with Rice brothers, Reuters reports »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

, EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

18:31
12/16/18
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EQT Midstream Partners, EQGP Holdings rating change at Goldman Sachs »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

18:28
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INCY

Incyte

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NSANY

Nissan

$0.00

(0.00%)

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Renault

$0.00

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AT&T

$30.24

0.33 (1.10%)

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Comcast

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$51.32

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FOX

21st Century Fox

$48.79

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21st Century Fox

$49.06

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$112.21

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$28.56

-0.31 (-1.07%)

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$31.23

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ELGX

Endologix

$0.71

0.0232 (3.39%)

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PRPO

Precipio

$0.19

-0.0111 (-5.63%)

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MSB

Mesabi Trust

$25.15

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MLNT

Melinta Therapeutics

$1.19

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XOM

Exxon Mobil

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ANTM

Anthem

$275.59

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, CNC

Centene

$127.55

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CI

Cigna

$205.34

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UNH

UnitedHealth

$265.06

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HUM

Humana

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WCG

WellCare

$236.90

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MOH

Molina Healthcare

$131.72

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HNT

Health Net

$0.00

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AET

Aetna

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JELD

Jeld-Wen

$14.27

-0.46 (-3.12%)

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ATRA

Atara Biotherapeutics

$41.78

-0.74 (-1.74%)

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BGNE

BeiGene

$133.95

2.595 (1.98%)

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