Washington Trust Bank Has Upped Its Pepsico (PEP) Position; ONEOK, Inc. (OKE) Covered By 9 Bulls

ONEOK, Inc. (NYSE:OKE) Logo

Washington Trust Bank increased Pepsico Inc (PEP) stake by 23.72% reported in 2017Q4 SEC filing. Washington Trust Bank acquired 2,865 shares as Pepsico Inc (PEP)’s stock declined 9.24%. The Washington Trust Bank holds 14,942 shares with $1.79 million value, up from 12,077 last quarter. Pepsico Inc now has $139.28 billion valuation. The stock decreased 0.77% or $0.76 during the last trading session, reaching $98.23. About 2.72 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since May 8, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Among 21 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. ONEOK had 77 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Tuesday, September 15. BMO Capital Markets maintained ONEOK, Inc. (NYSE:OKE) rating on Tuesday, October 17. BMO Capital Markets has “Buy” rating and $62.0 target. Barclays Capital upgraded it to “Overweight” rating and $49 target in Monday, May 9 report. The stock of ONEOK, Inc. (NYSE:OKE) earned “Buy” rating by UBS on Wednesday, November 1. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, January 17. Barclays Capital initiated ONEOK, Inc. (NYSE:OKE) rating on Tuesday, September 5. Barclays Capital has “Hold” rating and $58.0 target. UBS upgraded the shares of OKE in report on Wednesday, June 14 to “Buy” rating. As per Wednesday, December 16, the company rating was maintained by Barclays Capital. The firm has “Overweight” rating given on Wednesday, January 20 by Morgan Stanley. The stock has “Hold” rating by Jefferies on Wednesday, June 8. See ONEOK, Inc. (NYSE:OKE) latest ratings:

03/05/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $61 New Target: $62 Maintain
20/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $62 Initiates Coverage On
17/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $67 New Target: $66 Maintain
17/04/2018 Broker: Seaport Global Rating: Neutral New Target: $60 Initiates Coverage On
20/03/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
08/03/2018 Broker: BMO Capital Markets Rating: Buy New Target: $68.0 Maintain
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $72 Maintain
28/02/2018 Broker: Robert W. Baird Rating: Hold New Target: $55.0 Maintain
28/02/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $55 New Target: $61 Maintain
12/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $70.0 Maintain

More notable recent PepsiCo, Inc. (NASDAQ:PEP) news were published by: Seekingalpha.com which released: “Bert’s Recent Buy: PepsiCo” on May 06, 2018, also Seekingalpha.com with their article: “Recent Purchase: PepsiCo” published on April 27, 2018, Seekingalpha.com published: “PepsiCo reaffirms full-year profit guidance” on April 26, 2018. More interesting news about PepsiCo, Inc. (NASDAQ:PEP) were released by: Seekingalpha.com and their article: “May 2018 Stock Considerations” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Earnings Blockbusters And Trump Talks Drug Prices” with publication date: April 21, 2018.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo has $140.0 highest and $81 lowest target. $116.24’s average target is 18.33% above currents $98.23 stock price. PepsiCo had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Susquehanna on Thursday, July 6. Nomura upgraded PepsiCo, Inc. (NASDAQ:PEP) on Monday, November 23 to “Neutral” rating. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Overweight”. The firm earned “Buy” rating on Tuesday, July 21 by Sterne Agee CRT. Stifel Nicolaus maintained it with “Buy” rating and $106 target in Wednesday, October 7 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 5. The firm earned “Buy” rating on Tuesday, August 15 by Jefferies. Jefferies maintained the stock with “Buy” rating in Friday, September 30 report. The rating was downgraded by Sterne Agee CRT on Friday, February 26 to “Neutral”. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 7.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It dropped, as 63 investors sold PEP shares while 712 reduced holdings. 122 funds opened positions while 542 raised stakes. 958.76 million shares or 0.63% less from 964.87 million shares in 2017Q3 were reported. Boston Common Asset Mngmt Limited Liability Corp has 0.97% invested in PepsiCo, Inc. (NASDAQ:PEP). Smithfield Trust has 45,114 shares for 0.66% of their portfolio. Bradley Foster & Sargent Ct reported 457,872 shares or 1.99% of all its holdings. Bouchey Fin Ltd owns 1,782 shares. Peapack Gladstone Fincl has 1.87% invested in PepsiCo, Inc. (NASDAQ:PEP). Wade G W invested in 121,045 shares or 1.67% of the stock. First Fiduciary Investment Counsel holds 2% of its portfolio in PepsiCo, Inc. (NASDAQ:PEP) for 91,592 shares. Wellington Gru Limited Liability Partnership accumulated 0.8% or 30.02M shares. Tower Bridge holds 1.64% or 127,741 shares in its portfolio. Chilton Mgmt Lc invested in 0.94% or 85,621 shares. Ancora Advsrs Llc owns 92,468 shares for 0.59% of their portfolio. 2,625 were reported by Twin Tree Mgmt L P. Joel Isaacson And Company Limited Liability Company has invested 0.27% in PepsiCo, Inc. (NASDAQ:PEP). Tudor Investment Corp Et Al holds 0.02% or 5,451 shares in its portfolio. Cranbrook Wealth Mgmt Llc owns 3,066 shares or 0.15% of their US portfolio.

Washington Trust Bank decreased Blackrock Fund Advisors (PFF) stake by 9,406 shares to 6,123 valued at $233,000 in 2017Q4. It also reduced Ishares (EPP) stake by 8,534 shares and now owns 2,294 shares. Ishares (IVW) was reduced too.

More notable recent ONEOK, Inc. (NYSE:OKE) news were published by: 247Wallst.com which released: “Top Energy Stock Returns to Jefferies Franchise Picks List After Massive Deal” on May 07, 2018, also Seekingalpha.com with their article: “ONEOK, Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 02, 2018, Seekingalpha.com published: “Energy Infrastructure Earnings Rise With Volumes” on May 07, 2018. More interesting news about ONEOK, Inc. (NYSE:OKE) were released by: Fool.com and their article: “ONEOK Inc. Rockets Out of the Gate in 2018” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Midstream Wins, MLPs Pull Up Lame” with publication date: May 06, 2018.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company has market cap of $26.34 billion. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines divisions. It has a 49.67 P/E ratio. It owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart