Valicenti Advisory Services Inc. Has $4.59 Million Stake in Pepsico, Inc. (PEP)

Valicenti Advisory Services Inc. lessened its position in Pepsico, Inc. (NYSE:PEP) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,728 shares of the company’s stock after selling 334 shares during the period. Pepsico comprises 2.5% of Valicenti Advisory Services Inc.’s portfolio, making the stock its 11th largest holding. Valicenti Advisory Services Inc.’s holdings in Pepsico were worth $4,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Sanders Capital LLC bought a new position in shares of Pepsico in the first quarter worth approximately $254,277,000. Canada Pension Plan Investment Board lifted its stake in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after buying an additional 1,593,550 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Pepsico in the first quarter worth approximately $112,080,000. Pioneer Investment Management Inc. lifted its stake in shares of Pepsico by 19.9% in the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after buying an additional 733,294 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Pepsico by 73.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,539,600 shares of the company’s stock worth $172,220,000 after buying an additional 650,000 shares in the last quarter. Hedge funds and other institutional investors own 70.17% of the company’s stock.

In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the sale, the executive vice president now directly owns 174,273 shares in the company, valued at approximately $20,283,634.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 919,613 shares of company stock valued at $106,956,258. Company insiders own 0.26% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a research note on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research note on Wednesday, September 6th. Credit Suisse Group reiterated a “hold” rating and issued a $122.00 target price (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $133.00 target price (up previously from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $121.80.

Shares of Pepsico, Inc. (PEP) opened at 112.45 on Friday. The stock has a market capitalization of $159.92 billion, a PE ratio of 23.24 and a beta of 0.68. The firm’s 50-day moving average is $113.36 and its 200-day moving average is $114.71. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. During the same period in the previous year, the business posted $1.40 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts expect that Pepsico, Inc. will post $5.23 earnings per share for the current fiscal year.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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