Accredited Investors Inc. raised its position in shares of Pepsico, Inc. (NYSE:PEP) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,124 shares of the company’s stock after buying an additional 67 shares during the quarter. Accredited Investors Inc.’s holdings in Pepsico were worth $707,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tortoise Investment Management LLC raised its stake in Pepsico by 13.8% during the second quarter. Tortoise Investment Management LLC now owns 4,493 shares of the company’s stock valued at $519,000 after buying an additional 545 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Pepsico by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 253,517 shares of the company’s stock valued at $29,279,000 after buying an additional 7,822 shares in the last quarter. Signature Financial Management Inc. raised its stake in Pepsico by 27.3% during the second quarter. Signature Financial Management Inc. now owns 5,369 shares of the company’s stock valued at $620,000 after buying an additional 1,151 shares in the last quarter. 440 Investment Group LLC raised its stake in Pepsico by 4.4% during the second quarter. 440 Investment Group LLC now owns 23,728 shares of the company’s stock valued at $2,740,000 after buying an additional 1,000 shares in the last quarter. Finally, Moller Financial Services acquired a new stake in Pepsico during the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 70.54% of the company’s stock.
Pepsico, Inc. (NYSE PEP) opened at $115.76 on Wednesday. Pepsico, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The stock has a market capitalization of $162,181.19, a P/E ratio of 22.27, a P/E/G ratio of 3.10 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.
Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
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PEP has been the topic of several research reports. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, August 22nd. Credit Suisse Group cut Pepsico from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Jefferies Group LLC cut Pepsico from a “buy” rating to a “hold” rating and cut their price objective for the company from $133.00 to $108.00 in a research note on Monday, October 2nd. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Pepsico presently has a consensus rating of “Buy” and a consensus price target of $121.35.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.
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).
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