PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 909,732 shares of the company’s stock after purchasing an additional 17,511 shares during the period. PepsiCo comprises approximately 0.7% of United Capital Financial Advisers LLC’s holdings, making the stock its 26th largest position. United Capital Financial Advisers LLC’s holdings in PepsiCo were worth $134,795,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Paragon Wealth Strategies LLC purchased a new position in PepsiCo in the second quarter valued at about $30,000. Cowen Prime Advisors LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $34,000. Financial Insights Inc. purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $36,000. AGF Investments LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $37,000. Finally, Twin Lakes Capital Management LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

PEP stock traded up $1.37 during trading on Thursday, reaching $159.36. The stock had a trading volume of 170,048 shares, compared to its average volume of 4,897,530. PepsiCo, Inc. has a 1-year low of $128.32 and a 1-year high of $159.63. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $220.34 billion, a P/E ratio of 26.92, a PEG ratio of 2.96 and a beta of 0.60. The firm has a fifty day moving average price of $155.19 and a 200 day moving average price of $150.35.

PepsiCo (NASDAQ:PEP) last released its earnings results on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.06. The company had revenue of $20.19 billion during the quarter, compared to the consensus estimate of $19.39 billion. PepsiCo had a net margin of 11.01% and a return on equity of 59.56%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 6.24 EPS for the current year.

PEP has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on shares of PepsiCo from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 14th. Royal Bank of Canada lifted their target price on shares of PepsiCo from $153.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 14th. Cowen reaffirmed a “buy” rating and issued a $165.00 target price on shares of PepsiCo in a research note on Friday, July 9th. Barclays lifted their target price on shares of PepsiCo from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, October 7th. Finally, UBS Group lifted their target price on shares of PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $162.86.

In related news, SVP Marie T. Gallagher sold 7,409 shares of the business’s stock in a transaction dated Monday, July 19th. The shares were sold at an average price of $155.70, for a total transaction of $1,153,581.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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