Commonwealth Equity Services LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592,896 shares of the company’s stock after acquiring an additional 17,754 shares during the period. Commonwealth Equity Services LLC’s holdings in PepsiCo were worth $64,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp lifted its holdings in PepsiCo by 5.3% in the 1st quarter. Fiera Capital Corp now owns 3,512,114 shares of the company’s stock valued at $383,347,000 after purchasing an additional 177,748 shares in the last quarter. Fort Point Capital Partners LLC lifted its holdings in PepsiCo by 53.2% in the 4th quarter. Fort Point Capital Partners LLC now owns 3,683 shares of the company’s stock valued at $444,000 after purchasing an additional 1,279 shares in the last quarter. Bruderman Asset Management LLC lifted its holdings in PepsiCo by 3.9% in the 1st quarter. Bruderman Asset Management LLC now owns 59,583 shares of the company’s stock valued at $6,503,000 after purchasing an additional 2,255 shares in the last quarter. Patriot Wealth Management Inc. lifted its holdings in PepsiCo by 3.1% in the 2nd quarter. Patriot Wealth Management Inc. now owns 43,785 shares of the company’s stock valued at $4,767,000 after purchasing an additional 1,297 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in PepsiCo by 2.9% in the 2nd quarter. World Asset Management Inc now owns 102,760 shares of the company’s stock valued at $11,187,000 after purchasing an additional 2,917 shares in the last quarter. Institutional investors and hedge funds own 70.45% of the company’s stock.

In related news, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the sale, the chief executive officer now owns 130,135 shares in the company, valued at $13,897,116.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. BMO Capital Markets cut their price objective on PepsiCo from $110.00 to $109.00 and set a “market perform” rating for the company in a research report on Wednesday, October 3rd. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Macquarie downgraded PepsiCo from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $122.00 to $107.00 in a research report on Friday, October 5th. Finally, Guggenheim initiated coverage on PepsiCo in a research report on Thursday, September 13th. They set a “neutral” rating and a $117.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average price target of $117.89.

Shares of PEP traded up $0.22 during midday trading on Friday, hitting $105.28. The company had a trading volume of 4,352,394 shares, compared to its average volume of 5,014,748. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.09 and a current ratio of 1.24. The stock has a market capitalization of $158.12 billion, a PE ratio of 20.13, a PEG ratio of 2.63 and a beta of 0.67. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The firm had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. Analysts predict that PepsiCo, Inc. will post 5.69 EPS for the current year.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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