Halsey Associates Inc. CT grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,360 shares of the company’s stock after acquiring an additional 2,212 shares during the quarter. PepsiCo comprises 2.7% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 13th largest position. Halsey Associates Inc. CT’s holdings in PepsiCo were worth $14,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. WP Advisors LLC purchased a new position in shares of PepsiCo during the second quarter valued at approximately $118,000. Well Done LLC purchased a new stake in PepsiCo in the first quarter worth $125,000. Fort L.P. purchased a new stake in PepsiCo in the second quarter worth $125,000. Atlas Capital Advisors LLC grew its stake in PepsiCo by 85.7% in the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock worth $149,000 after purchasing an additional 600 shares during the period. Finally, Independent Order of Foresters purchased a new stake in PepsiCo in the second quarter worth $152,000. Hedge funds and other institutional investors own 70.58% of the company’s stock.

Shares of NASDAQ:PEP traded down $1.02 during midday trading on Friday, reaching $115.82. 4,555,959 shares of the company’s stock traded hands, compared to its average volume of 3,996,113. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.51. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. The company has a market cap of $164.93 billion, a P/E ratio of 22.15, a PEG ratio of 2.92 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The company had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. PepsiCo’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 7th will be issued a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, December 6th. PepsiCo’s dividend payout ratio is 70.94%.

Several equities research analysts recently weighed in on PEP shares. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Macquarie set a $122.00 price target on PepsiCo and gave the stock an “outperform” rating in a research note on Friday, September 28th. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Finally, Deutsche Bank dropped their target price on PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.89.

In other PepsiCo news, EVP David Yawman sold 12,024 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total value of $1,286,447.76. Following the transaction, the executive vice president now owns 59,133 shares of the company’s stock, valued at $6,326,639.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Spanos sold 20,074 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the sale, the chief executive officer now owns 35,520 shares of the company’s stock, valued at approximately $3,993,158.40. The disclosure for this sale can be found here. In the last three months, insiders sold 205,893 shares of company stock worth $22,663,157. 0.27% of the stock is owned by corporate insiders.

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PepsiCo Company 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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