Tillar Wenstrup Advisors LLC reduced its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,967 shares of the company’s stock after selling 204 shares during the quarter. Tillar Wenstrup Advisors LLC’s holdings in Pepsico were worth $2,191,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Barnett & Company Inc. boosted its position in shares of Pepsico by 270.4% during the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after acquiring an additional 657 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after acquiring an additional 165 shares in the last quarter. Millie Capital Management LLC acquired a new position in shares of Pepsico during the 1st quarter worth about $202,000. Proficio Capital Partners LLC boosted its position in shares of Pepsico by 114.2% during the 1st quarter. Proficio Capital Partners LLC now owns 1,810 shares of the company’s stock worth $210,000 after acquiring an additional 965 shares in the last quarter. Finally, Spectrum Management Group Inc. acquired a new position in shares of Pepsico during the 1st quarter worth about $205,000. 70.53% of the stock is owned by institutional investors and hedge funds.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The sale was disclosed in a legal filing 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 value of $2,370,328.99. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. Pepsico’s quarterly revenue was up 1.3% compared to the same quarter last year.
Several research firms have recently issued reports on PEP. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 target price (down from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets reissued a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Finally, Cowen and Company reissued a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico has an average rating of “Buy” and a consensus price target of $121.35.
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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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