WealthTrust Axiom LLC Trims Stake in Pepsico, Inc. (PEP)

WealthTrust Axiom LLC lowered its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,591 shares of the company’s stock after selling 199 shares during the quarter. WealthTrust Axiom LLC’s holdings in Pepsico were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Grove Bank & Trust grew its stake in shares of Pepsico by 41.6% during the 2nd quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock valued at $1,313,000 after acquiring an additional 3,339 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Pepsico by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after acquiring an additional 265 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Pepsico by 3.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after acquiring an additional 2,905 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Pepsico by 13.3% during the 1st quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock valued at $161,137,000 after acquiring an additional 169,049 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in shares of Pepsico by 0.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 168,529 shares of the company’s stock valued at $19,653,000 after acquiring an additional 491 shares during the period. 70.53% of the stock is owned by hedge funds and other institutional investors.

In other 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 sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for 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 business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share.

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A number of research analysts recently issued reports on PEP shares. Jefferies Group LLC reiterated a “buy” rating and set a $130.00 price objective (up from $127.00) on shares of Pepsico in a research note on Thursday, July 6th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Friday, July 14th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Cowen and Company reiterated a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research note on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $121.35.

About Pepsico

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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