Kelly Lawrence W & Associates Inc. CA reduced its holdings in Pepsico, Inc. (NYSE:PEP) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,826 shares of the company’s stock after selling 3,215 shares during the quarter. Pepsico comprises 3.4% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 7th biggest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in Pepsico were worth $17,304,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC acquired a new position in Pepsico during the first quarter worth $254,277,000. Harbour Capital Advisors LLC raised its holdings in Pepsico by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after purchasing an additional 2,164,557 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Pepsico by 92.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after purchasing an additional 1,593,550 shares during the last quarter. Karp Capital Management Corp acquired a new position in Pepsico during the first quarter worth $112,080,000. Finally, Pioneer Investment Management Inc. raised its holdings in Pepsico by 19.9% during the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after purchasing an additional 733,294 shares during the last quarter. 70.53% of the stock is owned by institutional investors and hedge funds.
Shares of Pepsico, Inc. (NYSE:PEP) opened at $110.22 on Monday. The company has a market capitalization of $156,748.59, a price-to-earnings ratio of 21.53, a PEG ratio of 3.00 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico, Inc. has a 1 year low of $98.50 and a 1 year high of $119.39.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. analysts expect that Pepsico, Inc. will post 5.22 EPS for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $116.00 price objective on shares of Pepsico in a report on Friday, October 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $122.00 price objective (down from $125.00) on shares of Pepsico in a report on Friday, October 6th. Credit Suisse Group reissued a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating and set a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $121.35.
In other news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.
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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