Donaldson Capital Management LLC Has $285,000 Position in Pepsico, Inc. (PEP)

Donaldson Capital Management LLC reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,469 shares of the company’s stock after selling 191 shares during the quarter. Donaldson Capital Management LLC’s holdings in Pepsico were worth $285,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Pepsico by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after buying an additional 238,221 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Pepsico by 5.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after buying an additional 277,607 shares during the period. APG Asset Management N.V. raised its holdings in shares of Pepsico by 0.9% during the 2nd quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after buying an additional 43,100 shares during the period. Pioneer Investment Management Inc. raised its holdings in shares of Pepsico by 2.1% during the 2nd quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after buying an additional 91,851 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Pepsico by 7.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after buying an additional 306,065 shares during the period. Institutional investors and hedge funds own 70.54% of the company’s stock.

Several equities research analysts recently commented on the company. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, August 22nd. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $120.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.35.

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In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Pepsico, Inc. (NYSE:PEP) opened at $115.23 on Friday. The company has a market capitalization of $163,688.66, a P/E ratio of 22.48, a PEG ratio of 3.13 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 12-month low of $98.50 and a 12-month high of $119.39.

Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.43 by $0.05. The company had revenue of $16.24 billion during 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 quarter last year, the firm earned $1.40 EPS. research analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current year.

Pepsico Profile

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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