Fifth Third Bancorp Has $96.43 Million Position in PepsiCo, Inc. (PEP)

Fifth Third Bancorp boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 862,537 shares of the company’s stock after purchasing an additional 5,337 shares during the period. Fifth Third Bancorp owned about 0.06% of PepsiCo worth $96,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Cognios Capital LLC boosted its stake in shares of PepsiCo by 8.7% in the 2nd quarter. Cognios Capital LLC now owns 19,976 shares of the company’s stock valued at $2,173,000 after purchasing an additional 1,591 shares in the last quarter. Cedar Capital LLC boosted its stake in shares of PepsiCo by 14.3% in the 2nd quarter. Cedar Capital LLC now owns 4,273 shares of the company’s stock valued at $465,000 after purchasing an additional 533 shares in the last quarter. Strategy Asset Managers LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at $565,000. Trust Co. of Virginia VA boosted its stake in shares of PepsiCo by 2.8% in the 2nd quarter. Trust Co. of Virginia VA now owns 89,259 shares of the company’s stock valued at $9,718,000 after purchasing an additional 2,445 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of PepsiCo by 0.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 118,646 shares of the company’s stock valued at $12,917,000 after purchasing an additional 929 shares in the last quarter. 70.17% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a research note on Wednesday, November 14th. Finally, UBS Group assumed coverage on shares of PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.12.

Shares of PEP opened at $113.02 on Monday. The firm has a market cap of $159.53 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.78 and a beta of 0.62. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.00.

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PepsiCo 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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