PepsiCo, Inc. (PEP) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,754 shares of the company’s stock after buying an additional 1,529 shares during the period. PepsiCo makes up approximately 1.1% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 27th biggest position. Sunbelt Securities Inc.’s holdings in PepsiCo were worth $1,985,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. New England Asset Management Inc. lifted its holdings in shares of PepsiCo by 4.7% during the 2nd quarter. New England Asset Management Inc. now owns 41,126 shares of the company’s stock valued at $4,478,000 after buying an additional 1,850 shares during the period. Palo Capital Inc. bought a new position in shares of PepsiCo during the 3rd quarter valued at $1,012,000. Global Financial Private Capital LLC lifted its holdings in shares of PepsiCo by 11.9% during the 3rd quarter. Global Financial Private Capital LLC now owns 73,224 shares of the company’s stock valued at $8,186,000 after buying an additional 7,814 shares during the period. Bank of Montreal Can lifted its holdings in shares of PepsiCo by 19.9% during the 3rd quarter. Bank of Montreal Can now owns 3,227,392 shares of the company’s stock valued at $360,823,000 after buying an additional 536,023 shares during the period. Finally, Fundsmith Equity Fund L.P. bought a new position in shares of PepsiCo during the 2nd quarter valued at $836,330,000. 72.59% of the stock is owned by institutional investors.

NASDAQ:PEP opened at $113.79 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $159.56 billion, a PE ratio of 21.76, a P/E/G ratio of 2.78 and a beta of 0.62. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.00.

PEP has been the topic of several research analyst reports. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine cut PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Finally, UBS Group initiated coverage on PepsiCo in a report on Thursday, December 13th. They set a “neutral” rating and a $123.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $117.12.

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PepsiCo Company 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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