PepsiCo, Inc. (NASDAQ:PEP) is BRYN MAWR TRUST Co’s 5th Largest Position

BRYN MAWR TRUST Co trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 250,340 shares of the company’s stock after selling 1,482 shares during the period. PepsiCo comprises about 1.9% of BRYN MAWR TRUST Co’s portfolio, making the stock its 5th largest holding. BRYN MAWR TRUST Co’s holdings in PepsiCo were worth $34,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norris Perne & French LLP MI grew its holdings in PepsiCo by 1.9% in the third quarter. Norris Perne & French LLP MI now owns 16,169 shares of the company’s stock worth $2,217,000 after purchasing an additional 301 shares during the period. Capital Advisors Ltd. LLC grew its holdings in PepsiCo by 2.5% in the third quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock worth $429,000 after purchasing an additional 76 shares during the period. Hollencrest Capital Management purchased a new stake in PepsiCo in the third quarter worth about $210,000. Rhumbline Advisers grew its holdings in PepsiCo by 1.9% in the third quarter. Rhumbline Advisers now owns 2,552,954 shares of the company’s stock worth $350,010,000 after purchasing an additional 47,803 shares during the period. Finally, Clean Yield Group grew its holdings in PepsiCo by 14.7% in the third quarter. Clean Yield Group now owns 25,720 shares of the company’s stock worth $3,526,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 71.66% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, the chief executive officer now owns 105,350 shares in the company, valued at $13,500,602.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

NASDAQ:PEP opened at $137.89 on Friday. The company’s 50 day moving average price is $136.66 and its 200-day moving average price is $131.64. PepsiCo, Inc. has a 52 week low of $105.03 and a 52 week high of $140.45. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. The stock has a market cap of $190.56 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.55 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

PEP has been the topic of a number of recent research reports. Atlantic Securities initiated coverage on shares of PepsiCo in a report on Monday, July 29th. They issued an “overweight” rating and a $145.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Bank of America upped their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Deutsche Bank upped their price objective on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley upped their price objective on shares of PepsiCo from $149.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.53.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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