Legacy Private Trust Co. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,377 shares of the company’s stock after selling 155 shares during the period. Legacy Private Trust Co.’s holdings in PepsiCo were worth $1,011,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. West Oak Capital LLC boosted its stake in shares of PepsiCo by 0.5% in the third quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after buying an additional 75 shares in the last quarter. Stillwater Investment Management LLC raised its stake in PepsiCo by 0.5% during the 3rd quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock worth $2,086,000 after acquiring an additional 79 shares during the period. Stuart Chaussee & Associates Inc. raised its stake in PepsiCo by 18.8% during the 2nd quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock worth $66,000 after acquiring an additional 80 shares during the period. Sigma Investment Counselors Inc. raised its stake in PepsiCo by 2.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after acquiring an additional 82 shares during the period. Finally, Alera Investment Advisors LLC raised its stake in PepsiCo by 3.5% during the 2nd quarter. Alera Investment Advisors LLC now owns 2,471 shares of the company’s stock worth $324,000 after acquiring an additional 84 shares during the period. 71.46% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the company. Atlantic Securities assumed coverage on PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 target price for the company. SunTrust Banks restated a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. Credit Suisse Group raised their target price on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research report on Friday, October 4th. Guggenheim set a $130.00 target price on PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. PepsiCo currently has an average rating of “Hold” and a consensus target price of $135.53.
PEP stock traded up $0.10 during midday trading on Friday, reaching $137.99. 329,344 shares of the company’s stock traded hands, compared to its average volume of 4,508,839. The company has a 50-day moving average price of $135.89 and a two-hundred day moving average price of $130.57. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $140.45. The firm has a market capitalization of $191.37 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.
In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.
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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