Loeb Partners Corp Has $5.26 Million Stake in Pepsico, Inc. (PEP)

Loeb Partners Corp boosted its stake in Pepsico, Inc. (NYSE:PEP) by 7.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,500 shares of the company’s stock after buying an additional 2,970 shares during the period. Pepsico accounts for 1.5% of Loeb Partners Corp’s portfolio, making the stock its 22nd biggest holding. Loeb Partners Corp’s holdings in Pepsico were worth $5,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. grew its position in Pepsico by 4.0% in the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after buying an additional 265 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Pepsico by 13.3% during the 1st quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock valued at $161,137,000 after purchasing an additional 169,049 shares in the last quarter. Westpac Banking Corp boosted its position in shares of Pepsico by 7.8% during the 1st quarter. Westpac Banking Corp now owns 209,821 shares of the company’s stock valued at $22,373,000 after purchasing an additional 15,215 shares in the last quarter. Wright Investors Service Inc. boosted its position in shares of Pepsico by 69.2% during the 2nd quarter. Wright Investors Service Inc. now owns 22,280 shares of the company’s stock valued at $2,573,000 after purchasing an additional 9,110 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its position in shares of Pepsico by 80.4% during the 2nd quarter. Gilbert & Cook Inc. now owns 4,744 shares of the company’s stock valued at $548,000 after purchasing an additional 2,115 shares in the last quarter. Hedge funds and other institutional investors own 70.31% of the company’s stock.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Susquehanna Bancshares Inc restated a “positive” rating and set a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research report on Friday, June 30th. Finally, Credit Suisse Group raised their price objective on shares of Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Pepsico presently has an average rating of “Buy” and an average target price of $121.35.

Pepsico, Inc. (PEP) opened at 110.73 on Friday. The company has a market cap of $157.47 billion, a price-to-earnings ratio of 22.88 and a beta of 0.68. The company’s 50-day moving average is $112.46 and its 200 day moving average is $114.72. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.

In related news, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

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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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