Mawer Investment Management Ltd. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,094,927 shares of the company’s stock after acquiring an additional 13,489 shares during the period. Mawer Investment Management Ltd. owned 0.08% of PepsiCo worth $119,190,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HC Financial Advisors Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $1,040,000. Capital Advisors Inc. OK raised its position in shares of PepsiCo by 1.1% during the 1st quarter. Capital Advisors Inc. OK now owns 139,403 shares of the company’s stock worth $15,216,000 after buying an additional 1,515 shares in the last quarter. ARS Investment Partners LLC raised its position in shares of PepsiCo by 2.7% during the 1st quarter. ARS Investment Partners LLC now owns 43,202 shares of the company’s stock worth $4,715,000 after buying an additional 1,130 shares in the last quarter. Busey Trust CO raised its position in shares of PepsiCo by 3.5% during the 1st quarter. Busey Trust CO now owns 158,912 shares of the company’s stock worth $17,346,000 after buying an additional 5,407 shares in the last quarter. Finally, Wade G W & Inc. raised its holdings in shares of PepsiCo by 3.1% in the 1st quarter. Wade G W & Inc. now owns 124,739 shares of the company’s stock worth $13,615,000 after purchasing an additional 3,694 shares in the last quarter. 70.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on PEP shares. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Deutsche Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price on the stock. in a report on Tuesday, July 3rd. TheStreet upgraded shares of PepsiCo from a “c+” rating to a “b-” rating in a report on Friday, July 6th. Finally, ValuEngine upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $117.89.
PepsiCo stock opened at $110.29 on Friday. The company has a market capitalization of $152.89 billion, a PE ratio of 21.09, a PEG ratio of 2.71 and a beta of 0.67. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.51.
PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.
In other news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the transaction, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the transaction, the executive vice president now directly owns 59,133 shares in the company, valued at $6,326,639.67. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
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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