Robinson Value Management Ltd. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,570 shares of the company’s stock, valued at approximately $171,000.
A number of other institutional investors have also recently modified their holdings of PEP. HC Financial Advisors Inc. acquired a new position in PepsiCo in the fourth quarter worth $1,040,000. Northern Capital Management LLC boosted its holdings in PepsiCo by 4.2% in the first quarter. Northern Capital Management LLC now owns 18,741 shares of the company’s stock worth $2,046,000 after purchasing an additional 750 shares during the period. Teacher Retirement System of Texas boosted its holdings in PepsiCo by 25.0% in the first quarter. Teacher Retirement System of Texas now owns 1,196,270 shares of the company’s stock worth $130,573,000 after purchasing an additional 239,327 shares during the period. Waters Parkerson & CO. LLC boosted its holdings in PepsiCo by 5.2% in the first quarter. Waters Parkerson & CO. LLC now owns 197,886 shares of the company’s stock worth $21,599,000 after purchasing an additional 9,731 shares during the period. Finally, Payden & Rygel boosted its holdings in PepsiCo by 1,226.7% in the first quarter. Payden & Rygel now owns 19,900 shares of the company’s stock worth $2,172,000 after purchasing an additional 18,400 shares during the period. 70.70% of the stock is owned by institutional investors.
In related news, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the sale, the executive vice president now directly owns 173,702 shares in the company, valued at $19,128,064.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the sale, the executive vice president now owns 59,133 shares in the company, valued at $6,326,639.67. The disclosure for this sale can be found here. Insiders sold 185,819 shares of company stock worth $20,406,438 over the last quarter. 0.27% of the stock is currently owned by company insiders.
PEP stock opened at $111.51 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $160.59 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.85 and a beta of 0.67. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 5.65 EPS for the current year.
A number of equities analysts have commented on PEP shares. Macquarie set a $122.00 price objective on shares of PepsiCo and gave the stock an “outperform” rating in a report on Friday, September 28th. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Morgan Stanley lifted their price objective on shares of PepsiCo from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Finally, Deutsche Bank decreased their price objective on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $117.89.
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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