Cheviot Value Management LLC Grows Position in PepsiCo, Inc. (PEP)

Cheviot Value Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,801 shares of the company’s stock after purchasing an additional 1,715 shares during the quarter. PepsiCo comprises 1.4% of Cheviot Value Management LLC’s investment portfolio, making the stock its 23rd largest holding. Cheviot Value Management LLC’s holdings in PepsiCo were worth $2,809,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. WP Advisors LLC acquired a new position in PepsiCo in the 2nd quarter valued at $118,000. Well Done LLC acquired a new position in PepsiCo in the 1st quarter valued at $125,000. Atlas Capital Advisors LLC increased its stake in PepsiCo by 85.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after buying an additional 600 shares during the period. Independent Order of Foresters acquired a new position in shares of PepsiCo during the 2nd quarter worth $152,000. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $154,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of PepsiCo in a research note on Friday, October 5th. Macquarie cut shares of PepsiCo from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $122.00 to $107.00 in a research note on Friday, October 5th. Finally, Deutsche Bank lowered their price target on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $117.89.

Shares of NASDAQ PEP opened at $111.17 on Friday. The stock has a market capitalization of $160.59 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. The firm had revenue of $16.49 billion for the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total value of $2,256,719.08. Following the transaction, the chief executive officer now directly owns 35,520 shares in the company, valued at approximately $3,993,158.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the transaction, the chief executive officer now owns 130,135 shares in the company, valued at $13,897,116.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 205,893 shares of company stock worth $22,663,157. 0.27% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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