Northwestern Mutual Wealth Management Co. Boosts Position in PepsiCo, Inc. (PEP)

Northwestern Mutual Wealth Management Co. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,211 shares of the company’s stock after acquiring an additional 8,800 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PepsiCo were worth $29,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WP Advisors LLC purchased a new position in shares of PepsiCo in the 2nd quarter valued at about $118,000. Well Done LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at about $125,000. Atlas Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 600 shares during the last quarter. Independent Order of Foresters purchased a new position in shares of PepsiCo in the 2nd quarter valued at about $152,000. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at about $154,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Mike Spanos sold 20,074 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total transaction of $2,256,719.08. Following the transaction, the chief executive officer now owns 35,520 shares in the company, valued at approximately $3,993,158.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mehmood Khan sold 168,295 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total value of $18,532,645.40. Following the transaction, the executive vice president now owns 173,702 shares in the company, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. Insiders have sold a total of 205,893 shares of company stock worth $22,663,157 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

NASDAQ:PEP opened at $111.17 on Friday. The company has a market cap of $160.59 billion, a P/E ratio of 21.26, a PEG ratio of 2.85 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 52-week low of $95.94 and a 52-week high of $122.51.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $16.49 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.48 EPS. On average, research analysts expect that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

PEP has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective on PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a report on Wednesday, October 3rd. Macquarie downgraded PepsiCo from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $122.00 to $107.00 in a report on Friday, October 5th. Susquehanna Bancshares dropped their price objective on PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a report on Friday, September 28th. Morgan Stanley reiterated an “overweight” rating on shares of PepsiCo in a report on Friday, October 5th. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $108.00 price objective on shares of PepsiCo in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.89.

PepsiCo 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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