PepsiCo, Inc. (PEP) Shares Sold by Gould Asset Management LLC CA

Gould Asset Management LLC CA lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,455 shares of the company’s stock after selling 900 shares during the quarter. PepsiCo comprises 0.6% of Gould Asset Management LLC CA’s investment portfolio, making the stock its 25th largest position. Gould Asset Management LLC CA’s holdings in PepsiCo were worth $1,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. HC Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at $1,040,000. BTC Capital Management Inc. grew its stake in shares of PepsiCo by 21.5% during the 1st quarter. BTC Capital Management Inc. now owns 28,615 shares of the company’s stock valued at $3,123,000 after buying an additional 5,069 shares during the period. Smith Salley & Associates grew its stake in shares of PepsiCo by 1.3% during the 1st quarter. Smith Salley & Associates now owns 57,968 shares of the company’s stock valued at $6,327,000 after buying an additional 732 shares during the period. Personal Capital Advisors Corp grew its stake in shares of PepsiCo by 32.4% during the 1st quarter. Personal Capital Advisors Corp now owns 54,759 shares of the company’s stock valued at $5,977,000 after buying an additional 13,409 shares during the period. Finally, Chicago Capital LLC purchased a new stake in shares of PepsiCo during the 1st quarter valued at $1,338,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction on 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 owns 35,520 shares in the company, valued at approximately $3,993,158.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was 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 approximately $13,897,116.65. The disclosure for this sale can be found here. Insiders sold a total of 205,893 shares of company stock worth $22,663,157 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Shares of PepsiCo stock opened at $115.21 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.51. The firm has a market cap of $156.92 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

PEP has been the subject of several research reports. 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 decreased their price target on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. JPMorgan Chase & Co. set a $128.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Citigroup upped their price target on shares of PepsiCo from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Finally, Cfra set a $129.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a research report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.89.

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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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