Murphy Capital Management Inc. Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

Murphy Capital Management Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,541 shares of the company’s stock after acquiring an additional 909 shares during the quarter. Murphy Capital Management Inc.’s holdings in PepsiCo were worth $6,792,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Personal Wealth Partners acquired a new stake in shares of PepsiCo in the 2nd quarter worth $25,000. Krane Funds Advisors LLC acquired a new stake in PepsiCo during the 2nd quarter worth about $25,000. Evolution Wealth Advisors LLC acquired a new stake in PepsiCo during the 2nd quarter worth about $27,000. Financial Advantage Inc. acquired a new stake in PepsiCo during the 2nd quarter worth about $28,000. Finally, Mackey Komara & Dankovich LLC lifted its position in PepsiCo by 199.0% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after acquiring an additional 571 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.

Shares of PEP stock traded up $0.41 on Friday, hitting $138.30. The company had a trading volume of 136,634 shares, compared to its average volume of 4,508,839. The firm has a market cap of $191.37 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56. The company has a 50-day moving average price of $135.89 and a 200-day moving average price of $130.57. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $140.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current year.

In related news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.

A number of analysts have commented on the company. Deutsche Bank lifted their price target on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Credit Suisse Group lifted their price target on PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price target on PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 price target (up previously from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. PepsiCo has a consensus rating of “Hold” and a consensus target price of $135.53.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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