Bedrijfstakpensioenfonds Voor DE Media PNO held its stake in PepsiCo Inc. (NYSE:PEP) during the second quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the company’s stock at the end of the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in PepsiCo were worth $1,144,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. D. Scott Neal Inc. boosted its stake in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the period. Piershale Financial Group Inc. raised its stake in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Gradient Investments LLC raised its stake in shares of PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock valued at $162,000 after buying an additional 100 shares during the last quarter. Tiemann Investment Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $200,000. Finally, Augustine Asset Management Inc. purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $201,000. Institutional investors own 70.06% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.86% during trading on Friday, reaching $106.83. 4,788,606 shares of the company traded hands. The company has a 50-day moving average of $106.69 and a 200-day moving average of $105.47. PepsiCo Inc. has a 12 month low of $93.25 and a 12 month high of $110.94. The stock has a market capitalization of $153.21 billion, a PE ratio of 23.44 and a beta of 0.46.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm had revenue of $16 billion for the quarter. During the same period last year, the company posted $1.35 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Analysts forecast that PepsiCo Inc. will post $4.79 earnings per share for the current fiscal year.
PEP has been the topic of several analyst reports. Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price target on the stock in a research note on Wednesday, September 7th. Argus increased their price objective on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Jefferies Group restated a “buy” rating and issued a $119.00 price target on shares of PepsiCo in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG started coverage on shares of PepsiCo in a report on Thursday, September 15th. They set an “outperform” rating and a $121.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the sale, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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