Capital Planning Advisors LLC held its stake in PepsiCo Inc. (NYSE:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,395 shares of the company’s stock at the end of the second quarter. Capital Planning Advisors LLC’s holdings in PepsiCo were worth $995,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of PEP. D. Scott Neal Inc. increased 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 in the last quarter. Piershale Financial Group Inc. increased its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares in the last quarter. Gradient Investments LLC increased its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares in the last quarter. Verus Financial Partners Inc. acquired a new stake in PepsiCo during the second quarter worth $201,000. Finally, Augustine Asset Management Inc. acquired a new stake in PepsiCo during the second quarter worth $201,000. Hedge funds and other institutional investors own 70.06% of the company’s stock.
PepsiCo Inc. (NYSE:PEP) traded up 0.86% during mid-day trading on Friday, reaching $106.83. The company had a trading volume of 4,788,606 shares. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94. The firm’s 50-day moving average is $106.69 and its 200-day moving average is $105.47. The firm has a market capitalization of $153.21 billion, a P/E ratio of 23.44 and a beta of 0.46.
PepsiCo (NYSE:PEP) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.08. The business had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.35 earnings per share. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $118.00 target price on shares of PepsiCo in a research note on Wednesday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Credit Agricole SA restated an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Finally, Vetr downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price on the stock. in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $113.68.
In other news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction dated Thursday, July 28th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.
PepsiCo Company Profile
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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