Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of PepsiCo Inc. (NYSE:PEP) by 1.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,666 shares of the company’s stock after buying an additional 140 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in PepsiCo were worth $1,227,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in PEP. Wellington Management Group LLP boosted its stake in PepsiCo by 40.9% in the first quarter. Wellington Management Group LLP now owns 21,691,078 shares of the company’s stock valued at $2,222,902,000 after buying an additional 6,297,861 shares during the last quarter. Bank of Montreal Can bought a new position in PepsiCo during the second quarter valued at $519,379,000. Emerald Acquisition Ltd. bought a new position in PepsiCo during the second quarter valued at $370,675,000. Renaissance Technologies LLC raised its position in PepsiCo by 108.4% in the first quarter. Renaissance Technologies LLC now owns 3,729,062 shares of the company’s stock valued at $382,154,000 after buying an additional 1,940,000 shares during the period. Finally, State Street Corp raised its position in PepsiCo by 1.5% in the first quarter. State Street Corp now owns 58,107,763 shares of the company’s stock valued at $5,954,891,000 after buying an additional 860,005 shares during the period. 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. The stock has a 50-day moving average of $106.69 and a 200 day moving average of $105.47. The company has a market capitalization of $153.21 billion, a price-to-earnings ratio of 23.44 and a beta of 0.46. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94.
PepsiCo (NYSE:PEP) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping 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 firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 EPS. On average, analysts expect that PepsiCo Inc. will post $4.79 EPS for the current year.
Several research analysts have weighed in on PEP shares. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $104.00 price target (down previously from $105.00) on shares of PepsiCo in a research report on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating and set a $119.00 price target on shares of PepsiCo in a research report on Wednesday, June 29th. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target on the stock. in a research report on Wednesday, June 29th. Finally, Deutsche Bank AG boosted their price target on PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total value of $5,487,000.10. Following the transaction, the executive vice president now owns 164,464 shares in the company, valued at $17,646,987.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.
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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