Parkwood LLC boosted its position in shares of PepsiCo Inc. (NYSE:PEP) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,243 shares of the company’s stock after buying an additional 4,884 shares during the period. PepsiCo accounts for 0.8% of Parkwood LLC’s investment portfolio, making the stock its 18th largest position. Parkwood LLC’s holdings in PepsiCo were worth $5,005,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Rosenbaum Jay D. raised its stake in shares of PepsiCo by 5.5% in the first quarter. Rosenbaum Jay D. now owns 12,372 shares of the company’s stock valued at $1,268,000 after buying an additional 642 shares during the last quarter. Moreno Evelyn V raised its stake in shares of PepsiCo by 2.6% in the first quarter. Moreno Evelyn V now owns 46,085 shares of the company’s stock valued at $4,723,000 after buying an additional 1,155 shares during the last quarter. Tompkins Financial Corp raised its stake in shares of PepsiCo by 6.6% in the first quarter. Tompkins Financial Corp now owns 35,953 shares of the company’s stock valued at $3,684,000 after buying an additional 2,232 shares during the last quarter. Stokes & Hubbell Capital Management LLC raised its stake in shares of PepsiCo by 1.2% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 58,153 shares of the company’s stock valued at $5,959,000 after buying an additional 670 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL raised its stake in shares of PepsiCo by 12.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 83,975 shares of the company’s stock valued at $8,606,000 after buying an additional 9,617 shares during the last quarter. Institutional investors own 70.04% of the company’s stock.
PepsiCo Inc. (NYSE:PEP) traded up 0.09% during midday trading on Tuesday, hitting $106.95. The stock had a trading volume of 3,850,027 shares. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94. The firm has a 50 day moving average price of $106.64 and a 200 day moving average price of $105.58. The stock has a market cap of $153.39 billion, a PE ratio of 23.46 and a beta of 0.46.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data 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. The business earned $16 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Equities analysts expect that PepsiCo Inc. will post $4.79 EPS for the current year.
PEP has been the subject of several research analyst reports. Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 target price for the company in a research report on Wednesday, September 7th. Argus lifted their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Jefferies Group reissued a “buy” rating and set a $119.00 price target on shares of PepsiCo in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG began coverage on shares of PepsiCo in a research note on Thursday, September 15th. They set an “outperform” rating and a $121.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. PepsiCo presently has a consensus rating of “Buy” and an average price target of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 164,464 shares in the company, valued at $17,646,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is owned by company insiders.
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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