Bremer Trust National Association boosted its position in PepsiCo Inc. (NYSE:PEP) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,108 shares of the company’s stock after buying an additional 50 shares during the period. Bremer Trust National Association’s holdings in PepsiCo were worth $859,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. D. Scott Neal Inc. increased its position in shares of 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 last quarter. Piershale Financial Group Inc. increased its position 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 worth $106,000 after buying an additional 4 shares during the last quarter. Gradient Investments LLC increased its position in shares of 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 during the last quarter. Tiemann Investment Advisors LLC purchased a new position in shares of PepsiCo during the first quarter worth approximately $200,000. Finally, Augustine Asset Management Inc. purchased a new position in shares of PepsiCo during the second quarter worth approximately $201,000. Institutional investors own 70.06% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.86% on Friday, reaching $106.83. 4,788,606 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $106.69 and its 200-day moving average price is $105.47. The company has a market capitalization of $153.21 billion, a P/E 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 issued its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping the 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 quarter last year, the firm posted $1.35 earnings per share. PepsiCo’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo Inc. will post $4.79 EPS for the current year.
A number of equities analysts have commented on PEP shares. Deutsche Bank AG upped their price objective on shares of PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 8th. Jefferies Group reiterated a “buy” rating and issued a $124.00 price target (up previously from $119.00) on shares of PepsiCo in a report on Wednesday, July 6th. Argus increased their price target 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 upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a report on Tuesday, June 21st. Finally, Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price target for the company in a report on Wednesday, September 7th. One investment 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 stock currently has an average rating of “Buy” and an average target price of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the sale, the executive vice president now directly owns 164,464 shares in the company, valued at $17,646,987.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is currently 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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