Peoples Financial Services CORP. maintained its stake in PepsiCo Inc. (NYSE:PEP) during the second quarter, Holdings Channel reports. The firm owned 38,238 shares of the company’s stock at the end of the second quarter. PepsiCo accounts for 2.5% of Peoples Financial Services CORP.’s portfolio, making the stock its 8th largest position. Peoples Financial Services CORP.’s holdings in PepsiCo were worth $4,051,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. D. Scott Neal Inc. raised its stake in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares in the last quarter. Piershale Financial Group Inc. raised 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 valued at $106,000 after buying an additional 4 shares in the last quarter. Gradient Investments LLC raised its stake in 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 in the last quarter. Tiemann Investment Advisors LLC purchased a new position in shares of PepsiCo during the first quarter valued at about $200,000. Finally, Augustine Asset Management Inc. purchased a new position in shares of PepsiCo during the second quarter valued at about $201,000. Institutional investors and hedge funds 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 traded hands. PepsiCo Inc. has a 52 week low of $93.25 and a 52 week high of $110.94. The company’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 posted 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. The business earned $16 billion during the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 earnings per share. Equities research analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Zacks Investment Research downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Argus upped their price objective on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Morgan Stanley reissued an “overweight” rating and set a $121.00 price objective on shares of PepsiCo in a research note on Friday, September 30th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $120.00 price objective on shares of PepsiCo in a research note on Monday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The company presently 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 PepsiCo stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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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