RiverFront Investment Group LLC reduced its position in shares of PepsiCo Inc. (NYSE:PEP) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 171,558 shares of the company’s stock after selling 312 shares during the period. RiverFront Investment Group LLC’s holdings in PepsiCo were worth $18,174,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock worth $2,055,547,000 after buying an additional 543,183 shares in the last quarter. Credit Agricole S A boosted its stake in PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock worth $217,235,000 after buying an additional 80,183 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock worth $196,042,000 after buying an additional 78,848 shares in the last quarter. Finally, Svenska Handelsbanken AB publ boosted its stake in PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock worth $86,419,000 after buying an additional 800,747 shares in the last quarter. 70.06% of the stock is owned by institutional investors.
PepsiCo Inc. (NYSE:PEP) traded up 0.86% during trading on Friday, reaching $106.83. 4,788,606 shares of the company’s stock traded hands. The firm has a 50 day moving average of $106.69 and a 200 day moving average of $105.47. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94. The firm has a market capitalization of $153.21 billion, a PE ratio of 23.44 and a beta of 0.46.
PepsiCo (NYSE:PEP) last released its earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ 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 company earned $16 billion during the quarter. During the same quarter last year, the business posted $1.35 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that PepsiCo Inc. will post $4.79 EPS for the current year.
PEP has been the subject of a number of research reports. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $104.00 target price (down previously from $105.00) on shares of PepsiCo in a research note on Wednesday, June 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 target price on shares of PepsiCo in a research note on Wednesday, August 10th. Morgan Stanley reissued an “overweight” rating and set a $121.00 target price on shares of PepsiCo in a research note on Friday, September 30th. Credit Agricole SA reissued an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Finally, Bank of America Corp. reissued a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Thursday, September 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. PepsiCo currently 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 the firm’s stock in a transaction 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 owns 164,464 shares in the company, valued at approximately $17,646,987.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by 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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