TIAA CREF Trust Co. FSB MO increased its position in PepsiCo Inc. (NYSE:PEP) by 1.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 321,078 shares of the company’s stock after buying an additional 5,755 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in PepsiCo were worth $34,015,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. D. Scott Neal Inc. boosted 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 valued at $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. boosted 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 valued at $106,000 after buying an additional 4 shares during the last quarter. Gradient Investments LLC boosted 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 valued at $162,000 after buying an additional 100 shares during the last quarter. Verus Financial Partners Inc. acquired a new position in shares of PepsiCo during the second quarter valued at about $201,000. Finally, Augustine Asset Management Inc. acquired a new position in shares of PepsiCo during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 70.06% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.86% during midday trading on Friday, hitting $106.83. 4,788,606 shares of the stock were exchanged. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 23.44 and a beta of 0.46. 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 of $106.69 and a 200-day moving average of $105.47.
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, beating the Zacks’ consensus estimate of $1.32 by $0.08. The firm 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 revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. Equities analysts expect that PepsiCo Inc. will post $4.79 EPS for the current year.
Several research analysts have issued reports on PEP shares. Bank of America Corp. reiterated a “buy” rating and set a $120.00 target price on shares of PepsiCo in a report on Thursday, September 22nd. Credit Agricole SA reissued an “outperform” rating on shares of PepsiCo in a research report on Monday, August 22nd. Credit Suisse Group AG began coverage on shares of PepsiCo in a research report on Thursday, September 15th. They set an “outperform” rating and a $121.00 price target for the company. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $120.00 price target on shares of PepsiCo in a research report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. PepsiCo presently has a consensus 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 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 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 link. 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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