Outfitter Advisors LTD. lowered its position in Pepsico, Inc. (NYSE:PEP) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,475 shares of the company’s stock after selling 700 shares during the period. Outfitter Advisors LTD.’s holdings in Pepsico were worth $2,596,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PEP. Sanders Capital LLC bought a new position in shares of Pepsico in the first quarter valued at approximately $254,277,000. Harbour Capital Advisors LLC raised its stake in shares of Pepsico by 11,316.2% in the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after acquiring an additional 2,164,557 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after acquiring an additional 1,593,550 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Pepsico in the first quarter valued at approximately $112,080,000. Finally, Pioneer Investment Management Inc. raised its stake in shares of Pepsico by 19.9% in the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock valued at $493,842,000 after acquiring an additional 733,294 shares during the last quarter. Institutional investors own 70.54% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of Pepsico in a research note on Sunday. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $116.00 target price on shares of Pepsico in a research note on Friday, October 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $122.00 target price (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Finally, Credit Suisse Group restated a “hold” rating and issued a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Pepsico currently has a consensus rating of “Buy” and an average price target of $121.35.
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In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.
Shares of Pepsico, Inc. (PEP) opened at $115.76 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The company has a market cap of $162,181.19, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66.
Pepsico (NYSE:PEP) last released its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the previous year, the business earned $1.40 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. equities analysts forecast that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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