QV Investors Inc. Boosts Stake in Pepsico, Inc. (PEP)

QV Investors Inc. increased its position in Pepsico, Inc. (NYSE:PEP) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,940 shares of the company’s stock after purchasing an additional 520 shares during the period. QV Investors Inc.’s holdings in Pepsico were worth $4,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Pepsico by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after purchasing an additional 238,221 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Pepsico by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after purchasing an additional 277,607 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Pepsico by 0.9% in the 2nd quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after purchasing an additional 43,100 shares during the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of Pepsico by 2.1% in the 2nd quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after purchasing an additional 91,851 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Pepsico by 7.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after purchasing an additional 306,065 shares during the last quarter. 70.54% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Shares of Pepsico, Inc. (NYSE:PEP) opened at $115.10 on Thursday. The firm has a market capitalization of $164,627.27, a P/E ratio of 22.61, a P/E/G ratio of 3.15 and a beta of 0.66. The company has a quick ratio of 1.21, a current ratio of 1.35 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.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current year.

Several analysts have commented on the company. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research note on Sunday. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Pepsico presently has an average rating of “Buy” and an average price target of $121.35.

About Pepsico

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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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