Bell Rock Capital LLC Takes $556,000 Position in PepsiCo, Inc. (PEP)

Bell Rock Capital LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,976 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cognios Capital LLC increased its stake in PepsiCo by 8.7% in the second quarter. Cognios Capital LLC now owns 19,976 shares of the company’s stock valued at $2,173,000 after purchasing an additional 1,591 shares in the last quarter. SPF Beheer BV increased its stake in PepsiCo by 1.8% in the second quarter. SPF Beheer BV now owns 733,282 shares of the company’s stock valued at $79,832,000 after purchasing an additional 13,310 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in PepsiCo by 2.5% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 185,068 shares of the company’s stock valued at $20,148,000 after purchasing an additional 4,524 shares in the last quarter. State Treasurer State of Michigan increased its stake in PepsiCo by 0.3% in the second quarter. State Treasurer State of Michigan now owns 419,829 shares of the company’s stock valued at $45,707,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in PepsiCo by 2.7% in the second quarter. Jones Financial Companies Lllp now owns 80,846 shares of the company’s stock valued at $8,801,000 after purchasing an additional 2,158 shares in the last quarter. Institutional investors own 72.59% of the company’s stock.

NASDAQ:PEP opened at $113.79 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. The stock has a market cap of $159.56 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.78 and a beta of 0.62. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.00.

Several equities research analysts have weighed in on the stock. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a research note on Wednesday, November 14th. Finally, UBS Group assumed coverage on shares of PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 price target for the company. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $117.12.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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