Private Wealth Advisors Inc. held its stake in PepsiCo Inc. (NYSE:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,069 shares of the company’s stock at the end of the second quarter. Private Wealth Advisors Inc.’s holdings in PepsiCo were worth $749,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Kelman Lazarov Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $832,000. Hutner Daniel Ellsworth increased its stake in shares of PepsiCo by 1.6% in the first quarter. Hutner Daniel Ellsworth now owns 63,091 shares of the company’s stock valued at $6,466,000 after buying an additional 970 shares in the last quarter. Ronna Sue Cohen increased its stake in shares of PepsiCo by 0.3% in the first quarter. Ronna Sue Cohen now owns 7,199 shares of the company’s stock valued at $738,000 after buying an additional 23 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in shares of PepsiCo by 4.3% in the first quarter. Carroll Financial Associates Inc. now owns 26,323 shares of the company’s stock valued at $2,697,000 after buying an additional 1,093 shares in the last quarter. Finally, Rosenbaum Jay D. increased its stake in shares of PepsiCo by 5.5% in the first quarter. Rosenbaum Jay D. now owns 12,372 shares of the company’s stock valued at $1,268,000 after buying an additional 642 shares in the last quarter. 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 trading on Friday, hitting $106.83. The company had a trading volume of 4,788,606 shares. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94. The stock has a market capitalization of $153.21 billion, a price-to-earnings ratio of 23.44 and a beta of 0.46. The stock has a 50-day moving average of $106.69 and a 200 day moving average of $105.47.
PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The company earned $16 billion during the quarter. During the same period last year, the business earned $1.35 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that PepsiCo Inc. will post $4.79 EPS for the current fiscal year.
Several equities research analysts have recently commented on PEP shares. Deutsche Bank AG boosted their target price on shares of PepsiCo from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 8th. Jefferies Group reiterated a “buy” rating and set a $124.00 price target (up previously from $119.00) on shares of PepsiCo in a research report on Wednesday, July 6th. Argus upped their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Tuesday, June 21st. Finally, Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price target on the stock in a research report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $113.68.
In related news, EVP Mehmood Khan sold 51,137 shares of the firm’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 transaction of $5,487,000.10. Following the completion of the transaction, the executive vice president now owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company’s stock.
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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