AlphaMark Advisors LLC increased its stake in PepsiCo Inc. (NYSE:PEP) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293 shares of the company’s stock after buying an additional 325 shares during the period. AlphaMark Advisors LLC’s holdings in PepsiCo were worth $243,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Fund Advisors raised its position in shares of PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock valued at $2,055,547,000 after buying an additional 543,183 shares in the last quarter. Credit Agricole S A raised its position in shares of PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock valued at $217,235,000 after buying an additional 80,183 shares in the last quarter. AMP Capital Investors Ltd raised its position in shares of PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock valued at $98,191,000 after buying an additional 70,410 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in shares of PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock valued at $196,042,000 after buying an additional 78,848 shares in the last quarter. Finally, Svenska Handelsbanken AB publ raised its position in shares of PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock valued at $86,419,000 after buying an additional 800,747 shares in the last quarter. 70.06% of the stock is owned by institutional investors and hedge funds.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.86% during midday trading on Friday, reaching $106.83. 4,788,606 shares of the company’s stock were exchanged. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94. The stock has a market cap of $153.21 billion, a price-to-earnings ratio of 23.44 and a beta of 0.46. The firm 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 results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business earned $16 billion during the quarter. During the same quarter in the prior year, the firm posted $1.35 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Bank of America Corp. reissued a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a research 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 initiated coverage on PepsiCo in a research report on Thursday, September 15th. They issued an “outperform” rating and a $121.00 price objective for the company. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a research note on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $113.68.
In other news, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were 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 approximately $17,646,987.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by 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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