Neuberger Berman Group LLC raised its position in shares of PepsiCo Inc. (NYSE:PEP) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,187,569 shares of the company’s stock after buying an additional 78,119 shares during the period. Neuberger Berman Group LLC owned about 0.08% of PepsiCo worth $125,811,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hutner Daniel Ellsworth raised 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 worth $6,466,000 after buying an additional 970 shares during the period. Ronna Sue Cohen raised 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 worth $738,000 after buying an additional 23 shares during the period. Carroll Financial Associates Inc. raised 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 worth $2,697,000 after buying an additional 1,093 shares during the period. Rosenbaum Jay D. raised 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 worth $1,268,000 after buying an additional 642 shares during the period. Finally, Moreno Evelyn V raised its stake in shares of PepsiCo by 2.6% in the first quarter. Moreno Evelyn V now owns 46,085 shares of the company’s stock worth $4,723,000 after buying an additional 1,155 shares during the period. 70.06% of the stock is owned by hedge funds and other institutional investors.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.86% during midday trading on Friday, reaching $106.83. The company had a trading volume of 4,788,606 shares. The company has a 50 day moving average price of $106.69 and a 200-day moving average price of $105.47. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94. The firm has a market capitalization of $153.21 billion, a P/E ratio of 23.44 and a beta of 0.46.
PepsiCo (NYSE:PEP) last posted its earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $16 billion for the quarter. During the same period in the prior year, the business earned $1.35 EPS. PepsiCo’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts anticipate that PepsiCo Inc. will post $4.79 EPS for the current fiscal year.
A number of analysts have recently commented on the company. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $118.00 price target on shares of PepsiCo in a report on Wednesday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Credit Agricole SA reiterated an “outperform” rating on shares of PepsiCo in a report on Monday, August 22nd. Finally, Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price on the stock. in a report on Wednesday, June 29th. One research 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. PepsiCo currently has an average rating of “Buy” and an average target price of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following 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 legal filing with the SEC, which is available through this link. Company insiders own 0.33% of the company’s stock.
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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