PepsiCo, Inc. (PEP) Shares Bought by LPL Financial LLC

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LPL Financial LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 480,671 shares of the company’s stock after acquiring an additional 14,450 shares during the quarter. LPL Financial LLC’s holdings in PepsiCo were worth $53,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cognios Capital LLC increased its stake in shares of PepsiCo by 8.7% during the second quarter. Cognios Capital LLC now owns 19,976 shares of the company’s stock worth $2,173,000 after purchasing an additional 1,591 shares during the period. Anchor Capital Advisors LLC increased its stake in shares of PepsiCo by 11.5% during the second quarter. Anchor Capital Advisors LLC now owns 93,733 shares of the company’s stock worth $10,205,000 after purchasing an additional 9,668 shares during the period. Cadinha & Co. LLC increased its stake in shares of PepsiCo by 14.4% during the second quarter. Cadinha & Co. LLC now owns 8,984 shares of the company’s stock worth $978,000 after purchasing an additional 1,128 shares during the period. GFS Advisors LLC increased its stake in shares of PepsiCo by 12.6% during the second quarter. GFS Advisors LLC now owns 91,471 shares of the company’s stock worth $9,958,000 after purchasing an additional 10,255 shares during the period. Finally, Doyle Wealth Management increased its stake in shares of PepsiCo by 11.3% during the second quarter. Doyle Wealth Management now owns 58,245 shares of the company’s stock worth $6,341,000 after purchasing an additional 5,931 shares during the period. 72.59% of the stock is owned by institutional investors.

PEP has been the topic of a number of recent research reports. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Finally, UBS Group initiated coverage on PepsiCo in a research note on Thursday, December 13th. They set a “neutral” rating and a $123.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $117.12.

Shares of NASDAQ:PEP opened at $112.97 on Tuesday. The company has a market cap of $159.56 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.78 and a beta of 0.62. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31.

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About PepsiCo

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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Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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