3,699 Shares of PepsiCo, Inc. $PEP Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,699 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilkerson Advisory Group LLC grew its position in shares of PepsiCo by 3.3% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after purchasing an additional 66 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of PepsiCo by 0.3% in the first quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock valued at $3,866,000 after buying an additional 69 shares in the last quarter. Centerpoint Advisors LLC boosted its stake in shares of PepsiCo by 4.1% in the second quarter. Centerpoint Advisors LLC now owns 1,918 shares of the company’s stock valued at $260,000 after buying an additional 75 shares during the period. JNBA Financial Advisors boosted its stake in shares of PepsiCo by 2.0% in the second quarter. JNBA Financial Advisors now owns 3,848 shares of the company’s stock valued at $521,000 after buying an additional 77 shares during the period. Finally, 55 North Private Wealth LLC grew its position in PepsiCo by 4.2% during the second quarter. 55 North Private Wealth LLC now owns 1,918 shares of the company’s stock worth $260,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PEP shares. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $138.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $132.00 target price on shares of PepsiCo in a research report on Friday, October 9th. BNP Paribas Exane reduced their target price on PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Citigroup restated a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. Finally, Freedom Broker raised PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.28.

Read Our Latest Analysis on PEP

PepsiCo Stock Performance

NASDAQ PEP opened at $141.34 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $192.61 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.21 and a beta of 0.31. The firm’s 50 day simple moving average is $133.33 and its 200 day simple moving average is $145.75. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, Director Robert Pohlad purchased 184,646 shares of the stock in a transaction dated Wednesday, October 14th. The stock was bought at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the acquisition, the director owned 433,009 shares of the company’s stock, valued at approximately $55,546,394.52. This represents a 74.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ramon Laguarta sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total value of $4,053,900.00. Following the transaction, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This trade represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc is a global food and beverage company that develops, manufactures, markets and distributes a broad range of products. Its portfolio includes snacks such as Lay’s, Doritos and Cheetos, as well as beverages including Pepsi, Gatorade and Mountain Dew.

The company was formed in 1965 through the merger of Pepsi-Cola and Frito-Lay. Its products are sold in more than 200 countries and territories through retail, food-service and other distribution channels.

PepsiCo is headquartered in Purchase, New York.

Featured Stories

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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