Cliftonlarsonallen Wealth Advisors LLC Has $1.58 Million Stake in PepsiCo, Inc. (PEP)
Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NYSE:PEP) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,646 shares of the company’s stock after acquiring an additional 247 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in PepsiCo were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of PEP. Sanders Capital LLC bought a new position in shares of PepsiCo during the first quarter worth about $254,277,000. Harbour Capital Advisors LLC grew its stake in PepsiCo by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after purchasing an additional 2,164,557 shares during the period. Canada Pension Plan Investment Board grew its stake in PepsiCo by 92.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after purchasing an additional 1,593,550 shares during the period. Karp Capital Management Corp acquired a new stake in PepsiCo during the first quarter worth approximately $112,080,000. Finally, Pioneer Investment Management Inc. grew its stake in PepsiCo by 19.9% during the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after purchasing an additional 733,294 shares during the period. Institutional investors own 70.53% of the company’s stock.
Several research firms recently commented on PEP. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and set a $128.00 target price on shares of PepsiCo in a research note on Thursday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 target price on shares of PepsiCo in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 target price (up previously from $130.00) on shares of PepsiCo in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 target price (down previously from $124.00) on shares of PepsiCo in a research note on Thursday, October 5th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. PepsiCo currently has an average rating of “Buy” and an average target price of $121.35.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.
Shares of PepsiCo, Inc. (NYSE PEP) opened at $110.22 on Friday. PepsiCo, Inc. has a one year low of $98.50 and a one year high of $119.39. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $156.75 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66.
PepsiCo (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. PepsiCo had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. equities research analysts expect that PepsiCo, Inc. will post 5.22 EPS for the current fiscal year.
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PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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