Joel Isaacson & Co. LLC Has $1,607,000 Holdings in Pepsico, Inc. (PEP)
Joel Isaacson & Co. LLC continued to hold its position in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,913 shares of the company’s stock at the end of the 2nd quarter. Joel Isaacson & Co. LLC’s holdings in Pepsico were worth $1,607,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Accurate Investment Solutions Inc. increased its position in shares of Pepsico by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after buying an additional 5 shares during the period. Northwest Wealth Management LLC increased its position in shares of Pepsico by 0.4% during the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after buying an additional 11 shares during the period. Willingdon Wealth Management increased its position in shares of Pepsico by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after buying an additional 16 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Pepsico by 0.7% during the first quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after buying an additional 20 shares during the period. Finally, Alexandria Capital LLC increased its position in shares of Pepsico by 0.5% during the first quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock worth $465,000 after buying an additional 21 shares during the period. Institutional investors own 70.53% of the company’s stock.
In related news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.
Pepsico, Inc. (NYSE:PEP) opened at $110.22 on Monday. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39. The firm has a market cap of $156,748.59, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 3.00 and a beta of 0.66. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
PEP has been the topic of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $133.00 target price (up from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Tuesday, August 22nd. Susquehanna Bancshares Inc reissued a “buy” rating and set a $135.00 target price on shares of Pepsico in a research note on Monday, October 2nd. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 target price (down 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 given a strong buy rating to the stock. Pepsico has an average rating of “Buy” and a consensus price target of $121.35.
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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