LPL Financial LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 480,671 shares of the company’s stock after buying an additional 14,450 shares during the period. LPL Financial LLC’s holdings in PepsiCo were worth $53,739,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Bank of New York Mellon Corp boosted its holdings in PepsiCo by 3,272,537.9% during the third quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock worth $2,228,213,000 after buying an additional 19,929,756 shares in the last quarter. Fundsmith Equity Fund L.P. purchased a new stake in PepsiCo during the second quarter worth $836,330,000. Vontobel Asset Management Inc. boosted its holdings in PepsiCo by 287.8% during the second quarter. Vontobel Asset Management Inc. now owns 2,610,837 shares of the company’s stock worth $291,915,000 after buying an additional 1,937,620 shares in the last quarter. BlackRock Inc. boosted its holdings in PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 93,852,156 shares of the company’s stock worth $10,217,684,000 after buying an additional 1,291,012 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in PepsiCo by 22.8% during the second quarter. American Century Companies Inc. now owns 5,440,832 shares of the company’s stock worth $592,343,000 after buying an additional 1,011,788 shares in the last quarter. 72.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. ValuEngine raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a research report on Wednesday, November 14th. BidaskClub upgraded shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 12th. Finally, UBS Group began coverage on shares of PepsiCo in a research report on Thursday, December 13th. They set a “neutral” rating and a $123.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.12.

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

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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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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