Adirondack Trust Co. lowered its holdings in Pepsico, Inc. (NYSE:PEP) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,456 shares of the company’s stock after selling 3,086 shares during the quarter. Pepsico accounts for 2.3% of Adirondack Trust Co.’s holdings, making the stock its 9th biggest position. Adirondack Trust Co.’s holdings in Pepsico were worth $2,824,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PEP. Schwab Charles Investment Management Inc. grew its position in Pepsico by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after buying an additional 238,221 shares during the period. Fisher Asset Management LLC grew its position in Pepsico by 5.0% during the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after buying an additional 277,607 shares during the period. APG Asset Management N.V. grew its position in Pepsico by 0.9% during the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after buying an additional 43,100 shares during the period. Pioneer Investment Management Inc. grew its position in Pepsico by 2.1% during the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after buying an additional 91,851 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Pepsico by 7.9% during the second quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after buying an additional 306,065 shares during the period. Hedge funds and other institutional investors own 70.65% of the company’s stock.

Pepsico, Inc. (NYSE PEP) opened at $112.75 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market cap of $159,890.00, a PE ratio of 21.88, a PEG ratio of 3.04 and a beta of 0.66. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. research analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current year.

In other 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 value of $2,370,328.99. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.

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PEP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Friday, July 14th. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets restated a “hold” rating and set a $120.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Finally, Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Pepsico has an average rating of “Buy” and a consensus target price of $121.35.

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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