Pepsico, Inc. (PEP) Shares Sold by Blue Fin Capital Inc.
Blue Fin Capital Inc. lessened its stake in Pepsico, Inc. (NYSE:PEP) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,825 shares of the company’s stock after selling 405 shares during the period. Blue Fin Capital Inc.’s holdings in Pepsico were worth $1,134,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Accurate Investment Solutions Inc. raised its position in Pepsico by 0.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after purchasing an additional 5 shares during the last quarter. Northwest Wealth Management LLC raised its position in Pepsico by 0.4% in the 2nd quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after purchasing an additional 11 shares during the last quarter. Willingdon Wealth Management raised its position in Pepsico by 0.3% in the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after purchasing an additional 16 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Pepsico by 0.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in Pepsico by 0.6% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,182 shares of the company’s stock worth $480,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 70.54% of the company’s stock.
PEP has been the subject of several research analyst reports. Cowen and Company restated a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $135.00 price objective on shares of Pepsico in a research report on Monday, October 2nd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $122.00 price objective (down previously from $125.00) on shares of Pepsico in a research report on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.35.
Pepsico, Inc. (NYSE:PEP) opened at $115.76 on Wednesday. Pepsico, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The stock has a market cap of $162,181.19, a price-to-earnings ratio of 22.27, a PEG ratio of 3.10 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. sell-side analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.
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).
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.