Northstar Wealth Partners LLC lessened its stake in shares of Pepsico, Inc. (NYSE:PEP) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,293 shares of the company’s stock after selling 155 shares during the period. Northstar Wealth Partners LLC’s holdings in Pepsico were worth $490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust boosted its position in shares of Pepsico by 41.6% in the second quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock valued at $1,313,000 after acquiring an additional 3,339 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Pepsico by 4.0% in the second quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after acquiring an additional 265 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Pepsico by 3.8% in the second quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after acquiring an additional 2,905 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Pepsico by 13.3% in the first quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock valued at $161,137,000 after acquiring an additional 169,049 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in shares of Pepsico by 0.3% in the second quarter. Crestwood Advisors Group LLC now owns 168,529 shares of the company’s stock valued at $19,653,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 70.53% of the company’s stock.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the company’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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 of the company’s stock, valued at $8,878,840.49. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

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A number of research firms have recently commented on PEP. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 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. Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $121.35.

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. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year.

About Pepsico

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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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