Lee Financial Co held its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 933 shares of the company’s stock at the end of the second quarter. Lee Financial Co’s holdings in Pepsico were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in Pepsico by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock worth $843,829,000 after purchasing an additional 280,480 shares in the last quarter. Fisher Asset Management LLC raised its position in Pepsico by 5.0% in the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock worth $666,987,000 after purchasing an additional 277,607 shares in the last quarter. APG Asset Management N.V. raised its position in Pepsico by 0.9% in the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock worth $590,250,000 after purchasing an additional 43,100 shares in the last quarter. Pioneer Investment Management Inc. raised its position in Pepsico by 19.9% in the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after purchasing an additional 733,294 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Pepsico by 7.9% in the second quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock worth $483,791,000 after purchasing an additional 306,065 shares in the last quarter. 70.31% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the sale, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold a total of 919,613 shares of company stock worth $106,956,258 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Shares of Pepsico, Inc. (PEP) opened at 111.61 on Friday. The company has a market capitalization of $158.73 billion, a PE ratio of 23.06 and a beta of 0.68. The stock’s 50 day moving average is $112.79 and its 200 day moving average is $114.72. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39.

Pepsico (NYSE:PEP) last announced its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. The company had revenue of $16.24 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. On average, equities research analysts anticipate that Pepsico, Inc. will post $5.22 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, August 22nd. Credit Suisse Group cut shares of Pepsico from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $124.00 in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target 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).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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