Stevens First Principles Investment Advisors Takes Position in PepsiCo, Inc. (PEP)

Stevens First Principles Investment Advisors acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $348,000.

Other large investors also recently modified their holdings of the company. Greenwood Capital Associates LLC boosted its stake in shares of PepsiCo by 16.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 57,155 shares of the company’s stock valued at $6,222,000 after purchasing an additional 7,897 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its stake in shares of PepsiCo by 4.9% in the 2nd quarter. Roffman Miller Associates Inc. PA now owns 196,935 shares of the company’s stock valued at $21,440,000 after purchasing an additional 9,163 shares during the last quarter. United Asset Strategies Inc. boosted its stake in shares of PepsiCo by 182.4% in the 2nd quarter. United Asset Strategies Inc. now owns 9,699 shares of the company’s stock valued at $1,056,000 after purchasing an additional 6,264 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of PepsiCo by 10.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,338,901 shares of the company’s stock valued at $254,636,000 after purchasing an additional 222,402 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of PepsiCo by 1.2% in the 2nd quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock valued at $3,988,000 after purchasing an additional 443 shares during the last quarter. 70.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:PEP opened at $105.28 on Friday. The company has a market capitalization of $158.12 billion, a P/E ratio of 20.13, a PEG ratio of 2.63 and a beta of 0.67. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.09 and a current ratio of 1.24. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.51.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a net margin of 7.14% and a return on equity of 67.06%. PepsiCo’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. On average, analysts forecast that PepsiCo, Inc. will post 5.69 EPS for the current fiscal year.

Several brokerages have recently issued reports on PEP. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. BMO Capital Markets cut their price target on shares of PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Macquarie downgraded shares of PepsiCo from an “outperform” rating to a “neutral” rating and cut their price target for the company from $122.00 to $107.00 in a research report on Friday, October 5th. Finally, Guggenheim assumed coverage on shares of PepsiCo in a research report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $117.89.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the sale, the chief executive officer now directly owns 130,135 shares in the company, valued at approximately $13,897,116.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

PepsiCo Profile

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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