We Are One Seven LLC Acquires New Stake in PepsiCo, Inc. (NASDAQ:PEP)

We Are One Seven LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,416 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PEP. Vanguard Group Inc. boosted its position in PepsiCo by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after purchasing an additional 838,652 shares during the period. BlackRock Inc. boosted its position in PepsiCo by 1.4% during the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares during the period. Northern Trust Corp boosted its position in PepsiCo by 0.7% during the 2nd quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock worth $2,729,962,000 after acquiring an additional 143,784 shares during the period. Bank of New York Mellon Corp boosted its position in PepsiCo by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock worth $2,607,480,000 after acquiring an additional 378,960 shares during the period. Finally, Morgan Stanley boosted its position in PepsiCo by 1.1% during the 2nd quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock worth $1,450,090,000 after acquiring an additional 117,564 shares during the period. 71.46% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.

Shares of PEP stock opened at $137.64 on Friday. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $140.45. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $192.22 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 3.58 and a beta of 0.56. The stock’s fifty day simple moving average is $136.01 and its 200-day simple moving average is $130.66.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.93 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. PepsiCo’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current year.

PEP has been the subject of a number of analyst reports. Bank of America boosted their price target on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Jefferies Financial Group boosted their price target on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group boosted their price target on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks reiterated a “hold” rating and set a $125.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $135.53.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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