Dupont Capital Management Corp grew its stake in Pepsico, Inc. (NYSE:PEP) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,319 shares of the company’s stock after buying an additional 25,609 shares during the period. Dupont Capital Management Corp’s holdings in Pepsico were worth $17,360,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PEP. Barnett & Company Inc. grew its stake in Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after purchasing an additional 657 shares during the period. Riggs Asset Managment Co. Inc. grew its stake in Pepsico by 14.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares during the period. Millie Capital Management LLC acquired a new stake in Pepsico during the first quarter worth approximately $202,000. S. R. Schill & Associates acquired a new stake in Pepsico during the second quarter worth approximately $203,000. Finally, Spectrum Management Group Inc. acquired a new stake in Pepsico during the first quarter worth approximately $205,000. 70.54% of the stock is owned by institutional investors.
Several equities research analysts recently commented on PEP shares. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Tuesday, August 22nd. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $135.00 target price on shares of Pepsico in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $122.00 target price (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.35.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’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 document filed with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.
Pepsico, Inc. (PEP) opened at $115.23 on Friday. Pepsico, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $163,688.66, a P/E ratio of 22.48, a PEG ratio of 3.13 and a beta of 0.66.
Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
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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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