Abbrea Capital LLC Has $4.42 Million Stake in Pepsico, Inc. (PEP)

Abbrea Capital LLC reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,267 shares of the company’s stock after selling 1,540 shares during the quarter. Pepsico accounts for 1.8% of Abbrea Capital LLC’s holdings, making the stock its 12th biggest holding. Abbrea Capital LLC’s holdings in Pepsico were worth $4,419,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barnett & Company Inc. grew its holdings in shares of Pepsico by 270.4% during the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after purchasing an additional 657 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Pepsico by 14.9% during the 1st 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 in the last quarter. Armbruster Capital Management Inc. boosted its stake in Pepsico by 21.6% in the second quarter. Armbruster Capital Management Inc. now owns 1,782 shares of the company’s stock valued at $206,000 after buying an additional 317 shares in the last quarter. Cabot Wealth Management Inc. acquired a new stake in Pepsico in the second quarter valued at about $207,000. Finally, Millie Capital Management LLC acquired a new stake in Pepsico in the first quarter valued at about $202,000. 70.54% of the stock is currently owned by institutional investors.

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Pepsico, Inc. (NYSE:PEP) opened at $114.04 on Tuesday. Pepsico, Inc. has a 1 year low of $98.50 and a 1 year high of $119.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $160,346.61, a PE ratio of 22.02, a PEG ratio of 3.06 and a beta of 0.66.

Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.35 billion. During the same period last year, the company earned $1.40 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. research analysts predict that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Several analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research note on Sunday. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Pepsico in a research note on Friday, October 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $122.00 price objective (down from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 price objective (down from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average 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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