Moody Lynn & Lieberson LLC raised its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 95.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,898 shares of the company’s stock after purchasing an additional 6,800 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Pepsico were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Addison Capital Co raised its stake in shares of Pepsico by 1.3% in the first quarter. Addison Capital Co now owns 22,028 shares of the company’s stock valued at $2,464,000 after acquiring an additional 291 shares during the period. Pinnacle Bank purchased a new position in Pepsico in the 1st quarter worth about $696,000. Regent Investment Management LLC increased its stake in Pepsico by 39.6% in the 1st quarter. Regent Investment Management LLC now owns 8,089 shares of the company’s stock worth $905,000 after buying an additional 2,295 shares during the period. Howe & Rusling Inc. increased its stake in Pepsico by 499.4% in the 1st quarter. Howe & Rusling Inc. now owns 81,376 shares of the company’s stock worth $9,103,000 after buying an additional 67,800 shares during the period. Finally, Asset Planning Services Ltd. increased its stake in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 70.17% of the company’s stock.

Shares of Pepsico, Inc. (PEP) opened at 110.01 on Tuesday. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a 50 day moving average of $113.89 and a 200-day moving average of $114.75. The company has a market capitalization of $156.45 billion, a PE ratio of 22.73 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts predict that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.93%. Pepsico’s payout ratio is 66.53%.

In related news, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now 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 898,164 shares of company stock worth $104,585,929 over the last 90 days. Insiders own 0.26% of the company’s stock.

Several research firms recently commented on PEP. Deutsche Bank AG reaffirmed a “buy” rating and issued a $122.00 price target (down previously from $125.00) on shares of Pepsico in a research note on Friday. Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $135.00 price target on shares of Pepsico in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $121.71.

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Pepsico 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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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