General American Investors Co. Inc. held its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to the company in its most recent filing with the SEC. The firm owned 195,000 shares of the company’s stock at the close of the second quarter. Pepsico comprises approximately 2.3% of General American Investors Co. Inc.’s holdings, making the stock its 13th largest position. General American Investors Co. Inc.’s holdings in Pepsico were worth $22,521,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Grove Bank & Trust increased its stake in Pepsico by 41.6% during the 2nd quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock worth $1,313,000 after buying an additional 3,339 shares during the period. Stratos Wealth Partners LTD. increased its stake in Pepsico by 3.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock worth $9,091,000 after buying an additional 2,905 shares during the period. Koshinski Asset Management Inc. increased its stake in Pepsico by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock worth $798,000 after buying an additional 265 shares during the period. State of Wisconsin Investment Board increased its stake in Pepsico by 13.3% during the 1st quarter. State of Wisconsin Investment Board now owns 1,440,520 shares of the company’s stock worth $161,137,000 after buying an additional 169,049 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in Pepsico by 0.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 168,529 shares of the company’s stock worth $19,653,000 after buying an additional 491 shares during the period. Institutional investors and hedge funds own 70.65% of the company’s stock.

In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were 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 is available at this link. 0.26% of the stock is owned by corporate insiders.

Several research firms recently issued reports on PEP. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $116.00 price target on shares of Pepsico in a research note on Friday, October 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $122.00 price target (down previously from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $135.00 price target on shares of Pepsico in a research note on Monday, October 2nd. Seven 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. The company currently has an average rating of “Buy” and a consensus target price of $121.35.

Shares of Pepsico, Inc. (NYSE PEP) opened at $110.47 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. Pepsico, Inc. has a 1 year low of $98.50 and a 1 year high of $119.39. The firm has a market cap of $156,880.00, a PE ratio of 21.53, a P/E/G ratio of 3.00 and a beta of 0.66.

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

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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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