Wheatland Advisors Inc. decreased its position in shares of Pepsico, Inc. (NYSE:PEP) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,194 shares of the company’s stock after selling 1,124 shares during the period. Pepsico accounts for approximately 2.2% of Wheatland Advisors Inc.’s portfolio, making the stock its 12th largest holding. Wheatland Advisors Inc.’s holdings in Pepsico were worth $2,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barnett & Company Inc. lifted its stake in shares of Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after buying an additional 657 shares during the period. Riggs Asset Managment Co. Inc. raised 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 purchased a new position in Pepsico during the first quarter worth approximately $202,000. Spectrum Management Group Inc. purchased a new position in Pepsico during the first quarter worth approximately $205,000. Finally, Windsor Financial Group LLC purchased a new position in Pepsico during the first quarter worth approximately $205,000. 70.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pepsico, Inc. (NYSE PEP) opened at $112.00 on Thursday. The stock has a market cap of $155,383.34, a price-to-earnings ratio of 21.34, a PEG ratio of 2.97 and a beta of 0.66. Pepsico, Inc. has a 52-week low of $98.50 and a 52-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.

Pepsico (NYSE:PEP) last released its quarterly 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. The business had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. research analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

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A number of research firms have weighed in on PEP. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Macquarie began coverage on shares of Pepsico in a research note on Thursday, September 14th. They set an “outperform” rating and a $125.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, ten have given 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 price target of $121.35.

In related news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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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