Van Strum & Towne Inc. lessened its stake in Pepsico, Inc. (NYSE:PEP) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,807 shares of the company’s stock after selling 25 shares during the period. Pepsico comprises about 3.5% of Van Strum & Towne Inc.’s holdings, making the stock its 8th largest holding. Van Strum & Towne Inc.’s holdings in Pepsico were worth $5,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Pepsico by 41.6% during the 2nd quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock valued at $1,313,000 after purchasing an additional 3,339 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Pepsico by 3.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after purchasing an additional 2,905 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Pepsico by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after purchasing an additional 265 shares during the last quarter. State of Wisconsin Investment Board raised its position 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 valued at $161,137,000 after purchasing an additional 169,049 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its position in Pepsico by 0.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 168,529 shares of the company’s stock valued at $19,653,000 after purchasing an additional 491 shares during the last quarter. 70.54% of the stock is owned by institutional investors.

In related news, insider Ramon Laguarta sold 21,449 shares of the company’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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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Shares of Pepsico, Inc. (PEP) opened at $112.75 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $160,346.61, a P/E ratio of 22.02, a P/E/G ratio of 3.06 and a beta of 0.66. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39.

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

PEP has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Tuesday, August 22nd. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Finally, 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 report on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating, ten have assigned 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 an average price target of $121.35.

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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