Tirschwell & Loewy Inc. maintained its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,102 shares of the company’s stock at the close of the second quarter. Tirschwell & Loewy Inc.’s holdings in Pepsico were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its position in Pepsico by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after acquiring an additional 238,221 shares during the last quarter. Fisher Asset Management LLC grew its position in Pepsico by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after acquiring an additional 277,607 shares during the last quarter. APG Asset Management N.V. grew its position in Pepsico by 0.9% in the 2nd quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after acquiring an additional 43,100 shares during the last quarter. Pioneer Investment Management Inc. grew its position in Pepsico by 2.1% in the 2nd quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after acquiring an additional 91,851 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Pepsico by 7.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after acquiring an additional 306,065 shares during the last quarter. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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Several equities analysts have commented on the company. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research report on Sunday. Seven 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 company. The stock has an average rating of “Buy” and a consensus price target of $121.35.

Shares of Pepsico, Inc. (PEP) opened at $115.10 on Thursday. 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 firm has a market capitalization of $164,627.27, a price-to-earnings ratio of 22.61, a P/E/G ratio of 3.15 and a beta of 0.66. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39.

Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The firm had revenue of $16.24 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.

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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