Valeo Financial Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,808 shares of the company’s stock after buying an additional 7,115 shares during the quarter. Valeo Financial Advisors LLC’s holdings in PepsiCo were worth $4,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiera Capital Corp boosted its holdings in shares of PepsiCo by 5.3% in the 1st quarter. Fiera Capital Corp now owns 3,512,114 shares of the company’s stock worth $383,347,000 after purchasing an additional 177,748 shares during the period. Bruderman Asset Management LLC boosted its holdings in shares of PepsiCo by 3.9% in the 1st quarter. Bruderman Asset Management LLC now owns 59,583 shares of the company’s stock worth $6,503,000 after purchasing an additional 2,255 shares during the period. Patriot Wealth Management Inc. boosted its holdings in shares of PepsiCo by 3.1% in the 2nd quarter. Patriot Wealth Management Inc. now owns 43,785 shares of the company’s stock worth $4,767,000 after purchasing an additional 1,297 shares during the period. Buckingham Capital Management Inc. boosted its holdings in shares of PepsiCo by 5.6% in the 2nd quarter. Buckingham Capital Management Inc. now owns 31,907 shares of the company’s stock worth $3,474,000 after purchasing an additional 1,689 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of PepsiCo by 2.9% in the 2nd quarter. World Asset Management Inc now owns 102,760 shares of the company’s stock worth $11,187,000 after purchasing an additional 2,917 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

PEP opened at $117.48 on Friday. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.51. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. The firm has a market cap of $163.19 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The company had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. During the same quarter in the previous year, the business earned $1.48 EPS. PepsiCo’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

PEP has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on PepsiCo from $110.00 to $109.00 and set a “market perform” rating for the company in a report on Wednesday, October 3rd. Macquarie cut PepsiCo from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $122.00 to $107.00 in a report on Friday, October 5th. Susquehanna Bancshares dropped their target price on PepsiCo from $136.00 to $135.00 and set a “positive” rating for the company in a report on Friday, September 28th. Morgan Stanley reiterated an “overweight” rating on shares of PepsiCo in a report on Friday, October 5th. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $117.89.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the sale, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total value of $18,532,645.40. Following the sale, the executive vice president now directly owns 173,702 shares of the company’s stock, valued at $19,128,064.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is currently owned by corporate insiders.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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