PepsiCo, Inc. (PEP) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,239,943 shares of the company’s stock after purchasing an additional 134,874 shares during the quarter. Dimensional Fund Advisors LP owned about 0.30% of PepsiCo worth $461,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. IFP Advisors Inc grew its position in PepsiCo by 1.2% during the second quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock valued at $3,988,000 after acquiring an additional 443 shares during the last quarter. Heritage Way Advisors LLC grew its position in PepsiCo by 2.6% during the second quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock valued at $1,913,000 after acquiring an additional 450 shares during the last quarter. R.M.SINCERBEAUX Capital Management LLC grew its position in PepsiCo by 22.5% during the second quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock valued at $267,000 after acquiring an additional 450 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its position in PepsiCo by 6.7% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock valued at $785,000 after acquiring an additional 450 shares during the last quarter. Finally, Sigma Planning Corp grew its position in PepsiCo by 1.4% during the second quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock valued at $3,497,000 after acquiring an additional 450 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. BMO Capital Markets cut their target price on shares of PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a report on Wednesday, October 3rd. Macquarie cut shares of PepsiCo from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $122.00 to $107.00 in a report on Friday, October 5th. Finally, Guggenheim initiated coverage on shares of PepsiCo in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and an average price target of $117.89.



In related news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the sale, the chief executive officer now owns 130,135 shares in the company, valued at $13,897,116.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $18,532,645.40. Following the completion of the sale, the executive vice president now owns 173,702 shares in the company, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,819 shares of company stock worth $20,406,438. 0.27% of the stock is currently owned by company insiders.

Shares of PepsiCo stock opened at $112.89 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.51. The company has a market capitalization of $155.91 billion, a PE ratio of 21.59, a PEG ratio of 2.76 and a beta of 0.67.

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

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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