PepsiCo, Inc. (PEP) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,272,609 shares of the company’s stock after purchasing an additional 118,509 shares during the quarter. Great West Life Assurance Co. Can’s holdings in PepsiCo were worth $247,595,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. 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 worth $3,988,000 after buying an additional 443 shares in 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 worth $1,913,000 after buying an additional 450 shares in 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 worth $267,000 after buying an additional 450 shares in 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 worth $785,000 after buying an additional 450 shares in 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 worth $3,497,000 after buying an additional 450 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. TheStreet raised PepsiCo from a “c+” rating to a “b-” rating in a research report on Friday, July 6th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Citigroup lifted their target price on PepsiCo from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $117.89.



Shares of PEP opened at $112.89 on Tuesday. The stock has a market cap of $155.91 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.51.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $16.49 billion during 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 company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

In other PepsiCo news, EVP Mehmood Khan sold 168,295 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 173,702 shares in the company, valued at $19,128,064.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the transaction, the chief executive officer now owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,819 shares of company stock valued at $20,406,438. Corporate insiders own 0.27% of the company’s stock.

PepsiCo Company Profile

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.

Further Reading: Bull Market

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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