Charter Trust Co. Has $6.89 Million Holdings in PepsiCo, Inc. (PEP)

Charter Trust Co. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,286 shares of the company’s stock after selling 1,545 shares during the quarter. Charter Trust Co.’s holdings in PepsiCo were worth $6,890,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WP Advisors LLC acquired a new stake in PepsiCo in the 2nd quarter valued at about $118,000. Well Done LLC acquired a new stake in shares of PepsiCo during the 1st quarter worth about $125,000. Atlas Capital Advisors LLC raised its position in shares of PepsiCo by 85.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock worth $149,000 after acquiring an additional 600 shares in the last quarter. Independent Order of Foresters acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $152,000. Finally, Clearwater Capital Advisors LLC acquired a new stake in shares of PepsiCo during the 1st quarter worth about $154,000. Institutional investors own 70.70% of the company’s stock.

Several brokerages have recently weighed in on PEP. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. BMO Capital Markets cut their target price on PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. Macquarie lowered 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 research report on Friday, October 5th. Finally, Guggenheim began coverage on PepsiCo in a research report on Thursday, September 13th. They set a “neutral” rating and a $117.00 target price on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.89.



In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction that occurred 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 transaction, the chief executive officer now owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total value of $18,532,645.40. Following the transaction, the executive vice president now directly 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 ninety days, insiders have sold 185,819 shares of company stock worth $20,406,438. 0.27% of the stock is currently owned by corporate insiders.

PEP opened at $112.38 on Thursday. The company has a market cap of $155.91 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.83 and a beta of 0.67. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. 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 (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal 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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