Gofen & Glossberg LLC IL Has $56.03 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Gofen & Glossberg LLC IL reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 408,658 shares of the company’s stock after selling 2,774 shares during the quarter. PepsiCo comprises 1.9% of Gofen & Glossberg LLC IL’s holdings, making the stock its 9th largest holding. Gofen & Glossberg LLC IL’s holdings in PepsiCo were worth $56,027,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PEP. Marietta Wealth Management LLC increased its holdings in shares of PepsiCo by 3.6% during the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock valued at $2,904,000 after acquiring an additional 763 shares in the last quarter. Laurel Wealth Advisors Inc. increased its holdings in shares of PepsiCo by 1.3% during the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after acquiring an additional 296 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of PepsiCo by 27.6% during the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock valued at $456,949,000 after acquiring an additional 754,455 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of PepsiCo by 72.6% during the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock valued at $8,511,000 after acquiring an additional 27,302 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of PepsiCo by 19.0% during the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after buying an additional 864 shares during the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

PEP stock traded down $0.17 during midday trading on Thursday, hitting $137.68. The company’s stock had a trading volume of 636,065 shares, compared to its average volume of 4,475,189. The stock’s 50-day moving average price is $135.77 and its 200 day moving average price is $130.48. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $140.45. The stock has a market cap of $192.91 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 3.60 and a beta of 0.56.



PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Several research analysts recently issued reports on PEP shares. Bank of America lifted their target price on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. UBS Group lifted their target price on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Deutsche Bank lifted their target price on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 target price (up previously from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Finally, Citigroup lifted their target price on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $135.53.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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