M. Kraus & Co Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

M. Kraus & Co increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,676 shares of the company’s stock after buying an additional 1,733 shares during the quarter. PepsiCo comprises 3.6% of M. Kraus & Co’s holdings, making the stock its 14th largest position. M. Kraus & Co’s holdings in PepsiCo were worth $6,674,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in PepsiCo by 0.7% in the second quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after purchasing an additional 838,652 shares during the period. BlackRock Inc. raised its position in PepsiCo by 1.4% in the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares during the period. Northern Trust Corp raised its position in PepsiCo by 0.7% in the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after purchasing an additional 143,784 shares during the period. Bank of New York Mellon Corp raised its position in PepsiCo by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock valued at $2,607,480,000 after purchasing an additional 378,960 shares during the period. Finally, Morgan Stanley raised its position in PepsiCo by 1.1% in the second quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock valued at $1,450,090,000 after purchasing an additional 117,564 shares during the period. Hedge funds and other institutional investors own 71.46% of the company’s stock.

A number of research firms have commented on PEP. 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. Cowen lifted their price objective on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Morgan Stanley lifted their price objective on PepsiCo from $149.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Credit Suisse Group lifted their price objective on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. PepsiCo has a consensus rating of “Hold” and a consensus target price of $135.53.



PEP traded up $0.06 on Thursday, hitting $137.91. 223,776 shares of the company were exchanged, compared to its average volume of 4,475,189. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $140.45. The company has a market cap of $192.91 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.60 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average price of $135.77 and a two-hundred day moving average price of $130.48.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 3rd. The company reported $1.56 EPS 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 firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the previous year, the firm posted $1.59 EPS. PepsiCo’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current year.

In related 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 transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

About PepsiCo

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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