Acropolis Investment Management LLC Purchases 880 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Acropolis Investment Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,642 shares of the company’s stock after acquiring an additional 880 shares during the period. Acropolis Investment Management LLC’s holdings in PepsiCo were worth $1,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in PepsiCo by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock worth $14,961,613,000 after purchasing an additional 838,652 shares in the last quarter. BlackRock Inc. raised its position in shares of PepsiCo by 1.4% in the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after buying an additional 1,413,723 shares in the last quarter. Northern Trust Corp raised its position in shares of PepsiCo by 0.7% in the 2nd quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after buying an additional 143,784 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of PepsiCo by 1.9% in the 2nd 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 buying an additional 378,960 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of PepsiCo by 1.1% in the 2nd quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock valued at $1,450,090,000 after buying an additional 117,564 shares in the last quarter. 71.67% of the stock is owned by institutional investors.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, 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 this hyperlink. Insiders own 0.28% of the company’s stock.

Shares of PepsiCo stock traded down $1.09 during midday trading on Tuesday, hitting $136.36. 1,363,805 shares of the company traded hands, compared to its average volume of 4,259,447. The stock has a market cap of $191.93 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.58 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm’s fifty day moving average price is $136.39 and its 200-day moving average price is $130.91. PepsiCo, Inc. has a 12 month low of $105.03 and a 12 month high of $140.45.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.06. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

PEP has been the subject of several analyst reports. Citigroup boosted their target price on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. Morgan Stanley boosted their target price on shares of PepsiCo from $149.00 to $154.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks restated a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $135.53.

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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