West Branch Capital LLC Buys 6,455 Shares of PepsiCo, Inc. (NASDAQ:PEP)

West Branch Capital LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 256.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,968 shares of the company’s stock after purchasing an additional 6,455 shares during the quarter. West Branch Capital LLC’s holdings in PepsiCo were worth $1,229,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Personal Wealth Partners bought a new stake in PepsiCo during the second quarter valued at about $25,000. Krane Funds Advisors LLC bought a new stake in PepsiCo during the second quarter valued at about $25,000. Evolution Wealth Advisors LLC bought a new stake in PepsiCo during the second quarter valued at about $27,000. Financial Advantage Inc. bought a new stake in PepsiCo during the second quarter valued at about $28,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in PepsiCo during the third quarter valued at about $36,000. 71.66% of the stock is currently owned by institutional investors.

A number of research firms have commented on PEP. BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday. SunTrust Banks reissued a “hold” rating and set a $125.00 price target on shares of PepsiCo in a report on Wednesday, July 10th. Morgan Stanley raised their price target on PepsiCo from $149.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, October 4th. UBS Group raised their price target on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $133.00 price target (up from $128.00) on shares of PepsiCo in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $135.53.

In other news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction dated 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 sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The sale 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.

Shares of PEP stock traded up $0.40 during trading hours on Thursday, hitting $137.85. The stock had a trading volume of 158,108 shares, compared to its average volume of 3,939,397. PepsiCo, Inc. has a one year low of $105.03 and a one year high of $140.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The stock’s 50-day moving average price is $136.65 and its two-hundred day moving average price is $131.56. The stock has a market capitalization of $190.56 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.55 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (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 for the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

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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