9,658 Shares in PepsiCo, Inc. (PEP) Purchased by Cox Capital Co LLC

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Cox Capital Co LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,658 shares of the company’s stock, valued at approximately $1,051,000.

Several other large investors have also made changes to their positions in the business. IFP Advisors Inc grew its position in shares of PepsiCo by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after purchasing an additional 443 shares in the last quarter. Heritage Way Advisors LLC grew its position in shares of PepsiCo by 2.6% during the 2nd quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock worth $1,913,000 after purchasing an additional 450 shares in the last quarter. R.M.SINCERBEAUX Capital Management LLC grew its position in shares of PepsiCo by 22.5% during the 2nd quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after purchasing an additional 450 shares in the last quarter. Edgemoor Investment Advisors Inc. grew its position in shares of PepsiCo by 6.7% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after purchasing an additional 450 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of PepsiCo by 1.4% during the 2nd quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

A number of brokerages have issued reports on PEP. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Guggenheim began coverage on shares of PepsiCo in a research report on Thursday, September 13th. They set a “neutral” rating and a $117.00 target price on the stock. Susquehanna Bancshares decreased their target price on shares of PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research report on Friday, September 28th. Finally, Citigroup decreased their target price on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $117.89.

NASDAQ PEP opened at $112.38 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The company has a market cap of $155.91 billion, a P/E ratio of 21.49, a PEG ratio of 2.83 and a beta of 0.67. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. Equities analysts expect that PepsiCo, Inc. will post 5.65 EPS for the current year.

In related news, EVP David Yawman sold 12,024 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total value of $1,286,447.76. Following the completion of the transaction, the executive vice president now owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the transaction, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. In the last three months, insiders sold 185,819 shares of company stock valued at $20,406,438. 0.27% of the stock is owned by insiders.

PepsiCo Profile

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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