PepsiCo, Inc. (PEP) Holdings Boosted by Van ECK Associates Corp

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Van ECK Associates Corp raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 130.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 381,665 shares of the company’s stock after acquiring an additional 215,782 shares during the quarter. Van ECK Associates Corp’s holdings in PepsiCo were worth $41,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. WP Advisors LLC purchased a new position in shares of PepsiCo in the second quarter worth about $118,000. Well Done LLC purchased a new position in shares of PepsiCo in the first quarter worth about $125,000. Atlas Capital Advisors LLC lifted its stake in shares of PepsiCo by 85.7% in the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock worth $149,000 after buying an additional 600 shares in the last quarter. Independent Order of Foresters purchased a new position in shares of PepsiCo in the second quarter worth about $152,000. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of PepsiCo in the first quarter worth about $154,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

In other PepsiCo news, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now directly owns 59,133 shares in the company, valued at $6,326,639.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the sale, the executive vice president now owns 173,702 shares of the company’s stock, valued at $19,128,064.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,893 shares of company stock valued at $22,663,157. Company insiders own 0.27% of the company’s stock.

PEP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Morgan Stanley cut their price objective on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. JPMorgan Chase & Co. set a $128.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Citigroup raised their price objective on shares of PepsiCo from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. Finally, Cfra set a $129.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $117.89.

Shares of PEP opened at $115.21 on Wednesday. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The stock has a market cap of $156.92 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.78 and a beta of 0.58. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The business had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. During the same period last year, the business earned $1.48 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

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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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