Duncker Streett & Co. Inc. increased its position in shares of PepsiCo Inc. (NYSE:PEP) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,157 shares of the company’s stock after buying an additional 206 shares during the period. Duncker Streett & Co. Inc.’s holdings in PepsiCo were worth $2,665,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC bought a new position in PepsiCo during the first quarter worth about $37,227,000. Sadoff Investment Management LLC raised its position in PepsiCo by 3.3% in the first quarter. Sadoff Investment Management LLC now owns 2,531 shares of the company’s stock worth $259,000 after buying an additional 80 shares during the last quarter. Lodestar Investment Counsel LLC IL raised its position in PepsiCo by 12.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 83,975 shares of the company’s stock worth $8,606,000 after buying an additional 9,617 shares during the last quarter. Stokes & Hubbell Capital Management LLC raised its position in PepsiCo by 1.2% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 58,153 shares of the company’s stock worth $5,959,000 after buying an additional 670 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in PepsiCo by 6.6% in the first quarter. Tompkins Financial Corp now owns 35,953 shares of the company’s stock worth $3,684,000 after buying an additional 2,232 shares during the last quarter. 70.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.15% during midday trading on Thursday, reaching $105.92. The company’s stock had a trading volume of 3,582,563 shares. The stock has a market capitalization of $151.91 billion, a PE ratio of 23.24 and a beta of 0.46. The stock has a 50-day moving average price of $106.78 and a 200 day moving average price of $105.43. PepsiCo Inc. has a 52 week low of $93.25 and a 52 week high of $110.94.
PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The company had revenue of $16 billion for the quarter. During the same quarter last year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that PepsiCo Inc. will post $4.79 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Argus lifted their price target on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Morgan Stanley restated an “overweight” rating and issued a $121.00 price target on shares of PepsiCo in a research note on Friday, September 30th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a research note on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $113.68.
In other news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the transaction, the executive vice president now directly owns 164,464 shares in the company, valued at approximately $17,646,987.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.