Opus Capital Group LLC lowered its position in PepsiCo Inc. (NYSE:PEP) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,859 shares of the company’s stock after selling 576 shares during the period. Opus Capital Group LLC’s holdings in PepsiCo were worth $1,151,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in PEP. D. Scott Neal Inc. raised its position in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the period. Piershale Financial Group Inc. raised its position in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the period. Stelac Advisory Services LLC raised its position in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the period. Cypress Capital Management LLC WY purchased a new position in PepsiCo during the second quarter worth $129,000. Finally, Gradient Investments LLC raised its position in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 70.06% of the company’s stock.
PepsiCo Inc. (NYSE:PEP) traded down 0.37% during mid-day trading on Thursday, reaching $105.69. The company’s stock had a trading volume of 1,391,491 shares. The firm has a 50-day moving average of $106.78 and a 200 day moving average of $105.43. The firm has a market capitalization of $151.58 billion, a price-to-earnings ratio of 23.19 and a beta of 0.46. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94.
PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $16 billion during the quarter. During the same period in the prior year, the business earned $1.35 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that PepsiCo Inc. will post $4.79 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Vetr lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price objective on the stock. in a research report on Wednesday, June 29th. Argus lifted their price objective on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 13th. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, June 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $122.00 target price (down previously from $124.00) on shares of PepsiCo in a report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $113.68.
In related news, EVP Mehmood Khan sold 51,137 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.
PepsiCo Company Profile
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.