Trading Report: The PepsiCo Inc. (PEP) Stake Maintained by Dumont & Blake Investment Advisors LLC

The PepsiCo Inc. (PEP) Stake Maintained by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC held its position in shares of PepsiCo Inc. (NYSE:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,134 shares of the company’s stock at the end of the second quarter. Dumont & Blake Investment Advisors LLC’s holdings in PepsiCo were worth $1,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. D. Scott Neal Inc. increased its stake 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 in the last quarter. Piershale Financial Group Inc. increased its stake 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 in the last quarter. Stelac Advisory Services LLC increased its stake 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 in the last quarter. Cypress Capital Management LLC WY purchased a new stake in PepsiCo during the second quarter worth about $129,000. Finally, Gradient Investments LLC increased its stake 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 in the last quarter. 70.04% of the stock is owned by institutional investors and hedge funds.

PepsiCo Inc. (NYSE:PEP) traded up 0.41% on Friday, reaching $107.07. 3,378,934 shares of the company were exchanged. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94. The stock has a market capitalization of $153.56 billion, a P/E ratio of 23.49 and a beta of 0.46. The company’s 50-day moving average price is $106.51 and its 200-day moving average price is $105.70.

PepsiCo (NYSE:PEP) last posted its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm had revenue of $16 billion for the quarter. During the same period in the previous year, the firm earned $1.35 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo Inc. will post $4.81 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on PEP. Jefferies Group reiterated a “buy” rating and set a $124.00 price objective (up from $119.00) on shares of PepsiCo in a research note on Wednesday, July 6th. Deutsche Bank AG increased their price target on PepsiCo from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 8th. Susquehanna restated a “neutral” rating on shares of PepsiCo in a report on Sunday, July 10th. Argus increased their price target on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $113.68.

About PepsiCo

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.

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