Roffman Miller Associates Inc. PA lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,935 shares of the company’s stock after buying an additional 9,163 shares during the period. PepsiCo makes up 2.6% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 17th biggest position. Roffman Miller Associates Inc. PA’s holdings in PepsiCo were worth $21,440,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of PEP. IFP Advisors Inc raised its stake in PepsiCo by 1.2% during the second quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after purchasing an additional 443 shares during the period. Heritage Way Advisors LLC raised its stake in PepsiCo by 2.6% during the second 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 during the period. R.M.SINCERBEAUX Capital Management LLC raised its stake in PepsiCo by 22.5% during the second 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 during the period. Edgemoor Investment Advisors Inc. raised its stake in PepsiCo by 6.7% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after purchasing an additional 450 shares during the period. Finally, Sigma Planning Corp raised its stake in PepsiCo by 1.4% during the second quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after purchasing an additional 450 shares during the period. 70.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PEP opened at $105.28 on Friday. 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 $158.12 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.63 and a beta of 0.67. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 3.00.
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 7.14% and a return on equity of 67.06%. 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 5.69 earnings per share for the current fiscal year.
A number of brokerages have commented on PEP. Goldman Sachs Group reaffirmed a “sell” rating and set a $108.00 target price on shares of PepsiCo in a research note on Monday, August 20th. Guggenheim began coverage on shares of PepsiCo in a research note on Thursday, September 13th. They set a “neutral” rating and a $117.00 target price on the stock. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. SunTrust Banks lifted their target price on shares of PepsiCo to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.89.
In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction dated 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 sale, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.
PepsiCo Company 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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