Investec Asset Management LTD Lowers Holdings in PepsiCo, Inc. (PEP)

Investec Asset Management LTD decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 24.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,016,667 shares of the company’s stock after selling 666,607 shares during the period. PepsiCo accounts for about 1.1% of Investec Asset Management LTD’s holdings, making the stock its 24th biggest position. Investec Asset Management LTD owned about 0.14% of PepsiCo worth $219,555,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PEP. Cambridge Investment Research Advisors Inc. raised its position in shares of PepsiCo by 7.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 172,118 shares of the company’s stock valued at $18,738,000 after purchasing an additional 11,572 shares during the period. Cox Capital Co LLC bought a new stake in shares of PepsiCo in the second quarter valued at approximately $1,051,000. Investec Asset Management PTY Ltd raised its position in shares of PepsiCo by 1,224.7% in the second quarter. Investec Asset Management PTY Ltd now owns 50,299 shares of the company’s stock valued at $5,476,000 after purchasing an additional 46,502 shares during the period. Federated Investors Inc. PA raised its position in shares of PepsiCo by 38.4% in the second quarter. Federated Investors Inc. PA now owns 2,269,653 shares of the company’s stock valued at $247,097,000 after purchasing an additional 629,143 shares during the period. Finally, Oarsman Capital Inc. raised its position in shares of PepsiCo by 10.5% in the second quarter. Oarsman Capital Inc. now owns 15,508 shares of the company’s stock valued at $1,688,000 after purchasing an additional 1,479 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PEP opened at $112.38 on Thursday. The company has a market cap of $155.91 billion, a P/E ratio of 21.49, a PEG ratio of 2.83 and a beta of 0.67. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.51. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15.

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

In related news, EVP David Yawman sold 12,024 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 59,133 shares of the company’s stock, valued at $6,326,639.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the transaction, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,819 shares of company stock valued at $20,406,438. 0.27% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Morgan Stanley reissued an “overweight” rating on shares of PepsiCo in a research report on Friday, October 5th. Macquarie lowered shares of PepsiCo from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $122.00 to $107.00 in a research report on Friday, October 5th. Finally, Deutsche Bank lowered their price target on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $117.89.

About PepsiCo

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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