PepsiCo, Inc. (PEP) Shares Bought by Federated Investors Inc. PA

Federated Investors Inc. PA lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,269,653 shares of the company’s stock after acquiring an additional 629,143 shares during the period. PepsiCo accounts for approximately 0.7% of Federated Investors Inc. PA’s investment portfolio, making the stock its 23rd biggest holding. Federated Investors Inc. PA owned approximately 0.16% of PepsiCo worth $247,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. WP Advisors LLC purchased a new position in PepsiCo during the 2nd quarter worth approximately $118,000. Well Done LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $125,000. Atlas Capital Advisors LLC grew its stake in shares of PepsiCo by 85.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after purchasing an additional 600 shares during the last quarter. Independent Order of Foresters purchased a new position in shares of PepsiCo in the 2nd quarter valued at approximately $152,000. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $154,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo stock opened at $112.38 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The company has a market capitalization of $155.91 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

In related news, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total value of $1,286,447.76. Following the sale, the executive vice president now directly owns 59,133 shares in the company, valued at $6,326,639.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total value of $18,532,645.40. Following the completion of the sale, the executive vice president now owns 173,702 shares in the company, valued at $19,128,064.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,819 shares of company stock worth $20,406,438. Company insiders own 0.27% of the company’s stock.

Several research analysts have weighed in on PEP shares. BMO Capital Markets lowered their target price on PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 3rd. Susquehanna Bancshares lowered their target price on PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research note on Friday, September 28th. Macquarie downgraded PepsiCo from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $122.00 to $107.00 in a research note on Friday, October 5th. Morgan Stanley reiterated an “overweight” rating on shares of PepsiCo in a research note on Friday, October 5th. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. PepsiCo presently has a consensus 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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