Valeo Financial Advisors LLC Increases Holdings in PepsiCo, Inc. (PEP)

Valeo Financial Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,808 shares of the company’s stock after purchasing an additional 7,115 shares during the period. Valeo Financial Advisors LLC’s holdings in PepsiCo were worth $4,273,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. WP Advisors LLC purchased a new position in PepsiCo in the second quarter worth about $118,000. Well Done LLC purchased a new position in PepsiCo in the first quarter worth about $125,000. Fort L.P. purchased a new position in PepsiCo in the second quarter worth about $125,000. Atlas Capital Advisors LLC boosted its position in PepsiCo by 85.7% in the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock worth $149,000 after purchasing an additional 600 shares during the last quarter. Finally, Independent Order of Foresters purchased a new position in PepsiCo in the second quarter worth about $152,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of PepsiCo in a research note on Friday, October 5th. Macquarie downgraded PepsiCo from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $122.00 to $107.00 in a research note on Friday, October 5th. Finally, Deutsche Bank decreased their price objective on PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $117.89.

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 transaction of $1,286,447.76. Following the sale, the executive vice president now owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the sale, the chief executive officer now directly owns 130,135 shares in the company, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. Insiders have sold a total of 205,893 shares of company stock worth $22,663,157 in the last three months. 0.27% of the stock is owned by corporate insiders.

Shares of PEP opened at $117.48 on Friday. The company has a market cap of $163.19 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. 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 quick ratio of 1.15 and a current ratio of 1.31.

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

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PepsiCo 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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