Bingham Osborn & Scarborough LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bingham Osborn & Scarborough LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,446 shares of the company’s stock after acquiring an additional 816 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in PepsiCo were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC raised its stake in shares of PepsiCo by 0.5% during the third quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after purchasing an additional 75 shares during the period. First Bank & Trust raised its stake in shares of PepsiCo by 0.5% during the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after purchasing an additional 75 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of PepsiCo by 2.5% during the third quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock valued at $429,000 after purchasing an additional 76 shares during the period. Stillwater Investment Management LLC raised its stake in shares of PepsiCo by 0.5% during the third quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock valued at $2,086,000 after purchasing an additional 79 shares during the period. Finally, Stuart Chaussee & Associates Inc. raised its stake in shares of PepsiCo by 18.8% during the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 71.70% of the company’s stock.

A number of research firms have recently issued reports on PEP. Morgan Stanley reiterated a “buy” rating and set a $154.00 price objective on shares of PepsiCo in a research note on Tuesday, October 29th. Citigroup lifted their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a research note on Thursday, October 3rd. Atlantic Securities began coverage on shares of PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective on the stock. Finally, ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $135.53.

Shares of PEP stock traded down $0.19 during mid-day trading on Friday, reaching $133.13. 2,603,900 shares of the company were exchanged, compared to its average volume of 4,495,963. PepsiCo, Inc. has a fifty-two week low of $105.03 and a fifty-two week high of $140.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The company has a market capitalization of $186.87 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.48 and a beta of 0.56. The business’s 50 day simple moving average is $136.50 and its 200 day simple moving average is $132.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.06. The business had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 5.5 EPS for the current year.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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