Public Employees Retirement Association of Colorado Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Public Employees Retirement Association of Colorado increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,118,497 shares of the company’s stock after purchasing an additional 116,544 shares during the quarter. PepsiCo accounts for 0.9% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 22nd largest position. Public Employees Retirement Association of Colorado owned approximately 0.08% of PepsiCo worth $153,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of PepsiCo by 0.7% in the second quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after purchasing an additional 838,652 shares in the last quarter. BlackRock Inc. raised its position in shares of PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock worth $13,422,659,000 after purchasing an additional 1,413,723 shares during the period. Northern Trust Corp raised its position in shares of PepsiCo by 0.7% during the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock worth $2,729,962,000 after purchasing an additional 143,784 shares during the period. Bank of New York Mellon Corp raised its position in shares of PepsiCo by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock worth $2,607,480,000 after purchasing an additional 378,960 shares during the period. Finally, Morgan Stanley raised its position in shares of PepsiCo by 1.1% during the second quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock worth $1,450,090,000 after purchasing an additional 117,564 shares during the period. Institutional investors and hedge funds own 71.70% of the company’s stock.

A number of equities research analysts recently issued reports on PEP shares. Credit Suisse Group lifted their target price on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the company a “buy” rating in a research report on Thursday, October 3rd. Atlantic Securities started coverage on PepsiCo in a research report on Monday, July 29th. They issued an “overweight” rating and a $145.00 target price on the stock. Guggenheim set a $130.00 target price on PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $133.00 target price (up previously from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus target price of $135.53.

Shares of NASDAQ:PEP traded down $0.19 during trading on Friday, hitting $133.13. 2,603,900 shares of the company were exchanged, compared to its average volume of 4,495,963. The stock has a market cap of $186.87 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.48 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The firm has a fifty day moving average price of $136.50 and a two-hundred day moving average price of $132.56. PepsiCo, Inc. has a fifty-two week low of $105.03 and a fifty-two week high of $140.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. PepsiCo’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current year.

PepsiCo Profile

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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