Whitnell & Co. Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Whitnell & Co. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 35.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,424 shares of the company’s stock after buying an additional 9,470 shares during the quarter. PepsiCo accounts for 1.7% of Whitnell & Co.’s portfolio, making the stock its 13th largest position. Whitnell & Co.’s holdings in PepsiCo were worth $4,994,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Personal Wealth Partners purchased a new position in shares of PepsiCo during the 2nd quarter worth about $25,000. Krane Funds Advisors LLC purchased a new stake in PepsiCo during the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC purchased a new stake in PepsiCo during the 2nd quarter worth approximately $27,000. Financial Advantage Inc. purchased a new stake in PepsiCo during the 2nd quarter worth approximately $28,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in PepsiCo during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 71.70% of the company’s stock.

Shares of PEP traded down $0.19 during mid-day trading on Friday, reaching $133.13. The stock had a trading volume of 2,603,900 shares, compared to its average volume of 4,495,963. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. PepsiCo, Inc. has a 52-week low of $105.03 and a 52-week high of $140.45. The business’s fifty day moving average is $136.50 and its 200 day moving average is $132.56. The firm 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.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The company had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

Several research firms have recently commented on PEP. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a report on Thursday, October 3rd. ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets restated a “market perform” rating and set a $133.00 price objective (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Finally, Deutsche Bank upped their price objective on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. PepsiCo has an average rating of “Hold” and a consensus price target of $135.53.

PepsiCo Company 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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