Natixis Acquires 155,627 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Natixis raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 336.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,934 shares of the company’s stock after buying an additional 155,627 shares during the period. Natixis’ holdings in PepsiCo were worth $29,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Red Door Wealth Management LLC lifted its holdings in shares of PepsiCo by 22.5% during the 2nd quarter. Red Door Wealth Management LLC now owns 9,937 shares of the company’s stock worth $1,472,000 after acquiring an additional 1,824 shares during the period. JLB & Associates Inc. lifted its holdings in shares of PepsiCo by 2.4% during the 2nd quarter. JLB & Associates Inc. now owns 103,057 shares of the company’s stock worth $15,269,000 after acquiring an additional 2,457 shares during the period. 44 Wealth Management LLC lifted its holdings in shares of PepsiCo by 88.0% during the 2nd quarter. 44 Wealth Management LLC now owns 10,116 shares of the company’s stock worth $1,499,000 after acquiring an additional 4,736 shares during the period. Carnegie Capital Asset Management LLC lifted its holdings in shares of PepsiCo by 2.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 131,021 shares of the company’s stock worth $19,409,000 after acquiring an additional 3,210 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of PepsiCo by 94.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 44,338 shares of the company’s stock worth $6,272,000 after acquiring an additional 21,538 shares during the period. 70.55% of the stock is owned by institutional investors.

Shares of PEP stock traded up $0.98 on Thursday, reaching $158.97. The company’s stock had a trading volume of 6,600 shares, compared to its average volume of 4,897,530. The company has a market capitalization of $219.80 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The stock’s fifty day simple moving average is $155.19 and its 200-day simple moving average is $150.35. PepsiCo, Inc. has a 1 year low of $128.32 and a 1 year high of $159.63. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 2.47.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Monday, October 4th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.06. PepsiCo had a return on equity of 59.56% and a net margin of 11.01%. The company had revenue of $20.19 billion for the quarter, compared to analyst estimates of $19.39 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 6.24 earnings per share for the current year.

Several equities analysts recently commented on PEP shares. Wells Fargo & Company increased their price objective on shares of PepsiCo from $147.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 14th. Credit Suisse Group cut shares of PepsiCo from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $155.00 to $157.00 in a report on Wednesday, July 14th. Barclays raised their price objective on shares of PepsiCo from $165.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, October 7th. Guggenheim raised their price objective on shares of PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 21st. Finally, UBS Group raised their price objective on shares of PepsiCo from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $162.86.

In related news, SVP Marie T. Gallagher sold 7,409 shares of the business’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $155.70, for a total transaction of $1,153,581.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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