Honeywell International Inc. Maintains Position in Pepsico, Inc. (PEP)

Honeywell International Inc. maintained its stake in Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,500 shares of the company’s stock at the end of the 2nd quarter. Honeywell International Inc.’s holdings in Pepsico were worth $23,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accurate Investment Solutions Inc. raised its stake in shares of Pepsico by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after acquiring an additional 5 shares in the last quarter. Northwest Wealth Management LLC raised its stake in shares of Pepsico by 0.4% during the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after acquiring an additional 11 shares in the last quarter. Willingdon Wealth Management raised its stake in shares of Pepsico by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after acquiring an additional 16 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Pepsico by 0.7% during the first quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after acquiring an additional 20 shares in the last quarter. Finally, Alexandria Capital LLC raised its stake in shares of Pepsico by 0.5% during the first quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock worth $465,000 after acquiring an additional 21 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors and hedge funds.

In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares in the company, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. Pepsico’s quarterly revenue was up 1.3% compared to the same quarter last year.

Several research firms have commented on PEP. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $133.00 price target (down from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BMO Capital Markets reissued a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Finally, Cowen and Company reissued a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $121.35.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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