Patton Albertson Miller Group LLC Has $1.04 Million Holdings in Pepsico, Inc. (PEP)

Patton Albertson Miller Group LLC trimmed its stake in Pepsico, Inc. (NYSE:PEP) by 47.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,952 shares of the company’s stock after selling 8,180 shares during the period. Patton Albertson Miller Group LLC’s holdings in Pepsico were worth $1,040,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PEP. Founders Capital Management LLC grew its position in Pepsico by 0.6% in the first quarter. Founders Capital Management LLC now owns 98,934 shares of the company’s stock valued at $11,067,000 after acquiring an additional 595 shares during the period. Robshaw & Julian Associates Inc. grew its position in Pepsico by 7.9% in the first quarter. Robshaw & Julian Associates Inc. now owns 41,110 shares of the company’s stock valued at $4,599,000 after acquiring an additional 2,999 shares during the period. AMI Investment Management Inc. grew its position in Pepsico by 128.7% in the first quarter. AMI Investment Management Inc. now owns 58,311 shares of the company’s stock valued at $2,290,000 after acquiring an additional 32,809 shares during the period. Alexandria Capital LLC grew its position in Pepsico by 0.5% in the first quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock valued at $465,000 after acquiring an additional 21 shares during the period. Finally, Mycio Wealth Partners LLC grew its position in Pepsico by 27.0% in the first quarter. Mycio Wealth Partners LLC now owns 7,611 shares of the company’s stock valued at $851,000 after acquiring an additional 1,618 shares during the period. Hedge funds and other institutional investors own 70.65% of the company’s stock.

Pepsico, Inc. (NYSE PEP) opened at $112.75 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The stock has a market capitalization of $159,890.00, a price-to-earnings ratio of 21.88, a PEG ratio of 3.04 and a beta of 0.66.

Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the 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 business 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 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

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In other news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

A number of brokerages have weighed in on PEP. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, August 22nd. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $126.00 to $124.00 in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $121.35.

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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