Bernzott Capital Advisors Raises Position in PepsiCo, Inc. (PEP)

Bernzott Capital Advisors boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 39.4% during the second quarter, Holdings Channel reports. The fund owned 62,257 shares of the company’s stock after acquiring an additional 17,601 shares during the period. Bernzott Capital Advisors’ holdings in PepsiCo were worth $6,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. HC Financial Advisors Inc. bought a new stake in PepsiCo during the 4th quarter worth $1,040,000. Buckley Wealth Management LLC grew its position in PepsiCo by 11.0% during the 1st quarter. Buckley Wealth Management LLC now owns 6,496 shares of the company’s stock worth $709,000 after acquiring an additional 646 shares during the last quarter. Connecticut Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter worth $274,000. Skba Capital Management LLC grew its position in PepsiCo by 1.0% during the 1st quarter. Skba Capital Management LLC now owns 121,590 shares of the company’s stock worth $13,272,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Santa Barbara Asset Management LLC grew its position in PepsiCo by 5.5% during the 1st quarter. Santa Barbara Asset Management LLC now owns 1,493,986 shares of the company’s stock worth $163,069,000 after acquiring an additional 77,460 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Mehmood Khan sold 168,295 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total value of $18,532,645.40. Following the transaction, the executive vice president now directly owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the transaction, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The disclosure for this sale can be found here. Insiders sold a total of 185,819 shares of company stock worth $20,406,438 over the last three months. 0.27% of the stock is owned by company insiders.

Shares of NASDAQ:PEP opened at $113.77 on Wednesday. The stock has a market capitalization of $155.91 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on PEP shares. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley reduced their price objective on PepsiCo from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. JPMorgan Chase & Co. set a $128.00 price objective on PepsiCo and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Deutsche Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 price objective on the stock. in a research report on Tuesday, July 3rd. Finally, Citigroup lifted their target price on PepsiCo from $111.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $117.89.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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