Federated Investors Inc. PA Raises Position in PepsiCo, Inc. (PEP)

Federated Investors Inc. PA increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.4% in the 2nd quarter, Holdings Channel reports. The firm owned 2,269,653 shares of the company’s stock after acquiring an additional 629,143 shares during the period. PepsiCo accounts for 0.7% of Federated Investors Inc. PA’s holdings, making the stock its 23rd biggest position. Federated Investors Inc. PA’s holdings in PepsiCo were worth $247,097,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. BlackRock Inc. raised its holdings in shares of PepsiCo by 5.1% in the first quarter. BlackRock Inc. now owns 92,561,144 shares of the company’s stock worth $10,103,049,000 after acquiring an additional 4,496,990 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of PepsiCo by 20.4% in the second quarter. Bank of New York Mellon Corp now owns 18,389,677 shares of the company’s stock worth $2,002,085,000 after acquiring an additional 3,115,305 shares during the last quarter. Millennium Management LLC raised its holdings in shares of PepsiCo by 2,616.0% in the first quarter. Millennium Management LLC now owns 1,447,539 shares of the company’s stock worth $157,999,000 after acquiring an additional 1,394,243 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of PepsiCo by 11,356.2% in the second quarter. Cornerstone Wealth Management LLC now owns 1,174,945 shares of the company’s stock worth $10,730,000 after acquiring an additional 1,164,689 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of PepsiCo by 22.8% in the second quarter. American Century Companies Inc. now owns 5,440,832 shares of the company’s stock worth $592,343,000 after acquiring an additional 1,011,788 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

In other PepsiCo news, EVP David Yawman sold 12,024 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now owns 59,133 shares of the company’s stock, valued at $6,326,639.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mehmood Khan sold 168,295 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total value of $18,532,645.40. Following the sale, the executive vice president now directly owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,819 shares of company stock valued at $20,406,438. 0.27% of the stock is owned by company insiders.

PEP stock opened at $112.38 on Thursday. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $122.51. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. The stock has a market cap of $155.91 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.83 and a beta of 0.67.

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

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of PepsiCo in a research note on Friday, October 5th. Macquarie lowered PepsiCo from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $122.00 to $107.00 in a research note on Friday, October 5th. Finally, Deutsche Bank dropped their target price on PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a research note on Wednesday, October 3rd. One equities research 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 currently has an average rating of “Hold” and a consensus 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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