PepsiCo, Inc. $PEP Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,936,037 shares of the company’s stock after purchasing an additional 1,761,785 shares during the period. Vanguard Group Inc. owned about 10.00% of PepsiCo worth $18,081,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. IFP Advisors Inc boosted its position in PepsiCo by 5.3% during the first quarter. IFP Advisors Inc now owns 19,649 shares of the company’s stock worth $2,946,000 after acquiring an additional 992 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in PepsiCo by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 105,959 shares of the company’s stock valued at $15,888,000 after acquiring an additional 4,059 shares in the last quarter. William Allan Corp raised its holdings in PepsiCo by 53.3% in the 1st quarter. William Allan Corp now owns 21,672 shares of the company’s stock valued at $3,249,000 after acquiring an additional 7,539 shares during the last quarter. Finally, Miller Financial Services LLC boosted its holdings in shares of PepsiCo by 9.1% during the 1st quarter. Miller Financial Services LLC now owns 8,189 shares of the company’s stock worth $1,228,000 after purchasing an additional 683 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $147.83 on Tuesday. The company has a market cap of $202.13 billion, a P/E ratio of 28.10, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $165.13. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm’s 50 day moving average price is $145.07 and its 200 day moving average price is $140.16.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. Barclays lifted their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. HSBC lifted their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Tuesday, October 21st. Loop Capital set a $164.00 price target on shares of PepsiCo in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company raised their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $156.95.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.