Integrated Investment Consultants LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Integrated Investment Consultants LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.5% during the 3rd quarter, Holdings Channel reports. The fund owned 7,059 shares of the company’s stock after acquiring an additional 556 shares during the period. Integrated Investment Consultants LLC’s holdings in PepsiCo were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. West Oak Capital LLC increased its position in PepsiCo by 0.5% in the 3rd quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after acquiring an additional 75 shares during the period. First Bank & Trust boosted its position in shares of PepsiCo by 0.5% in the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock worth $1,995,000 after buying an additional 75 shares during the period. Stillwater Investment Management LLC boosted its position in PepsiCo by 0.5% during the third quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock valued at $2,086,000 after purchasing an additional 79 shares during the last quarter. Stuart Chaussee & Associates Inc. boosted its position in PepsiCo by 18.8% during the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after purchasing an additional 80 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in PepsiCo by 2.5% during the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 71.66% of the company’s stock.

Several research firms have weighed in on PEP. Atlantic Securities began coverage on PepsiCo in a report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. Credit Suisse Group lifted their price objective on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a report on Friday, October 4th. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Cowen lifted their price objective on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.53.

Shares of PepsiCo stock traded up $0.95 on Tuesday, hitting $137.07. 627,102 shares of the company’s stock traded hands, compared to its average volume of 4,030,421. The firm’s 50-day moving average price is $136.66 and its two-hundred day moving average price is $131.41. The stock has a market capitalization of $189.99 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 3.54 and a beta of 0.56. PepsiCo, Inc. has a one year low of $105.03 and a one year high of $140.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.06. The business had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. On average, analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

In other news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

PepsiCo Profile

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

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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