Los Angeles Capital Management LLC Has $16.87 Million Stake in PepsiCo, Inc. $PEP

Los Angeles Capital Management LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 69.0% during the second quarter, Holdings Channel.com reports. The firm owned 127,790 shares of the company’s stock after selling 284,294 shares during the period. Los Angeles Capital Management LLC’s holdings in PepsiCo were worth $16,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Claris Advisors LLC MO boosted its position in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after purchasing an additional 308 shares during the period. Foster Group Inc. lifted its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after buying an additional 229 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after buying an additional 151 shares during the period. Merit Financial Group LLC grew its stake in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after buying an additional 36,239 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after acquiring an additional 620 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $142.95 on Friday. The company has a market cap of $195.46 billion, a price-to-earnings ratio of 27.18, 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 $166.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a fifty day moving average price of $145.31 and a 200-day moving average price of $139.73.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the business earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PEP. Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday, October 23rd. Citigroup decreased their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Wells Fargo & Company increased their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group upped their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Company 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.