Retirement Systems of Alabama raised its position in Pepsico, Inc. (NYSE:PEP) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,016 shares of the company’s stock after buying an additional 2,726 shares during the quarter. Pepsico accounts for 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 24th biggest holding. Retirement Systems of Alabama owned 0.08% of Pepsico worth $129,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Barnett & Company Inc. grew its holdings in Pepsico by 270.4% in the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after buying an additional 657 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares in the last quarter. Millie Capital Management LLC acquired a new stake in shares of Pepsico during the 1st quarter worth $202,000. Spectrum Management Group Inc. acquired a new stake in shares of Pepsico during the 1st quarter worth $205,000. Finally, Windsor Financial Group LLC acquired a new stake in shares of Pepsico during the 1st quarter worth $205,000. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pepsico, Inc. (NYSE PEP) opened at 110.23 on Wednesday. The firm has a market capitalization of $156.76 billion, a price-to-earnings ratio of 22.78 and a beta of 0.68. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The company has a 50-day moving average price of $111.82 and a 200 day moving average price of $114.66.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Pepsico, Inc. will post $5.22 EPS for the current year.

PEP has been the topic of several analyst reports. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, August 22nd. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Jefferies Group LLC lowered Pepsico from a “buy” rating to a “hold” rating and reduced their target price for the stock from $133.00 to $108.00 in a report on Monday, October 2nd. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $115.00 target price on shares of Pepsico in a report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.35.

In other news, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares in the company, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

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Pepsico Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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