Flagship Harbor Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 15.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,540 shares of the company’s stock after purchasing an additional 1,655 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in PepsiCo were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in PepsiCo by 1.4% in the second quarter. BlackRock Inc. now owns 93,852,156 shares of the company’s stock valued at $10,217,684,000 after purchasing an additional 1,291,012 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $2,002,085,000 after purchasing an additional 3,115,305 shares during the last quarter. FMR LLC increased its stake in PepsiCo by 4.9% in the second quarter. FMR LLC now owns 10,129,130 shares of the company’s stock valued at $1,102,759,000 after purchasing an additional 471,913 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in PepsiCo by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,149,424 shares of the company’s stock valued at $996,098,000 after purchasing an additional 376,620 shares during the last quarter. Finally, Yacktman Asset Management LP increased its stake in PepsiCo by 0.6% in the second quarter. Yacktman Asset Management LP now owns 7,852,617 shares of the company’s stock valued at $854,914,000 after purchasing an additional 46,195 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Several equities analysts recently commented on the company. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Susquehanna Bancshares dropped their price target on PepsiCo from $136.00 to $135.00 and set a “positive” rating for the company in a research note on Friday, September 28th. Guggenheim initiated coverage on PepsiCo in a research note on Thursday, September 13th. They set a “neutral” rating and a $117.00 price target for the company. Citigroup dropped their price target on PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a research note on Wednesday, October 3rd. Finally, BMO Capital Markets dropped their price target on PepsiCo from $110.00 to $109.00 and set a “market perform” rating for the company in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $117.89.

In other news, EVP David Yawman sold 12,024 shares of the company’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laxman Narasimhan sold 5,500 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the sale, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock valued at $22,663,157 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Shares of NASDAQ PEP opened at $117.48 on Friday. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year 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 capitalization of $163.19 billion, a PE ratio of 22.46, a P/E/G ratio of 2.89 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

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PepsiCo Company Profile

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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