November 10, 2019 at 6:59 pm

PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Whitnell & Co.

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Whitnell & Co. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 35.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,424 shares of the company’s stock after purchasing an additional 9,470 shares during the period. PepsiCo comprises approximately 1.7% of Whitnell & Co.’s portfolio, making the stock its 13th biggest holding. Whitnell & Co.’s holdings in PepsiCo were worth $4,994,000 at the end of the most recent quarter.

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Other institutional investors have also recently bought and sold shares of the company. Personal Wealth Partners acquired a new stake in shares of PepsiCo during the second quarter valued at $25,000. Krane Funds Advisors LLC acquired a new stake in shares of PepsiCo during the second quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the second quarter valued at $27,000. Financial Advantage Inc. acquired a new stake in shares of PepsiCo during the second quarter valued at $28,000. Finally, Vista Private Wealth Partners. LLC acquired a new stake in shares of PepsiCo during the third quarter valued at $36,000. 71.70% of the stock is currently owned by institutional investors.

NASDAQ PEP traded down $0.19 during trading hours on Friday, hitting $133.13. 2,603,900 shares of the company’s stock were exchanged, compared to its average volume of 4,495,963. PepsiCo, Inc. has a 12-month low of $105.03 and a 12-month high of $140.45. The business’s 50 day moving average is $136.50 and its 200-day moving average is $132.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The firm has a market capitalization of $186.87 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56.

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

A number of research firms recently commented on PEP. Atlantic Securities began coverage on PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective on the stock. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. set a $154.00 price objective on PepsiCo and gave the company a “buy” rating in a research note on Thursday, October 3rd. Citigroup increased their price objective on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $154.00 price objective on shares of PepsiCo in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $135.53.

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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