PepsiCo, Inc. (PEP) Stake Lessened by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 55.4% in the second quarter, HoldingsChannel.com reports. The firm owned 291,015 shares of the company’s stock after selling 360,800 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in PepsiCo were worth $31,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Boulegeris Investments Inc. boosted its stake in shares of PepsiCo by 1.8% during the second quarter. Boulegeris Investments Inc. now owns 111,185 shares of the company’s stock valued at $12,105,000 after purchasing an additional 2,010 shares during the period. Burney Co. raised its holdings in shares of PepsiCo by 14.6% in the second quarter. Burney Co. now owns 92,099 shares of the company’s stock valued at $10,027,000 after acquiring an additional 11,740 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of PepsiCo by 12.4% in the second quarter. Captrust Financial Advisors now owns 55,926 shares of the company’s stock valued at $6,089,000 after acquiring an additional 6,181 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of PepsiCo by 28.9% in the second quarter. Commonwealth Bank of Australia now owns 147,666 shares of the company’s stock valued at $16,068,000 after acquiring an additional 33,124 shares in the last quarter. Finally, KC Investment Advisors LLC raised its holdings in shares of PepsiCo by 19.6% in the second quarter. KC Investment Advisors LLC now owns 4,125 shares of the company’s stock valued at $449,000 after acquiring an additional 675 shares in the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on PEP shares. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Cfra set a $129.00 price objective on PepsiCo and gave the company a “buy” rating in a report on Tuesday, July 10th. Morgan Stanley lifted their price objective on PepsiCo from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. set a $128.00 price objective on PepsiCo and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $117.89.

Shares of PepsiCo stock opened at $115.21 on Wednesday. The stock has a market capitalization of $156.92 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.78 and a beta of 0.58. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.51.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 5.65 EPS for the current year.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the transaction, the chief executive officer now directly owns 35,520 shares in the company, valued at $3,993,158.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the transaction, the chief executive officer now owns 130,135 shares of the company’s stock, valued at $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 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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About PepsiCo

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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