PepsiCo, Inc. (PEP) Holdings Boosted by Lido Advisors LLC

Lido Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,280 shares of the company’s stock after purchasing an additional 704 shares during the quarter. Lido Advisors LLC’s holdings in PepsiCo were worth $1,336,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. WP Advisors LLC purchased a new position in PepsiCo during the second quarter worth approximately $118,000. Well Done LLC purchased a new position in PepsiCo during the first quarter worth approximately $125,000. Atlas Capital Advisors LLC lifted its position in PepsiCo by 85.7% during the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock worth $149,000 after buying an additional 600 shares in the last quarter. Independent Order of Foresters purchased a new position in PepsiCo during the second quarter worth approximately $152,000. Finally, Clearwater Capital Advisors LLC purchased a new position in PepsiCo during the first quarter worth approximately $154,000. Institutional investors own 70.64% of the company’s stock.

In other news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction on 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 $13,897,116.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Spanos sold 20,074 shares of PepsiCo stock in a transaction on 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 sale, the chief executive officer now directly owns 35,520 shares of the company’s stock, valued at $3,993,158.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is owned by insiders.

PEP stock opened at $117.48 on Friday. 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 firm has a market cap of $163.19 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

PEP has been the topic of a number of analyst reports. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, September 11th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. JPMorgan Chase & Co. set a $124.00 price objective on PepsiCo and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Morgan Stanley reduced their price objective on PepsiCo from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Finally, SunTrust Banks lifted their price objective on PepsiCo to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.89.

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PepsiCo 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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