PepsiCo, Inc. (NASDAQ:PEP) Stake Lifted by Lindsell Train Ltd

Lindsell Train Ltd grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,749,546 shares of the company’s stock after acquiring an additional 196,363 shares during the quarter. PepsiCo comprises 11.0% of Lindsell Train Ltd’s investment portfolio, making the stock its 5th biggest holding. Lindsell Train Ltd owned about 0.34% of PepsiCo worth $651,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of PepsiCo by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after purchasing an additional 838,652 shares during the period. BlackRock Inc. boosted its position in shares of PepsiCo by 1.4% in the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares during the period. Northern Trust Corp boosted its position in shares of PepsiCo by 0.7% in the 2nd quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after purchasing an additional 143,784 shares during the period. Bank of New York Mellon Corp boosted its position in shares of PepsiCo by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock valued at $2,607,480,000 after purchasing an additional 378,960 shares during the period. Finally, Morgan Stanley boosted its position in shares of PepsiCo by 1.1% in the 2nd quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock valued at $1,450,090,000 after purchasing an additional 117,564 shares during the period. Institutional investors and hedge funds own 71.67% of the company’s stock.

PEP has been the subject of a number of research analyst reports. Bank of America upped their target price on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Cowen increased their price objective on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Guggenheim set a $130.00 price objective on PepsiCo and gave the stock a “hold” rating in a research report on Thursday, September 26th. Credit Suisse Group increased their price objective on PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research report on Friday, October 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 price objective (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $135.53.

In other news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

Shares of PEP stock opened at $136.25 on Friday. The company has a market cap of $190.98 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 3.56 and a beta of 0.56. The stock has a 50 day simple moving average of $136.67 and a 200-day simple moving average of $131.20. PepsiCo, Inc. has a 12-month low of $105.03 and a 12-month high of $140.45. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.06. The business had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

About PepsiCo

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.

Further Reading: Stocks at 52 Week High

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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