St. Johns Investment Management Company LLC Acquires 155 Shares of PepsiCo, Inc. (NASDAQ:PEP)

St. Johns Investment Management Company LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,336 shares of the company’s stock after purchasing an additional 155 shares during the period. St. Johns Investment Management Company LLC’s holdings in PepsiCo were worth $1,417,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEP. West Oak Capital LLC lifted its stake in PepsiCo by 0.5% in the third quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after buying an additional 75 shares during the period. First Bank & Trust lifted its stake in PepsiCo by 0.5% in the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after buying an additional 75 shares during the period. Stillwater Investment Management LLC lifted its stake in PepsiCo by 0.5% in the third quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock valued at $2,086,000 after buying an additional 79 shares during the period. Stuart Chaussee & Associates Inc. lifted its stake in PepsiCo by 18.8% in the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after buying an additional 80 shares during the period. Finally, Sigma Investment Counselors Inc. lifted its stake in PepsiCo by 2.5% in the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after buying an additional 82 shares during the period. Institutional investors own 71.66% of the company’s stock.

Shares of NASDAQ PEP traded up $0.80 during mid-day trading on Tuesday, reaching $136.92. 395,442 shares of the company’s stock were exchanged, compared to its average volume of 4,030,421. The firm has a market capitalization of $189.99 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.54 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $136.66 and a 200 day simple moving average of $131.41. PepsiCo, Inc. has a twelve month low of $105.03 and a twelve month high of $140.45.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. PepsiCo’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

PEP has been the topic of several analyst reports. Deutsche Bank increased their target price on PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Bank of America increased their target price on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks reissued a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. Finally, Credit Suisse Group increased their target price on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $135.53.

In related news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction dated 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 in the company, valued at $13,500,602.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.28% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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