Violich Capital Management Inc. Has $12.34 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Violich Capital Management Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,981 shares of the company’s stock after purchasing an additional 510 shares during the period. PepsiCo comprises about 3.0% of Violich Capital Management Inc.’s holdings, making the stock its 10th largest holding. Violich Capital Management Inc.’s holdings in PepsiCo were worth $12,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PEP. Marietta Wealth Management LLC increased its position in shares of PepsiCo by 3.6% during the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock worth $2,904,000 after buying an additional 763 shares during the period. United Asset Strategies Inc. increased its position in shares of PepsiCo by 5.6% during the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock worth $2,093,000 after buying an additional 816 shares during the period. AQR Capital Management LLC increased its position in shares of PepsiCo by 27.6% during the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after buying an additional 754,455 shares during the period. Commonwealth Equity Services LLC increased its position in shares of PepsiCo by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock worth $92,830,000 after buying an additional 16,041 shares during the period. Finally, AE Wealth Management LLC increased its position in shares of PepsiCo by 72.6% during the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after buying an additional 27,302 shares during the period. 71.81% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PEP traded up $1.31 during mid-day trading on Wednesday, reaching $133.29. 3,194,700 shares of the company’s stock traded hands, compared to its average volume of 4,474,058. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The business has a 50-day simple moving average of $136.33 and a 200 day simple moving average of $132.68. PepsiCo, Inc. has a 1-year low of $105.03 and a 1-year high of $140.45. The stock has a market cap of $185.64 billion, a P/E ratio of 23.55, a PEG ratio of 3.46 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results 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 net margin of 18.78% and a return on equity of 55.00%. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.93 billion. During the same period last year, the firm earned $1.59 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on PEP shares. BMO Capital Markets reiterated 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. Citigroup increased their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Guggenheim set a $130.00 price target on shares of PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. set a $154.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank raised their price target on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $135.53.

PepsiCo Company 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.

Featured Story: How to invest in a bear market

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.