PepsiCo, Inc. (NASDAQ:PEP) is Decatur Capital Management Inc.’s 8th Largest Position

Decatur Capital Management Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 62,441 shares of the company’s stock after selling 24,200 shares during the period. PepsiCo comprises about 2.1% of Decatur Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Decatur Capital Management Inc.’s holdings in PepsiCo were worth $8,561,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marietta Wealth Management LLC grew its position in shares of PepsiCo by 3.6% during the 2nd quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock valued at $2,904,000 after acquiring an additional 763 shares during the period. Laurel Wealth Advisors Inc. grew its position in shares of PepsiCo by 1.3% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after acquiring an additional 296 shares during the period. AQR Capital Management LLC grew its position in shares of PepsiCo by 27.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock valued at $456,949,000 after acquiring an additional 754,455 shares during the period. AE Wealth Management LLC grew its position in shares of PepsiCo by 72.6% during the 2nd quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock valued at $8,511,000 after acquiring an additional 27,302 shares during the period. Finally, Assetmark Inc. grew its position in shares of PepsiCo by 19.0% during the 2nd quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after acquiring an additional 864 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Bank of America lifted their price objective on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BidaskClub upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Argus reiterated a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. set a $154.00 price objective on PepsiCo and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $135.53.

Shares of PepsiCo stock traded up $0.75 on Friday, hitting $138.64. 132,433 shares of the company were exchanged, compared to its average volume of 4,508,839. The stock has a market capitalization of $191.37 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56. The company has a 50-day moving average price of $135.89 and a 200 day moving average price of $130.57. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $140.45. The company has a quick ratio of 0.77, a current ratio of 0.95 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.06. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 EPS. Research analysts forecast that PepsiCo, Inc. will post 5.5 EPS for the current year.

In other news, CEO Kirk Tanner sold 9,573 shares of the business’s 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 transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

PepsiCo 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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