Bontempo Ohly Capital Mgmt LLC Has $1,894,000 Stake in PepsiCo Inc. (PEP)
Bontempo Ohly Capital Mgmt LLC cut its position in PepsiCo Inc. (NYSE:PEP) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,874 shares of the company’s stock after selling 244 shares during the period. PepsiCo makes up about 1.6% of Bontempo Ohly Capital Mgmt LLC’s portfolio, making the stock its 21st largest position. Bontempo Ohly Capital Mgmt LLC’s holdings in PepsiCo were worth $1,894,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in PEP. D. Scott Neal Inc. boosted its position in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. boosted its position in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Stelac Advisory Services LLC boosted its position in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in PepsiCo during the second quarter valued at approximately $129,000. Finally, Gradient Investments LLC boosted its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock valued at $162,000 after buying an additional 100 shares in the last quarter. 70.04% of the stock is owned by institutional investors.
PepsiCo Inc. (NYSE:PEP) traded down 0.61% on Wednesday, reaching $106.30. The company had a trading volume of 605,842 shares. The stock’s 50-day moving average price is $106.64 and its 200 day moving average price is $105.58. The firm has a market capitalization of $152.45 billion, a price-to-earnings ratio of 23.32 and a beta of 0.46. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94.
PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The company earned $16 billion during the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. On average, equities analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current fiscal year.
Several research firms recently commented on PEP. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $118.00 price target on shares of PepsiCo in a report on Wednesday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Credit Agricole SA reaffirmed an “outperform” rating on shares of PepsiCo in a report on Monday, August 22nd. Finally, Vetr cut PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target for the company. in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.68.
In other news, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the sale, the executive vice president now directly owns 164,464 shares in the company, valued at approximately $17,646,987.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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