Pepsico, Inc. (PEP) Holdings Held by LaFleur & Godfrey LLC
LaFleur & Godfrey LLC continued to hold its stake in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,781 shares of the company’s stock at the end of the 2nd quarter. Pepsico accounts for about 1.6% of LaFleur & Godfrey LLC’s holdings, making the stock its 25th biggest position. LaFleur & Godfrey LLC’s holdings in Pepsico were worth $5,980,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC bought a new stake in shares of Pepsico during the first quarter valued at approximately $254,277,000. Harbour Capital Advisors LLC raised its stake in shares of Pepsico by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock valued at $18,908,000 after acquiring an additional 2,164,557 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Pepsico by 92.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after acquiring an additional 1,593,550 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Pepsico during the first quarter valued at approximately $112,080,000. Finally, Pioneer Investment Management Inc. raised its stake in shares of Pepsico by 19.9% during the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock valued at $493,842,000 after acquiring an additional 733,294 shares in the last quarter. 70.54% of the stock is owned by institutional investors and hedge funds.
Pepsico, Inc. (NYSE:PEP) opened at $112.75 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The stock has a market cap of $160,346.61, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 3.06 and a beta of 0.66.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. sell-side analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.
Several analysts have recently weighed in on PEP shares. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Finally, Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $121.35.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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