Cleararc Capital Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 52.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,334 shares of the company’s stock after buying an additional 25,953 shares during the period. PepsiCo makes up 1.2% of Cleararc Capital Inc.’s holdings, making the stock its 15th biggest position. Cleararc Capital Inc.’s holdings in PepsiCo were worth $8,202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PEP. Fundsmith Equity Fund L.P. bought a new position in shares of PepsiCo in the second quarter worth $836,330,000. Bank of New York Mellon Corp increased its position in shares of PepsiCo by 20.4% in the second quarter. Bank of New York Mellon Corp now owns 18,389,677 shares of the company’s stock worth $2,002,085,000 after purchasing an additional 3,115,305 shares during the period. Vontobel Asset Management Inc. increased its position in shares of PepsiCo by 287.8% in the second quarter. Vontobel Asset Management Inc. now owns 2,610,837 shares of the company’s stock worth $291,915,000 after purchasing an additional 1,937,620 shares during the period. Millennium Management LLC increased its position in shares of PepsiCo by 2,616.0% in the first quarter. Millennium Management LLC now owns 1,447,539 shares of the company’s stock worth $157,999,000 after purchasing an additional 1,394,243 shares during the period. Finally, BlackRock Inc. increased its position in shares of PepsiCo by 1.4% in the second quarter. BlackRock Inc. now owns 93,852,156 shares of the company’s stock worth $10,217,684,000 after purchasing an additional 1,291,012 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

In other news, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the sale, the executive vice president now directly owns 173,702 shares of the company’s stock, valued at $19,128,064.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the sale, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock worth $22,663,157 over the last ninety days. 0.27% of the stock is currently owned by insiders.

A number of research analysts recently commented on the company. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a research report on Wednesday, November 14th. Deutsche Bank decreased their price target on PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research report on Wednesday, October 3rd. Morgan Stanley decreased their price target on PepsiCo from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Finally, Citigroup decreased their price target on PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.89.

NASDAQ:PEP opened at $119.01 on Tuesday. The stock has a market capitalization of $167.06 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 2.96 and a beta of 0.58. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.51.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. PepsiCo’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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