National Pension Service Has $433.45 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

National Pension Service boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.6% in the third quarter, Holdings Channel reports. The fund owned 2,548,981 shares of the company’s stock after acquiring an additional 324,105 shares during the period. National Pension Service’s holdings in PepsiCo were worth $433,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PEP. Silicon Valley Capital Partners boosted its stake in PepsiCo by 42.4% during the 3rd quarter. Silicon Valley Capital Partners now owns 517 shares of the company’s stock valued at $88,000 after purchasing an additional 154 shares during the period. Cohen Capital Management Inc. lifted its holdings in shares of PepsiCo by 0.6% during the third quarter. Cohen Capital Management Inc. now owns 90,313 shares of the company’s stock worth $15,358,000 after buying an additional 500 shares during the last quarter. Vestor Capital LLC grew its stake in shares of PepsiCo by 100.2% in the third quarter. Vestor Capital LLC now owns 85,217 shares of the company’s stock worth $14,491,000 after acquiring an additional 42,657 shares during the last quarter. Intact Investment Management Inc. increased its position in PepsiCo by 59.1% during the third quarter. Intact Investment Management Inc. now owns 142,250 shares of the company’s stock worth $24,190,000 after acquiring an additional 52,850 shares during the period. Finally, Old North State Wealth Management LLC raised its stake in PepsiCo by 47.5% during the 3rd quarter. Old North State Wealth Management LLC now owns 2,440 shares of the company’s stock valued at $416,000 after purchasing an additional 786 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2 %

Shares of PEP opened at $165.99 on Monday. The company has a market capitalization of $227.74 billion, a P/E ratio of 24.42, a PEG ratio of 3.09 and a beta of 0.53. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The business’s 50 day simple moving average is $173.03 and its 200-day simple moving average is $172.25. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analysts Set New Price Targets

PEP has been the topic of several research reports. Bank of America dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.