First Trust Advisors LP raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,006,346 shares of the company’s stock after purchasing an additional 132,296 shares during the quarter. First Trust Advisors LP owned about 0.07% of PepsiCo worth $137,970,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Marietta Wealth Management LLC boosted its holdings in shares of PepsiCo by 3.6% in the second 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 in the last quarter. United Asset Strategies Inc. boosted its holdings in PepsiCo by 5.6% during the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock worth $2,093,000 after buying an additional 816 shares in the last quarter. AQR Capital Management LLC boosted its holdings in PepsiCo by 27.6% during the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after buying an additional 754,455 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in PepsiCo by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock worth $92,830,000 after buying an additional 16,041 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in PepsiCo by 72.6% during the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after buying an additional 27,302 shares in the last quarter. Institutional investors own 71.70% of the company’s stock.
Shares of PepsiCo stock traded down $0.19 during midday trading on Friday, reaching $133.13. 2,603,847 shares of the company’s stock traded hands, compared to its average volume of 4,495,962. The company has a market cap of $186.87 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56. The company’s 50 day simple moving average is $136.56 and its 200 day simple moving average is $132.53. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. PepsiCo, Inc. has a 52 week low of $105.03 and a 52 week high of $140.45.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The business had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.93 billion. During the same period last year, the business posted $1.59 EPS. PepsiCo’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 5.5 earnings per share for the current year.
A number of equities research analysts have issued reports on PEP shares. Atlantic Securities started coverage on shares of PepsiCo in a research report on Monday, July 29th. They issued an “overweight” rating and a $145.00 target price for the company. JPMorgan Chase & Co. set a $154.00 target price on shares of PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reiterated a “buy” rating and issued a $154.00 target price on shares of PepsiCo in a research report on Tuesday, October 29th. Deutsche Bank increased their target price on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Credit Suisse Group increased their target price on shares of PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $135.53.
PepsiCo Company 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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