PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Front Barnett Associates LLC

Front Barnett Associates LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,341 shares of the company’s stock after acquiring an additional 2,186 shares during the period. PepsiCo accounts for 2.8% of Front Barnett Associates LLC’s investment portfolio, making the stock its 10th biggest holding. Front Barnett Associates LLC’s holdings in PepsiCo were worth $17,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Personal Wealth Partners acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $25,000. Krane Funds Advisors LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $27,000. Financial Advantage Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $28,000. Finally, Vista Private Wealth Partners. LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 71.70% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the company a “hold” rating in a research note on Thursday, September 26th. Deutsche Bank lifted their price objective on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Citigroup lifted their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Credit Suisse Group lifted their price objective on shares of PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. PepsiCo currently has a consensus rating of “Hold” and an average price target of $135.53.

PepsiCo stock traded down $0.19 on Friday, reaching $133.13. 2,603,900 shares of the stock were exchanged, compared to its average volume of 4,495,963. The stock has a market cap of $186.87 billion, a PE ratio of 23.52, a PEG ratio of 3.48 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a twelve month low of $105.03 and a twelve month high of $140.45. The firm has a fifty day moving average price of $136.50 and a two-hundred day moving average price of $132.56.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

PepsiCo 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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