B. Metzler seel. Sohn & Co. Holding AG Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 597,058 shares of the company’s stock, valued at approximately $101,529,000. PepsiCo makes up about 1.0% of B. Metzler seel. Sohn & Co. Holding AG’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Guardian Wealth Advisors LLC raised its holdings in shares of PepsiCo by 5.5% during the third quarter. Guardian Wealth Advisors LLC now owns 4,806 shares of the company’s stock valued at $817,000 after buying an additional 249 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in PepsiCo by 7.4% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 2,160 shares of the company’s stock worth $367,000 after purchasing an additional 149 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in PepsiCo by 24.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 28,217 shares of the company’s stock worth $4,798,000 after purchasing an additional 5,564 shares in the last quarter. Wrapmanager Inc. raised its holdings in PepsiCo by 9.7% during the third quarter. Wrapmanager Inc. now owns 8,109 shares of the company’s stock worth $1,379,000 after purchasing an additional 714 shares in the last quarter. Finally, BIP Wealth LLC raised its holdings in PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PEP. JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ:PEP opened at $158.33 on Tuesday. The firm has a fifty day moving average of $170.42 and a two-hundred day moving average of $171.38. The firm has a market capitalization of $217.23 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $157.76 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

About PepsiCo

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.