PepsiCo, Inc. (NASDAQ:PEP) Position Increased by WestEnd Advisors LLC

WestEnd Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the third quarter, Holdings Channel reports. The fund owned 226,945 shares of the company’s stock after acquiring an additional 4,130 shares during the quarter. WestEnd Advisors LLC’s holdings in PepsiCo were worth $38,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC raised its holdings in shares of PepsiCo by 3.0% during the third quarter. Pathway Financial Advisers LLC now owns 35,726 shares of the company’s stock worth $6,075,000 after acquiring an additional 1,041 shares in the last quarter. Mutual Advisors LLC boosted its position in PepsiCo by 0.7% during the third quarter. Mutual Advisors LLC now owns 27,266 shares of the company’s stock valued at $4,694,000 after purchasing an additional 177 shares during the last quarter. Saybrook Capital NC grew its stake in PepsiCo by 7.7% in the third quarter. Saybrook Capital NC now owns 14,105 shares of the company’s stock valued at $2,398,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of PepsiCo by 16.4% during the 3rd quarter. Fidelis Capital Partners LLC now owns 11,905 shares of the company’s stock worth $2,059,000 after purchasing an additional 1,675 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.4 %

PEP stock traded down $0.68 during midday trading on Wednesday, reaching $166.82. The company’s stock had a trading volume of 209,733 shares, compared to its average volume of 5,441,737. The business’s 50-day simple moving average is $173.61 and its 200-day simple moving average is $172.29. The stock has a market cap of $229.34 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week 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, 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 firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter last year, the business earned $2.25 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PEP shares. Royal Bank of Canada decreased their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group cut their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $183.92.

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.