Strengthening Families & Communities LLC Acquires 378 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Strengthening Families & Communities LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 6,747 shares of the company’s stock after acquiring an additional 378 shares during the period. Strengthening Families & Communities LLC’s holdings in PepsiCo were worth $1,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in PepsiCo by 17,113.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock worth $547,626,000 after buying an additional 3,201,676 shares during the period. Swedbank AB grew its holdings in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of PepsiCo by 125.2% during the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after acquiring an additional 1,523,631 shares during the period. Legal & General Group Plc raised its position in shares of PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after buying an additional 905,468 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of PepsiCo in the third quarter valued at approximately $151,749,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 4.0 %

Shares of PepsiCo stock opened at $158.62 on Monday. The company has a market cap of $217.63 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company’s 50 day moving average is $170.82 and its 200 day moving average is $171.50. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve 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 released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the firm earned $2.25 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on PEP. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One 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, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Company 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.