PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by RKL Wealth Management LLC

RKL Wealth Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,936 shares of the company’s stock after buying an additional 300 shares during the quarter. RKL Wealth Management LLC’s holdings in PepsiCo were worth $2,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its holdings in shares of PepsiCo by 28.7% in the first quarter. Atomi Financial Group Inc. now owns 5,308 shares of the company’s stock valued at $929,000 after acquiring an additional 1,183 shares in the last quarter. Choate Investment Advisors increased its position in PepsiCo by 0.5% during the 1st quarter. Choate Investment Advisors now owns 143,929 shares of the company’s stock worth $25,189,000 after purchasing an additional 751 shares during the period. NorthRock Partners LLC raised its stake in shares of PepsiCo by 17.6% during the 1st quarter. NorthRock Partners LLC now owns 13,928 shares of the company’s stock worth $2,438,000 after buying an additional 2,083 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of PepsiCo by 7.1% in the first quarter. Meeder Asset Management Inc. now owns 3,483 shares of the company’s stock valued at $610,000 after buying an additional 232 shares in the last quarter. Finally, Capital Square LLC acquired a new position in PepsiCo during the first quarter worth $206,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7 %

PEP stock opened at $165.11 on Friday. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The stock has a market capitalization of $226.53 billion, a P/E ratio of 24.35, a PEG ratio of 3.07 and a beta of 0.53. The company has a 50 day moving average price of $172.19 and a two-hundred day moving average price of $171.97. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The business’s quarterly 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 Upgrades and Downgrades

PEP has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.