PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,747 shares of the company’s stock after buying 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Holistic Financial Partners increased its holdings in PepsiCo by 24.9% during the 3rd quarter. Holistic Financial Partners now owns 2,315 shares of the company’s stock worth $394,000 after purchasing an additional 461 shares during the last quarter. Aviso Wealth Management increased its holdings in PepsiCo by 42.5% during the 3rd quarter. Aviso Wealth Management now owns 4,210 shares of the company’s stock worth $716,000 after purchasing an additional 1,256 shares during the last quarter. Aljian Capital Management LLC purchased a new stake in PepsiCo during the 3rd quarter worth approximately $541,000. TrinityPoint Wealth LLC increased its holdings in PepsiCo by 1.3% during the 3rd quarter. TrinityPoint Wealth LLC now owns 15,499 shares of the company’s stock worth $2,636,000 after purchasing an additional 204 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in PepsiCo by 5.9% during the 3rd quarter. Claro Advisors LLC now owns 23,536 shares of the company’s stock worth $4,002,000 after purchasing an additional 1,319 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 4.0 %

NASDAQ:PEP opened at $158.62 on Monday. The business’s fifty day moving average price is $170.82 and its 200 day moving average price is $171.50. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The firm has a market capitalization of $217.63 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the company posted $2.25 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PEP. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. 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. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.