Infrastructure Capital Advisors LLC Purchases New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Infrastructure Capital Advisors LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, HoldingsChannel reports. The firm purchased 3,000 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Ausdal Financial Partners Inc. increased its position in PepsiCo by 0.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,951 shares of the company’s stock worth $1,178,000 after buying an additional 64 shares during the period. Mosaic Family Wealth LLC increased its position in shares of PepsiCo by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 8,507 shares of the company’s stock worth $1,260,000 after purchasing an additional 65 shares during the period. Loudon Investment Management LLC increased its position in shares of PepsiCo by 0.7% in the second quarter. Loudon Investment Management LLC now owns 9,948 shares of the company’s stock worth $1,474,000 after purchasing an additional 67 shares during the period. Peninsula Asset Management Inc. increased its position in shares of PepsiCo by 0.3% in the second quarter. Peninsula Asset Management Inc. now owns 26,322 shares of the company’s stock worth $3,900,000 after purchasing an additional 69 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its stake in shares of PepsiCo by 0.7% during the second quarter. Valley Brook Capital Group Inc. now owns 9,816 shares of the company’s stock valued at $1,454,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

In related news, SVP Marie T. Gallagher sold 7,409 shares of the firm’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $155.70, for a total transaction of $1,153,581.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on the company. Truist lifted their target price on PepsiCo from $135.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, July 14th. Evercore ISI restated a “hold” rating and set a $160.00 price objective on shares of PepsiCo in a report on Thursday, October 7th. Citigroup boosted their price objective on PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 14th. Guggenheim boosted their price objective on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 21st. Finally, Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of PepsiCo in a research report on Friday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $162.86.

PEP stock traded up $1.47 during trading on Thursday, hitting $159.46. 157,154 shares of the company traded hands, compared to its average volume of 4,897,530. The firm has a market capitalization of $220.48 billion, a PE ratio of 26.92, a P/E/G ratio of 2.96 and a beta of 0.60. PepsiCo, Inc. has a 1 year low of $128.32 and a 1 year high of $159.63. The company has a 50-day moving average of $155.19 and a 200-day moving average of $150.35. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.70 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.06. PepsiCo had a return on equity of 59.56% and a net margin of 11.01%. The business had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. During the same quarter last year, the business posted $1.66 EPS. The business’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 6.24 EPS for the current year.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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