PepsiCo, Inc. (NASDAQ:PEP) Stock Position Increased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 30.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,884 shares of the company’s stock after buying an additional 913 shares during the period. Keudell Morrison Wealth Management’s holdings in PepsiCo were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Advisory Alpha LLC lifted its position in shares of PepsiCo by 5.8% during the 1st quarter. Advisory Alpha LLC now owns 6,914 shares of the company’s stock worth $1,210,000 after purchasing an additional 381 shares during the last quarter. OLD Second National Bank of Aurora lifted its position in shares of PepsiCo by 32.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after purchasing an additional 5,737 shares during the last quarter. Empirical Finance LLC raised its holdings in PepsiCo by 3.4% in the 1st quarter. Empirical Finance LLC now owns 49,761 shares of the company’s stock valued at $8,709,000 after acquiring an additional 1,648 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in PepsiCo by 25.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 137,773 shares of the company’s stock valued at $24,112,000 after acquiring an additional 27,901 shares in the last quarter. Finally, Stokes Family Office LLC raised its holdings in PepsiCo by 0.3% in the 1st quarter. Stokes Family Office LLC now owns 32,262 shares of the company’s stock valued at $5,646,000 after acquiring an additional 85 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.3 %

NASDAQ:PEP traded down $0.56 during trading hours on Thursday, hitting $164.15. 739,761 shares of the stock were exchanged, compared to its average volume of 5,446,441. The company’s 50 day moving average is $172.50 and its two-hundred day moving average is $172.11. 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. The company has a market capitalization of $225.21 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research note on Friday, July 19th. Bank of America lowered their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday. One 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 stock. According to data from MarketBeat, the company currently has a consensus 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.