Demars Financial Group LLC Purchases 62 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Demars Financial Group LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,721 shares of the company’s stock after buying an additional 62 shares during the quarter. PepsiCo accounts for approximately 0.4% of Demars Financial Group LLC’s holdings, making the stock its 19th largest position. Demars Financial Group LLC’s holdings in PepsiCo were worth $973,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Global Wealth Strategies & Associates increased its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the 3rd quarter worth $28,000. POM Investment Strategies LLC grew its position in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo during the second quarter valued at about $30,000. Finally, Mattson Financial Services LLC purchased a new position in shares of PepsiCo during the second quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.7 %

PEP stock traded up $1.11 during trading on Friday, hitting $165.11. 4,618,265 shares of the company’s stock traded hands, compared to its average volume of 5,463,349. The firm 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 business has a fifty day simple moving average of $172.19 and a two-hundred day simple moving average of $171.97. 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, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target 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. Finally, DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. One research 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’s stock. According to data from MarketBeat.com, PepsiCo presently 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.