Rossmore Private Capital Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Rossmore Private Capital grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,285 shares of the company’s stock after purchasing an additional 561 shares during the period. Rossmore Private Capital’s holdings in PepsiCo were worth $4,980,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. M&G Plc raised its stake in shares of PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares during the period. Fiduciary Family Office LLC raised its holdings in shares of PepsiCo by 119.6% during the 3rd quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after buying an additional 3,727 shares during the period. GFS Advisors LLC lifted its position in PepsiCo by 13,209.4% during the 3rd quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock worth $12,290,000 after acquiring an additional 71,727 shares in the last quarter. WoodTrust Financial Corp grew its position in PepsiCo by 5.7% in the third quarter. WoodTrust Financial Corp now owns 64,341 shares of the company’s stock valued at $10,941,000 after acquiring an additional 3,465 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of PepsiCo by 0.8% during the second quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock valued at $63,853,000 after purchasing an additional 2,976 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Price Performance

NASDAQ PEP opened at $164.34 on Wednesday. The company has a 50-day moving average price of $172.02 and a two-hundred day moving average price of $171.85. The stock has a market cap of $225.47 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. 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 52 week low of $158.03 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted 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 for the quarter, compared to analysts’ expectations of $23.86 billion. During the same period last year, the firm earned $2.25 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

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.