Aljian Capital Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,179 shares of the company's stock, valued at approximately $541,000.
Other large investors also recently modified their holdings of the company. Global Wealth Strategies & Associates increased its position in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in PepsiCo during the 3rd quarter worth $28,000. POM Investment Strategies LLC grew its stake in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the second quarter valued at about $30,000. Finally, Mattson Financial Services LLC bought a new position in PepsiCo during the 2nd quarter worth approximately $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo Price Performance
PEP traded down $0.29 during trading on Monday, reaching $158.33. The stock had a trading volume of 6,960,243 shares, compared to its average volume of 5,472,910. The stock has a 50 day moving average of $170.42 and a two-hundred day moving average of $171.38. 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 firm has a market capitalization of $217.23 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $157.76 and a 1-year high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share 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 business had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently issued reports on PEP. Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Barclays decreased their price target on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a report on Friday, October 4th. Finally, TD Cowen downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $190.00 to $183.00 in a 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 assigned a buy rating to the company's stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $183.92.
View Our Latest Stock Report on PepsiCo
About PepsiCo
(
Free Report)
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.
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