PepsiCo, Inc. (NASDAQ:PEP) Stock Position Boosted by GFS Advisors LLC

GFS Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13,209.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,270 shares of the company's stock after purchasing an additional 71,727 shares during the period. PepsiCo makes up approximately 2.6% of GFS Advisors LLC's holdings, making the stock its 12th largest position. GFS Advisors LLC's holdings in PepsiCo were worth $12,290,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PEP. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at about $28,000. POM Investment Strategies LLC raised its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after buying an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the second quarter worth about $30,000. Finally, Mattson Financial Services LLC bought a new stake in PepsiCo in the second quarter worth about $34,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PEP. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Finally, Jefferies Financial Group decreased their target price on shares of PepsiCo from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo Stock Performance

PepsiCo stock traded down $0.49 during midday trading on Friday, hitting $165.59. 6,339,121 shares of the company's stock were exchanged, compared to its average volume of 5,135,751. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a market cap of $227.19 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. The firm's 50 day simple moving average is $173.03 and its 200 day simple moving average is $172.25.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.25 earnings per share. Equities research analysts predict 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.