Natixis Advisors LLC Buys 60,026 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Natixis Advisors LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 892,326 shares of the company's stock after purchasing an additional 60,026 shares during the period. Natixis Advisors LLC owned 0.07% of PepsiCo worth $151,740,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings in shares of PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after acquiring an additional 8,406 shares during the period. M&G Plc boosted its stake in 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 purchasing an additional 14,724 shares during the period. Pinnacle Financial Partners Inc grew its holdings in PepsiCo by 3.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company's stock valued at $23,013,000 after buying an additional 4,547 shares in the last quarter. Fiduciary Family Office LLC increased its position in PepsiCo by 119.6% during the 3rd quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company's stock worth $1,164,000 after buying an additional 3,727 shares during the period. Finally, Empower Advisory Group LLC boosted its position in shares of PepsiCo by 4.6% in the third quarter. Empower Advisory Group LLC now owns 378,902 shares of the company's stock valued at $64,432,000 after acquiring an additional 16,523 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. 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 research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. DZ Bank downgraded PepsiCo from a "buy" rating to a "hold" rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo Trading Down 4.0 %

Shares of PEP traded down $6.53 during mid-day trading on Friday, reaching $158.62. 9,108,948 shares of the company were exchanged, compared to its average volume of 5,466,003. The business has a 50 day simple moving average of $170.82 and a two-hundred day simple moving average of $171.56. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The stock has a market capitalization of $217.63 billion, a PE ratio of 23.40, a PEG ratio of 3.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

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.