6,432 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,432 shares of the company's stock, valued at approximately $1,094,000.

A number of other hedge funds have also recently modified their holdings of the stock. Meixler Investment Management Ltd. boosted its holdings in PepsiCo by 4.4% in the 2nd quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock valued at $228,000 after purchasing an additional 58 shares in the last quarter. Opes Wealth Management LLC boosted its stake in shares of PepsiCo by 2.2% during the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock worth $453,000 after acquiring an additional 59 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Bank of Stockton boosted its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company's stock worth $448,000 after acquiring an additional 60 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its stake in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Morgan Stanley lowered PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target on the stock. in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Finally, Barclays cut their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo Trading Down 4.0 %

Shares of NASDAQ PEP traded down $6.53 during trading on Friday, hitting $158.62. 9,108,948 shares of the company traded hands, compared to its average volume of 5,466,003. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The company has a 50-day moving average price of $170.82 and a 200-day moving average price of $171.56. The firm has a market capitalization of $217.63 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.07 and a beta of 0.53. 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 (NASDAQ:PEP - Get Free Report) last announced 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. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same period in the previous year, the company earned $2.25 EPS. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, equities 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.