Swiss National Bank Acquires 7,800 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Swiss National Bank lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,077,100 shares of the company's stock after buying an additional 7,800 shares during the quarter. Swiss National Bank owned about 0.30% of PepsiCo worth $693,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PEP. Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter valued at $28,000. POM Investment Strategies LLC raised its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of PepsiCo in the second quarter valued at $30,000. Finally, Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after buying an additional 96 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $6.53 on Friday, reaching $158.62. The stock had a trading volume of 9,108,948 shares, compared to its average volume of 4,996,625. The business's 50 day moving average is $170.82 and its two-hundred day moving average is $171.50. 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 1 year low of $158.03 and a 1 year high of $183.41. The company has a market cap of $217.63 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts 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 raised shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research report on Friday, October 4th. Finally, Barclays decreased 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $183.92.

PepsiCo 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.