Schneider Downs Wealth Management Advisors LP lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,603 shares of the company’s stock after acquiring an additional 463 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in PepsiCo were worth $361,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in PepsiCo during the second quarter valued at $26,000. Evolution Wealth Advisors LLC grew its stake in PepsiCo by 342.2% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares in the last quarter. RPG Investment Advisory LLC increased its holdings in shares of PepsiCo by 191.0% in the 2nd quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock valued at $38,000 after purchasing an additional 191 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of PepsiCo in the second quarter worth approximately $40,000. Finally, Ellevest Inc. lifted its position in shares of PepsiCo by 144.7% in the second quarter. Ellevest Inc. now owns 367 shares of the company’s stock worth $49,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.
PEP has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of PepsiCo from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Friday, September 18th. Morgan Stanley lifted their price objective on PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. Truist upped their target price on PepsiCo from $130.00 to $135.00 in a research report on Friday, October 2nd. Finally, BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, October 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $144.13.
NASDAQ PEP opened at $141.73 on Friday. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20. The company has a fifty day simple moving average of $137.07 and a 200 day simple moving average of $134.07. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 3.05. The company has a market cap of $195.86 billion, a P/E ratio of 28.98, a P/E/G ratio of 4.53 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 1st. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.17. The firm had revenue of $18.09 billion during the quarter, compared to analyst estimates of $17.24 billion. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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