SL Advisors LLC Purchases 501 Shares of PepsiCo, Inc. (NASDAQ:PEP)

SL Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,095 shares of the company’s stock after acquiring an additional 501 shares during the quarter. PepsiCo accounts for about 1.6% of SL Advisors LLC’s holdings, making the stock its 27th largest position. SL Advisors LLC’s holdings in PepsiCo were worth $429,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. B. Riley Wealth Management Inc. lifted its holdings in shares of PepsiCo by 3.8% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 42,381 shares of the company’s stock worth $5,605,000 after acquiring an additional 1,562 shares during the period. Chemung Canal Trust Co. raised its position in PepsiCo by 0.3% in the third quarter. Chemung Canal Trust Co. now owns 78,144 shares of the company’s stock worth $10,831,000 after purchasing an additional 235 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in PepsiCo by 170.1% during the first quarter. Loomis Sayles & Co. L P now owns 6,086 shares of the company’s stock worth $731,000 after purchasing an additional 3,833 shares during the period. TIAA FSB boosted its holdings in PepsiCo by 0.8% during the third quarter. TIAA FSB now owns 321,206 shares of the company’s stock valued at $44,519,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of PepsiCo by 5.1% in the 2nd quarter. Private Trust Co. NA now owns 49,153 shares of the company’s stock valued at $6,552,000 after purchasing an additional 2,364 shares during the period. 70.16% of the stock is currently owned by institutional investors.

NASDAQ PEP opened at $141.73 on Friday. The stock has a market capitalization of $195.86 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 4.53 and a beta of 0.56. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.79 and a current ratio of 0.97. The stock has a fifty day moving average of $137.07 and a 200-day moving average of $134.07.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 1st. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.17. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The firm had revenue of $18.09 billion during the quarter, compared to analyst estimates of $17.24 billion. During the same period last year, the company earned $1.56 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 5.34 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on PepsiCo from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Truist boosted their target price on shares of PepsiCo from $130.00 to $135.00 in a research note on Friday, October 2nd. UBS Group upped their target price on shares of PepsiCo from $140.00 to $146.00 in a report on Friday, October 2nd. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, October 9th. Finally, Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Friday, September 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $144.13.

About PepsiCo

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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