PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the third quarter, Holdings Channel reports. The firm owned 98,814 shares of the company’s stock after buying an additional 2,360 shares during the period. PepsiCo accounts for 2.1% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 11th largest holding. YHB Investment Advisors Inc.’s holdings in PepsiCo were worth $13,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Personal Wealth Partners bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $25,000. Krane Funds Advisors LLC bought a new stake in PepsiCo during the second quarter worth $25,000. Evolution Wealth Advisors LLC bought a new stake in PepsiCo during the second quarter worth $27,000. Financial Advantage Inc. bought a new stake in PepsiCo during the second quarter worth $28,000. Finally, Mackey Komara & Dankovich LLC lifted its stake in PepsiCo by 199.0% during the second quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares during the last quarter. 71.67% of the stock is owned by institutional investors.

Shares of PepsiCo stock opened at $137.74 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $136.39 and a two-hundred day moving average price of $130.91. PepsiCo, Inc. has a 1-year low of $105.03 and a 1-year high of $140.45. The company has a market cap of $191.93 billion, a P/E ratio of 24.34, a PEG ratio of 3.58 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The firm had revenue of $17.19 billion during the quarter, compared to the consensus estimate of $16.93 billion. During the same period last year, the business posted $1.59 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 target price (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Finally, Citigroup raised their target price on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $135.53.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the sale, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

PepsiCo Company Profile

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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