Vista Private Wealth Partners. LLC Purchases New Position in PepsiCo, Inc. (NASDAQ:PEP)

Vista Private Wealth Partners. LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, Holdings Channel reports. The fund purchased 261 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Personal Wealth Partners bought a new position in shares of PepsiCo in the second quarter worth about $25,000. Krane Funds Advisors LLC acquired a new position in PepsiCo during the second quarter valued at approximately $25,000. Evolution Wealth Advisors LLC acquired a new position in PepsiCo during the second quarter valued at approximately $27,000. Financial Advantage Inc. acquired a new position in PepsiCo during the second quarter valued at approximately $28,000. Finally, G&S Capital LLC grew its holdings in PepsiCo by 96.3% during the second quarter. G&S Capital LLC now owns 371 shares of the company’s stock valued at $49,000 after purchasing an additional 182 shares during the period. 71.67% of the stock is owned by hedge funds and other institutional investors.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

Several research firms have recently weighed in on PEP. Morgan Stanley upped their price target on shares of PepsiCo from $149.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Guggenheim set a $130.00 price target on PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. Cowen raised their price target on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Citigroup raised their price target on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Bank of America lifted their price objective on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $135.53.

PEP traded down $0.49 during trading on Friday, hitting $136.47. The company’s stock had a trading volume of 164,000 shares, compared to its average volume of 4,199,512. The firm’s 50 day moving average price is $136.64 and its 200-day moving average price is $131.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The stock has a market cap of $190.10 billion, a PE ratio of 24.11, a PEG ratio of 3.54 and a beta of 0.56. PepsiCo, Inc. has a twelve month low of $105.03 and a twelve month high of $140.45.

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

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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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