PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 24.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,926 shares of the company’s stock after acquiring an additional 2,711 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in PepsiCo were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Concord Wealth Partners lifted its position in PepsiCo by 4.2% in the third quarter. Concord Wealth Partners now owns 19,118 shares of the company’s stock valued at $3,251,000 after purchasing an additional 764 shares during the period. Investment Partners Asset Management Inc. boosted its stake in shares of PepsiCo by 23.4% during the third quarter. Investment Partners Asset Management Inc. now owns 3,547 shares of the company’s stock valued at $603,000 after acquiring an additional 672 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in PepsiCo in the 3rd quarter worth approximately $480,000. Welch Group LLC boosted its position in shares of PepsiCo by 2.4% in the third quarter. Welch Group LLC now owns 313,111 shares of the company’s stock worth $53,244,000 after acquiring an additional 7,461 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in PepsiCo by 1.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,991 shares of the company’s stock worth $1,189,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PEP shares. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Jefferies Financial Group reduced their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Down 0.8 %

Shares of PEP traded down $1.41 during midday trading on Monday, hitting $170.38. The stock had a trading volume of 1,145,587 shares, compared to its average volume of 5,448,973. The business has a 50-day simple moving average of $173.86 and a two-hundred day simple moving average of $172.28. The firm has a market cap of $234.24 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 3.25 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. 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 (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Company 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.