Pathway Financial Advisers LLC Acquires 1,041 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pathway Financial Advisers LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,726 shares of the company’s stock after buying an additional 1,041 shares during the period. Pathway Financial Advisers LLC’s holdings in PepsiCo were worth $6,075,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PEP. Global Wealth Strategies & Associates boosted its position in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. POM Investment Strategies LLC boosted its position in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $30,000. Mattson Financial Services LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $34,000. Finally, New Millennium Group LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $42,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.4 %

PEP opened at $167.50 on Wednesday. The firm has a 50-day simple moving average of $173.61 and a two-hundred day simple moving average of $172.29. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The company has a market capitalization of $230.28 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The business’s revenue was down .6% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PEP shares. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $190.00 to $183.00 in a report on Thursday, October 10th. Jefferies Financial Group lowered their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $183.92.

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.