JFS Wealth Advisors LLC Buys 6,995 Shares of PepsiCo, Inc. (NASDAQ:PEP)

JFS Wealth Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 65.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,708 shares of the company’s stock after purchasing an additional 6,995 shares during the period. JFS Wealth Advisors LLC’s holdings in PepsiCo were worth $3,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. M&G Plc lifted its holdings in PepsiCo by 3.6% during the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora boosted its holdings in PepsiCo by 32.7% in the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after buying an additional 5,737 shares during the period. Nisa Investment Advisors LLC grew its stake in PepsiCo by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock valued at $63,853,000 after buying an additional 2,976 shares in the last quarter. Viking Fund Management LLC lifted its position in shares of PepsiCo by 8.2% during the third quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock worth $11,223,000 after acquiring an additional 5,000 shares in the last quarter. Finally, FCG Investment Co boosted its holdings in shares of PepsiCo by 39.1% in the first quarter. FCG Investment Co now owns 5,650 shares of the company’s stock worth $989,000 after acquiring an additional 1,589 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $166.21 on Thursday. The stock has a market capitalization of $228.50 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The company has a fifty day moving average of $173.43 and a 200-day moving average of $172.25. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. Finally, Barclays decreased their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.