Zions Bancorporation N.A. Acquires 19,167 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Zions Bancorporation N.A. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 277.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,077 shares of the company’s stock after purchasing an additional 19,167 shares during the quarter. Zions Bancorporation N.A.’s holdings in PepsiCo were worth $4,434,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ROI Financial Advisors LLC raised its position in PepsiCo by 22.7% during the third quarter. ROI Financial Advisors LLC now owns 1,655 shares of the company’s stock worth $281,000 after acquiring an additional 306 shares in the last quarter. Plato Investment Management Ltd raised its position in PepsiCo by 0.9% during the third quarter. Plato Investment Management Ltd now owns 53,713 shares of the company’s stock worth $9,125,000 after acquiring an additional 463 shares in the last quarter. Bell Bank raised its position in PepsiCo by 2.5% during the third quarter. Bell Bank now owns 3,190 shares of the company’s stock worth $542,000 after acquiring an additional 79 shares in the last quarter. D Orazio & Associates Inc. raised its position in PepsiCo by 7.1% during the third quarter. D Orazio & Associates Inc. now owns 4,490 shares of the company’s stock worth $763,000 after acquiring an additional 297 shares in the last quarter. Finally, Schrum Private Wealth Management LLC raised its position in shares of PepsiCo by 54.5% in the third quarter. Schrum Private Wealth Management LLC now owns 14,040 shares of the company’s stock valued at $2,388,000 after purchasing an additional 4,954 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

PEP opened at $164.74 on Thursday. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market capitalization of $226.02 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.06 and a beta of 0.53. The company’s 50 day moving average price is $171.75 and its two-hundred day moving average price is $171.77.

PepsiCo (NASDAQ:PEP) last posted 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 company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the firm posted $2.25 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Barclays dropped their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.