FUKOKU MUTUAL LIFE INSURANCE Co Buys 76 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FUKOKU MUTUAL LIFE INSURANCE Co raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,561 shares of the company’s stock after purchasing an additional 76 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in PepsiCo were worth $1,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC boosted its holdings in PepsiCo by 23.4% in the third quarter. Intellectus Partners LLC now owns 9,722 shares of the company’s stock valued at $1,653,000 after acquiring an additional 1,843 shares during the last quarter. Balboa Wealth Partners boosted its stake in shares of PepsiCo by 2.8% in the 3rd quarter. Balboa Wealth Partners now owns 2,611 shares of the company’s stock valued at $444,000 after purchasing an additional 72 shares during the last quarter. Oak Harbor Wealth Partners LLC increased its position in shares of PepsiCo by 3.3% during the third quarter. Oak Harbor Wealth Partners LLC now owns 6,461 shares of the company’s stock worth $1,099,000 after buying an additional 204 shares during the period. Sargent Investment Group LLC lifted its holdings in PepsiCo by 5.9% in the third quarter. Sargent Investment Group LLC now owns 5,937 shares of the company’s stock valued at $1,010,000 after buying an additional 332 shares during the period. Finally, Lifeworks Advisors LLC boosted its position in PepsiCo by 3.3% during the third quarter. Lifeworks Advisors LLC now owns 11,436 shares of the company’s stock valued at $1,945,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $165.15 on Friday. The company has a 50-day moving average price of $171.48 and a 200-day moving average price of $171.72. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $226.58 billion, a P/E ratio of 24.36, a PEG ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating 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 company 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 business earned $2.25 earnings per share. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo 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.