PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,383 shares of the company’s stock after purchasing an additional 1,379 shares during the quarter. Phillips Wealth Planners LLC’s holdings in PepsiCo were worth $765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. M&G Plc grew its position in shares of PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after buying an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora grew its position in shares of PepsiCo by 32.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock valued at $4,079,000 after buying an additional 5,737 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of PepsiCo by 0.8% during 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 during the last quarter. Viking Fund Management LLC grew its position in shares of PepsiCo by 8.2% during the 3rd quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock valued at $11,223,000 after buying an additional 5,000 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of PepsiCo by 50.0% during the 2nd quarter. GAMMA Investing LLC now owns 20,448 shares of the company’s stock valued at $3,372,000 after buying an additional 6,813 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.3 %

PEP stock opened at $165.59 on Friday. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The firm has a market cap of $227.19 billion, a PE ratio of 24.42, a P/E/G ratio of 3.10 and a beta of 0.53. The firm has a 50 day simple moving average of $173.03 and a 200 day simple moving average of $172.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last released its earnings results 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 analyst estimates of $23.86 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Jefferies Financial Group decreased their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.92.

About PepsiCo

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.