PepsiCo, Inc. $PEP Position Boosted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 84.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,928 shares of the company’s stock after buying an additional 11,834 shares during the quarter. Parkside Financial Bank & Trust’s holdings in PepsiCo were worth $3,424,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PEP. Keystone Financial Services acquired a new position in shares of PepsiCo in the 2nd quarter worth approximately $274,000. Magellan Asset Management Ltd lifted its stake in PepsiCo by 22.5% during the second quarter. Magellan Asset Management Ltd now owns 783 shares of the company’s stock worth $103,000 after purchasing an additional 144 shares during the last quarter. Aviva PLC boosted its holdings in PepsiCo by 10.4% in the second quarter. Aviva PLC now owns 1,410,627 shares of the company’s stock worth $186,259,000 after purchasing an additional 132,683 shares during the period. ZEGA Investments LLC bought a new stake in PepsiCo during the second quarter valued at $1,080,000. Finally, AGF Management Ltd. lifted its position in shares of PepsiCo by 233.3% in the 2nd quarter. AGF Management Ltd. now owns 25,442 shares of the company’s stock worth $3,359,000 after buying an additional 17,808 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PEP shares. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. BNP Paribas Exane lowered their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Jefferies Financial Group upped their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Finally, Rothschild & Co Redburn increased their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Stock Performance

Shares of PEP stock opened at $142.95 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $166.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $195.46 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The business has a 50 day simple moving average of $145.31 and a 200 day simple moving average of $139.75.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.