PepsiCo, Inc. $PEP Shares Acquired by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the second quarter, Holdings Channel.com reports. The fund owned 49,852 shares of the company’s stock after acquiring an additional 3,487 shares during the quarter. Zions Bancorporation National Association UT’s holdings in PepsiCo were worth $6,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Lane & Associates LLC boosted its position in shares of PepsiCo by 5.8% in the 1st quarter. Lane & Associates LLC now owns 2,221 shares of the company’s stock valued at $333,000 after purchasing an additional 122 shares during the period. IFC Advisors LLC increased its stake in PepsiCo by 2.9% in the 1st quarter. IFC Advisors LLC now owns 8,770 shares of the company’s stock worth $1,315,000 after purchasing an additional 249 shares in the last quarter. PYA Waltman Capital LLC raised its holdings in PepsiCo by 7.6% during the 1st quarter. PYA Waltman Capital LLC now owns 18,220 shares of the company’s stock worth $2,732,000 after buying an additional 1,283 shares during the period. Finally, SkyOak Wealth LLC boosted its holdings in shares of PepsiCo by 5.2% in the first quarter. SkyOak Wealth LLC now owns 6,107 shares of the company’s stock worth $916,000 after buying an additional 300 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on PEP. The Goldman Sachs Group boosted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a report on Tuesday, October 21st. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Jefferies Financial Group raised their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 1.0%

NASDAQ PEP opened at $142.95 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $166.88. The firm’s fifty day simple moving average is $145.31 and its 200-day simple moving average is $139.73. The company has a market capitalization of $195.46 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating 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 firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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.