Midland Wealth Advisors LLC Has $1.83 Million Stake in PepsiCo, Inc. $PEP

Midland Wealth Advisors LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,828 shares of the company’s stock after selling 826 shares during the period. Midland Wealth Advisors LLC’s holdings in PepsiCo were worth $1,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $25,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised its stake in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. lifted its position in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in PepsiCo during the second quarter worth $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.0%

Shares of NASDAQ PEP opened at $142.95 on Monday. The stock’s fifty day moving average is $145.31 and its 200 day moving average is $139.71. The stock has a market capitalization of $195.46 billion, a P/E ratio of 27.18, a PEG ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $166.88.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PEP shares. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Jefferies Financial Group raised their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Citigroup dropped their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $156.95.

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.