Quinn Opportunity Partners LLC Buys Shares of 71,045 PepsiCo, Inc. $PEP

Quinn Opportunity Partners LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,045 shares of the company’s stock, valued at approximately $9,381,000.

Several other large investors have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares during the last quarter. RMG Wealth Management LLC acquired a new position in PepsiCo during the 2nd quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. lifted its position in shares of PepsiCo by 263.6% during the 2nd 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 last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. HSBC boosted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Up 1.7%

PEP stock opened at $145.08 on Wednesday. The stock has a market capitalization of $198.37 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a fifty day moving average of $145.08 and a 200-day moving average of $139.84. 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 one year low of $127.60 and a one year high of $166.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect 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.