Midwest Professional Planners LTD. Has $448,000 Position in PepsiCo, Inc. $PEP

Midwest Professional Planners LTD. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 59.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,391 shares of the company’s stock after selling 5,015 shares during the quarter. Midwest Professional Planners LTD.’s holdings in PepsiCo were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. RMG Wealth Management LLC bought a new stake in PepsiCo in the second quarter worth $45,000. Finally, Investment Research & Advisory Group Inc. increased its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. 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 research note on Monday, September 15th. Rothschild & Co Redburn upped 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. Bank of America boosted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, HSBC boosted their target price 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. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.95.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $145.85 on Monday. The firm has a fifty day moving average price of $144.95 and a two-hundred day moving average price of $140.06. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $165.13. 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 company has a market cap of $199.43 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company earned $2.31 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.