Lifeworks Advisors LLC Has $1.95 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Lifeworks Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,436 shares of the company’s stock after purchasing an additional 367 shares during the quarter. Lifeworks Advisors LLC’s holdings in PepsiCo were worth $1,945,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MeadowBrook Investment Advisors LLC raised its position in shares of PepsiCo by 2.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 6,156 shares of the company’s stock valued at $1,047,000 after purchasing an additional 131 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in PepsiCo by 6.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 37,237 shares of the company’s stock valued at $6,332,000 after buying an additional 2,341 shares during the last quarter. Metis Global Partners LLC raised its holdings in PepsiCo by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 66,372 shares of the company’s stock valued at $11,287,000 after buying an additional 426 shares during the last quarter. Planning Capital Management Corp raised its holdings in PepsiCo by 8.3% in the 3rd quarter. Planning Capital Management Corp now owns 2,186 shares of the company’s stock valued at $372,000 after buying an additional 168 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in PepsiCo by 277.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 26,077 shares of the company’s stock worth $4,434,000 after purchasing an additional 19,167 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

Shares of PepsiCo stock traded up $0.60 during midday trading on Thursday, reaching $165.34. 693,431 shares of the company’s stock traded hands, compared to its average volume of 5,428,194. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market cap of $226.84 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The stock has a 50 day moving average of $171.48 and a 200-day moving average of $171.72. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Bank of America lowered their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $183.92.

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.