PepsiCo, Inc. $PEP Shares Bought by Shoker Investment Counsel Inc.

Shoker Investment Counsel Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,726 shares of the company’s stock after acquiring an additional 479 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in PepsiCo were worth $3,001,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after acquiring an additional 1,761,785 shares during the period. Geode Capital Management LLC raised its position in PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after acquiring an additional 86,695 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after acquiring an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. boosted its position in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $147.83 on Tuesday. The stock’s 50-day moving average price is $145.07 and its 200 day moving average price is $140.16. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $202.13 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $165.13.

PepsiCo (NASDAQ:PEP) last announced 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 return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the business posted $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BNP Paribas Exane lowered their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Finally, Bank of America boosted their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Seven research 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. Based on data from MarketBeat.com, the company 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.