PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,547 shares of the company’s stock after purchasing an additional 672 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in PepsiCo were worth $603,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. POM Investment Strategies LLC raised its holdings in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new position in PepsiCo in the 2nd quarter worth approximately $30,000. Finally, Mattson Financial Services LLC acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.6 %

PEP traded down $0.96 during trading on Monday, reaching $170.83. 829,594 shares of the company’s stock were exchanged, compared to its average volume of 5,447,453. The company’s fifty day moving average price is $173.86 and its 200-day moving average price is $172.28. The firm has a market capitalization of $234.85 billion, a PE ratio of 24.80, a P/E/G ratio of 3.25 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

Analyst Ratings Changes

A number of research firms have weighed in on PEP. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, Bank of America lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

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.