Mutual Advisors LLC Acquires 177 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mutual Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,266 shares of the company’s stock after buying an additional 177 shares during the quarter. Mutual Advisors LLC’s holdings in PepsiCo were worth $4,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEP. Cornerstone Wealth Management LLC boosted its stake in shares of PepsiCo by 3.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 12,228 shares of the company’s stock worth $2,140,000 after purchasing an additional 353 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of PepsiCo by 1.6% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,088 shares of the company’s stock valued at $715,000 after buying an additional 65 shares during the period. FCG Investment Co grew its stake in shares of PepsiCo by 39.1% during the first quarter. FCG Investment Co now owns 5,650 shares of the company’s stock valued at $989,000 after buying an additional 1,589 shares during the last quarter. American National Bank & Trust Co. VA bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $5,259,000. Finally, GenTrust LLC purchased a new position in PepsiCo during the 1st quarter valued at $245,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays decreased their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $166.21 on Thursday. The company has a market capitalization of $228.50 billion, a PE ratio of 24.12, a P/E/G ratio of 3.20 and a beta of 0.53. The company has a 50-day simple moving average of $173.43 and a two-hundred day simple moving average of $172.25. PepsiCo, Inc. has a one year low of $158.03 and a one year 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 posted 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. 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 quarter in the prior year, the company posted $2.25 earnings per share. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal 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.