PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,061 shares of the company’s stock after acquiring an additional 289 shares during the quarter. PepsiCo comprises about 0.9% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 28th biggest holding. L. Roy Papp & Associates LLP’s holdings in PepsiCo were worth $7,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Conscious Wealth Investments LLC boosted its holdings in PepsiCo by 2.9% during the third quarter. Conscious Wealth Investments LLC now owns 14,269 shares of the company’s stock worth $2,468,000 after buying an additional 401 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in PepsiCo by 1.5% during the third quarter. Sterling Investment Advisors Ltd. now owns 13,617 shares of the company’s stock worth $2,316,000 after buying an additional 207 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in PepsiCo by 18.1% during the third quarter. J.W. Cole Advisors Inc. now owns 24,071 shares of the company’s stock worth $4,093,000 after buying an additional 3,688 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in PepsiCo by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 6,412 shares of the company’s stock worth $1,090,000 after purchasing an additional 69 shares during the period. Finally, Carret Asset Management LLC boosted its stake in PepsiCo by 1.4% in the 3rd quarter. Carret Asset Management LLC now owns 65,207 shares of the company’s stock worth $11,089,000 after purchasing an additional 888 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2 %

NASDAQ PEP traded down $0.37 during trading on Friday, hitting $171.79. 4,442,863 shares of the company traded hands, compared to its average volume of 5,469,759. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The business has a fifty day simple moving average of $173.86 and a 200 day simple moving average of $172.26. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $236.17 billion, a P/E ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Bank of America decreased their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $183.92.

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.