Chicago Partners Investment Group LLC Has $2.47 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Chicago Partners Investment Group LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,286 shares of the company’s stock after buying an additional 997 shares during the period. Chicago Partners Investment Group LLC’s holdings in PepsiCo were worth $2,471,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PEP. Nordea Investment Management AB boosted its position in PepsiCo by 5.9% during the first quarter. Nordea Investment Management AB now owns 4,000,341 shares of the company’s stock valued at $701,780,000 after purchasing an additional 221,808 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of PepsiCo by 6.5% in the 1st quarter. Quent Capital LLC now owns 7,066 shares of the company’s stock valued at $1,237,000 after buying an additional 431 shares during the last quarter. Stack Financial Management Inc grew its stake in shares of PepsiCo by 0.3% in the first quarter. Stack Financial Management Inc now owns 119,139 shares of the company’s stock valued at $20,851,000 after buying an additional 409 shares in the last quarter. Mathes Company Inc. raised its position in PepsiCo by 0.5% during the first quarter. Mathes Company Inc. now owns 22,976 shares of the company’s stock worth $4,021,000 after acquiring an additional 110 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in PepsiCo by 17.0% in the first quarter. Daiwa Securities Group Inc. now owns 250,052 shares of the company’s stock valued at $43,761,000 after acquiring an additional 36,245 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $165.59 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The company’s 50 day moving average price is $173.03 and its two-hundred day moving average price is $172.23. The firm has a market cap of $227.19 billion, a PE ratio of 24.42, a PEG ratio of 3.09 and a beta of 0.53.

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

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Jefferies Financial Group dropped their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.