MeadowBrook Investment Advisors LLC Acquires 131 Shares of PepsiCo, Inc. (NASDAQ:PEP)

MeadowBrook Investment Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,156 shares of the company’s stock after purchasing an additional 131 shares during the quarter. PepsiCo comprises about 0.9% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest position. MeadowBrook Investment Advisors LLC’s holdings in PepsiCo were worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. TBH Global Asset Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at approximately $317,000. Leo Wealth LLC grew its stake in PepsiCo by 13.6% during the first quarter. Leo Wealth LLC now owns 3,997 shares of the company’s stock worth $696,000 after buying an additional 480 shares during the last quarter. Trillium Asset Management LLC increased its holdings in PepsiCo by 5.5% during the 1st quarter. Trillium Asset Management LLC now owns 3,370 shares of the company’s stock valued at $590,000 after purchasing an additional 177 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of PepsiCo by 5.2% in the first quarter. Brighton Jones LLC now owns 26,151 shares of the company’s stock valued at $4,577,000 after buying an additional 1,298 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its position in shares of PepsiCo by 6.3% during the first quarter. Cumberland Partners Ltd now owns 13,342 shares of the company’s stock worth $2,335,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock traded up $0.43 during trading hours on Thursday, hitting $165.17. The company had a trading volume of 593,332 shares, compared to its average volume of 5,427,741. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The firm has a 50-day moving average of $171.48 and a 200 day moving average of $171.72. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $226.61 billion, a PE ratio of 24.30, a PEG ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (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 firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $190.00 to $183.00 in a report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada lowered their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus 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.