PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Insight 2811 Inc.

Insight 2811 Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.5% during the 3rd quarter, Holdings Channel reports. The firm owned 2,106 shares of the company’s stock after buying an additional 200 shares during the period. Insight 2811 Inc.’s holdings in PepsiCo were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. M&G Plc raised its holdings in PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in shares of PepsiCo by 3.5% in the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after purchasing an additional 4,547 shares during the period. Fiduciary Family Office LLC increased its stake in PepsiCo by 119.6% in the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,727 shares during the last quarter. GFS Advisors LLC lifted its position in PepsiCo by 13,209.4% during the third quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock worth $12,290,000 after buying an additional 71,727 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in PepsiCo by 4.6% in the 3rd quarter. Empower Advisory Group LLC now owns 378,902 shares of the company’s stock valued at $64,432,000 after buying an additional 16,523 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.9 %

Shares of PEP stock traded down $3.06 on Friday, hitting $162.09. The stock had a trading volume of 941,675 shares, compared to its average volume of 5,429,287. The stock’s 50 day moving average is $171.19 and its 200-day moving average is $171.68. The firm has a market capitalization of $222.39 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-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 posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share 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 period in the prior year, the company posted $2.25 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. One 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’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average 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.