PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,722 shares of the company’s stock after purchasing an additional 1,843 shares during the period. Intellectus Partners LLC’s holdings in PepsiCo were worth $1,653,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Balboa Wealth Partners increased its stake in PepsiCo by 2.8% during the 3rd quarter. Balboa Wealth Partners now owns 2,611 shares of the company’s stock worth $444,000 after buying an additional 72 shares during the period. Oak Harbor Wealth Partners LLC increased its position in shares of PepsiCo by 3.3% during the third quarter. Oak Harbor Wealth Partners LLC now owns 6,461 shares of the company’s stock worth $1,099,000 after acquiring an additional 204 shares during the period. Sargent Investment Group LLC raised its stake in shares of PepsiCo by 5.9% in the third quarter. Sargent Investment Group LLC now owns 5,937 shares of the company’s stock valued at $1,010,000 after acquiring an additional 332 shares in the last quarter. Lifeworks Advisors LLC boosted its holdings in PepsiCo by 3.3% in the third quarter. Lifeworks Advisors LLC now owns 11,436 shares of the company’s stock valued at $1,945,000 after purchasing an additional 367 shares during the period. Finally, MeadowBrook Investment Advisors LLC grew its stake in PepsiCo by 2.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 6,156 shares of the company’s stock worth $1,047,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $165.15 on Friday. The stock has a 50-day simple moving average of $171.48 and a 200-day simple moving average of $171.72. The company has a market capitalization of $226.58 billion, a P/E ratio of 24.36, a PEG ratio of 3.07 and a beta of 0.53. 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, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41.

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 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 business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PEP shares. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Barclays dropped their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One 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, PepsiCo has an average rating of “Hold” and an average target price 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.