PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 242,480 shares of the company’s stock after purchasing an additional 13,083 shares during the period. Pathstone Holdings LLC’s holdings in PepsiCo were worth $41,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PEP. Global Wealth Strategies & Associates raised its position in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the third quarter worth $28,000. POM Investment Strategies LLC raised its holdings in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new position in PepsiCo during the second quarter valued at $30,000. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo in the second quarter valued at $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. 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 note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.2 %

PEP stock opened at $158.33 on Tuesday. PepsiCo, Inc. has a 52 week low of $157.76 and a 52 week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a 50-day simple moving average of $170.42 and a 200-day simple moving average of $171.38. The stock has a market capitalization of $217.23 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.96 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, 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 firm 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 EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

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.