Houlihan Financial Resource Group Ltd. Acquires New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Houlihan Financial Resource Group Ltd. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,442 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 17 Capital Partners LLC bought a new position in shares of PepsiCo during the 3rd quarter worth about $403,000. Mach 1 Financial Group LLC raised its stake in PepsiCo by 4.5% during the third quarter. Mach 1 Financial Group LLC now owns 1,655 shares of the company’s stock worth $282,000 after acquiring an additional 71 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in PepsiCo by 0.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 216,500 shares of the company’s stock valued at $36,816,000 after purchasing an additional 1,158 shares during the last quarter. XML Financial LLC boosted its position in PepsiCo by 2.6% in the third quarter. XML Financial LLC now owns 14,252 shares of the company’s stock valued at $2,423,000 after buying an additional 358 shares in the last quarter. Finally, RKL Wealth Management LLC grew its stake in PepsiCo by 2.4% during the third quarter. RKL Wealth Management LLC now owns 12,936 shares of the company’s stock worth $2,200,000 after buying an additional 300 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.7 %

Shares of PEP stock opened at $165.11 on Friday. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month 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 fifty day moving average of $172.19 and a 200-day moving average of $171.97. The company has a market capitalization of $226.53 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 3.07 and a beta of 0.53.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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 target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a 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’s stock. According to MarketBeat, the stock currently has a consensus 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.