Ashton Thomas Private Wealth LLC Has $6.94 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Ashton Thomas Private Wealth LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,796 shares of the company’s stock after selling 225 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in PepsiCo were worth $6,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of PepsiCo by 2.6% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 52,979 shares of the company’s stock worth $9,272,000 after acquiring an additional 1,355 shares in the last quarter. William Allan Corp lifted its position in PepsiCo by 2.5% during the 1st quarter. William Allan Corp now owns 12,464 shares of the company’s stock worth $2,181,000 after buying an additional 302 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of PepsiCo by 14.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 23,319 shares of the company’s stock worth $4,081,000 after buying an additional 2,958 shares during the last quarter. Miramar Capital LLC grew its holdings in shares of PepsiCo by 2.8% in the 1st quarter. Miramar Capital LLC now owns 105,763 shares of the company’s stock valued at $18,828,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. boosted its position in PepsiCo by 1.0% during the first quarter. Pettyjohn Wood & White Inc. now owns 62,746 shares of the company’s stock valued at $10,981,000 after purchasing an additional 611 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $164.66 on Tuesday. The business has a 50-day simple moving average of $172.02 and a two-hundred day simple moving average of $171.85. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The stock has a market cap of $225.91 billion, a PE ratio of 24.23, a PEG ratio of 3.08 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced 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 during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $183.92.

About PepsiCo

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.