Kovack Advisors Inc. Acquires 565 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kovack Advisors Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,728 shares of the company’s stock after purchasing an additional 565 shares during the quarter. Kovack Advisors Inc.’s holdings in PepsiCo were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. TBH Global Asset Management LLC acquired a new position in PepsiCo during the 1st quarter valued at $317,000. Kingsview Wealth Management LLC raised its position in shares of PepsiCo by 10.6% during the first quarter. Kingsview Wealth Management LLC now owns 106,271 shares of the company’s stock valued at $18,599,000 after buying an additional 10,201 shares during the last quarter. Wilkins Investment Counsel Inc. lifted its stake in shares of PepsiCo by 45.8% in the first quarter. Wilkins Investment Counsel Inc. now owns 86,612 shares of the company’s stock valued at $15,158,000 after buying an additional 27,223 shares during the period. Orion Portfolio Solutions LLC grew its position in PepsiCo by 8.2% during the first quarter. Orion Portfolio Solutions LLC now owns 113,105 shares of the company’s stock worth $19,794,000 after buying an additional 8,612 shares in the last quarter. Finally, Private Portfolio Partners LLC lifted its position in shares of PepsiCo by 5.4% in the 1st quarter. Private Portfolio Partners LLC now owns 3,551 shares of the company’s stock worth $621,000 after acquiring an additional 182 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.7 %

Shares of PEP traded down $1.09 on Wednesday, reaching $163.25. 972,666 shares of the company’s stock were exchanged, compared to its average volume of 5,435,294. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The stock has a market capitalization of $223.98 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $172.02 and a two-hundred day moving average price of $171.85.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price 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.