PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Aviance Capital Partners LLC

Aviance Capital Partners LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,545 shares of the company’s stock after purchasing an additional 876 shares during the period. Aviance Capital Partners LLC’s holdings in PepsiCo were worth $2,813,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PEP. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the third quarter worth $28,000. POM Investment Strategies LLC raised its stake in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in PepsiCo in the second quarter valued at $30,000. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2 %

Shares of NASDAQ:PEP opened at $158.33 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap 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, Inc. has a 1-year low of $157.76 and a 1-year high of $183.41. The firm has a fifty day moving average price of $170.42 and a 200 day moving average price of $171.38.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the company posted $2.25 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Company 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.