Crumly & Associates Inc. Has $437,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Crumly & Associates Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,567 shares of the company’s stock after selling 112 shares during the quarter. Crumly & Associates Inc.’s holdings in PepsiCo were worth $437,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. raised its stake in PepsiCo by 132.7% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 747 shares of the company’s stock worth $131,000 after acquiring an additional 426 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of PepsiCo in the first quarter valued at approximately $29,303,000. Atomi Financial Group Inc. increased its stake in shares of PepsiCo by 28.7% in the first quarter. Atomi Financial Group Inc. now owns 5,308 shares of the company’s stock valued at $929,000 after buying an additional 1,183 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of PepsiCo by 5.3% in the first quarter. Concurrent Investment Advisors LLC now owns 72,318 shares of the company’s stock valued at $12,656,000 after buying an additional 3,614 shares during the period. Finally, Bey Douglas LLC increased its stake in shares of PepsiCo by 6.0% in the first quarter. Bey Douglas LLC now owns 1,792 shares of the company’s stock valued at $314,000 after buying an additional 101 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $165.11 on Friday. The stock has a market capitalization of $226.53 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The stock’s 50 day moving average price is $172.19 and its two-hundred day moving average price is $171.97. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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 analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. lowered 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 lowered their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. DZ Bank cut 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, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.