AEGON ASSET MANAGEMENT UK Plc Buys 16,078 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 422,878 shares of the company’s stock after purchasing an additional 16,078 shares during the period. PepsiCo comprises 1.0% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 22nd largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in PepsiCo were worth $71,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. increased its position in PepsiCo by 132.7% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 747 shares of the company’s stock valued at $131,000 after acquiring an additional 426 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of PepsiCo in the first quarter worth approximately $29,303,000. Atomi Financial Group Inc. increased its holdings in PepsiCo by 28.7% during 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 last quarter. Concurrent Investment Advisors LLC raised its position in PepsiCo by 5.3% in the first quarter. Concurrent Investment Advisors LLC now owns 72,318 shares of the company’s stock worth $12,656,000 after acquiring an additional 3,614 shares during the period. Finally, Bey Douglas LLC grew its position in shares of PepsiCo by 6.0% during the 1st quarter. Bey Douglas LLC now owns 1,792 shares of the company’s stock valued at $314,000 after acquiring an additional 101 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Barclays decreased their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Stock Up 0.7 %

Shares of PEP opened at $165.11 on Friday. 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, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The company has a market cap of $226.53 billion, a PE ratio of 24.35, a P/E/G ratio of 3.07 and a beta of 0.53. The business has a fifty day moving average of $172.19 and a 200 day moving average of $171.97.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the prior year, the firm posted $2.25 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

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.