Ropes Wealth Advisors LLC increased its position in shares of PepsiCo Inc. (NYSE:PEP) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,506 shares of the company’s stock after buying an additional 4,091 shares during the period. PepsiCo accounts for 1.5% of Ropes Wealth Advisors LLC’s holdings, making the stock its 18th largest position. Ropes Wealth Advisors LLC’s holdings in PepsiCo were worth $4,291,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. D. Scott Neal Inc. raised its position in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the period. Piershale Financial Group Inc. raised its position in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the period. Stelac Advisory Services LLC raised its position in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the period. Cypress Capital Management LLC WY bought a new position in PepsiCo during the second quarter worth $129,000. Finally, Gradient Investments LLC raised its position in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares during the period. 70.04% of the stock is owned by institutional investors.
PepsiCo Inc. (NYSE:PEP) traded up 0.41% during midday trading on Friday, reaching $107.07. The company’s stock had a trading volume of 3,378,934 shares. The stock’s 50 day moving average price is $106.51 and its 200-day moving average price is $105.70. The stock has a market cap of $153.56 billion, a price-to-earnings ratio of 23.49 and a beta of 0.46. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94.
PepsiCo (NYSE:PEP) last released its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm had revenue of $16 billion for the quarter. During the same period in the previous year, the company earned $1.35 earnings per share. PepsiCo’s revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that PepsiCo Inc. will post $4.81 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Bank of America Corp. reiterated a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Friday, September 30th. Argus increased their target price on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. PepsiCo presently has an average rating of “Buy” and an average price target of $113.68.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.