Pathway Financial Advisers LLC Purchases 1,041 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pathway Financial Advisers LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,726 shares of the company’s stock after acquiring an additional 1,041 shares during the period. Pathway Financial Advisers LLC’s holdings in PepsiCo were worth $6,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mutual Advisors LLC grew its position in shares of PepsiCo by 0.7% in the 3rd quarter. Mutual Advisors LLC now owns 27,266 shares of the company’s stock valued at $4,694,000 after buying an additional 177 shares during the last quarter. Saybrook Capital NC grew its position in shares of PepsiCo by 7.7% in the 3rd quarter. Saybrook Capital NC now owns 14,105 shares of the company’s stock valued at $2,398,000 after buying an additional 1,003 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of PepsiCo by 16.4% in the 3rd quarter. Fidelis Capital Partners LLC now owns 11,905 shares of the company’s stock valued at $2,059,000 after buying an additional 1,675 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of PepsiCo by 5.1% in the 3rd quarter. Valmark Advisers Inc. now owns 17,876 shares of the company’s stock valued at $3,040,000 after buying an additional 868 shares during the last quarter. Finally, GW Henssler & Associates Ltd. lifted its stake in shares of PepsiCo by 1.2% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 118,369 shares of the company’s stock valued at $20,129,000 after purchasing an additional 1,373 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Down 1.4 %

PEP stock opened at $167.50 on Wednesday. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is $173.61 and its 200-day moving average is $172.29. The firm has a market capitalization of $230.28 billion, a PE ratio of 24.31, a P/E/G ratio of 3.20 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company 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 company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal 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.