J.W. Cole Advisors Inc. Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

J.W. Cole Advisors Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,071 shares of the company’s stock after buying an additional 3,688 shares during the period. J.W. Cole Advisors Inc.’s holdings in PepsiCo were worth $4,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Capital Advisors Ltd. LLC increased its position in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after acquiring an additional 139 shares in the last quarter. Norden Group LLC increased its position in shares of PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after acquiring an additional 174,171 shares in the last quarter. M&G Plc increased its position in shares of PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after acquiring an additional 14,724 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of PepsiCo by 32.7% in the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Koss Olinger Consulting LLC increased its position in shares of PepsiCo by 1,320.5% in the first quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock worth $5,850,000 after acquiring an additional 31,072 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Bank of America lowered their price target 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. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, DZ Bank lowered shares of 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Down 0.2 %

PepsiCo stock opened at $171.79 on Monday. The firm’s 50-day moving average is $173.86 and its 200-day moving average is $172.28. 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, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The company has a market cap of $236.17 billion, a P/E ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53.

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. 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 last year, the firm posted $2.25 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

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.