PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,463 shares of the company’s stock after acquiring an additional 5,048 shares during the quarter. Tectonic Advisors LLC’s holdings in PepsiCo were worth $6,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted 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 buying an additional 139 shares during the period. Norden Group LLC boosted 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 buying an additional 174,171 shares during the period. M&G Plc boosted 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 buying an additional 14,724 shares during the period. OLD Second National Bank of Aurora boosted 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 buying an additional 5,737 shares during the period. Finally, Koss Olinger Consulting LLC boosted 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 buying an additional 31,072 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5 %

PepsiCo stock opened at $172.16 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The business’s 50-day simple moving average is $173.88 and its 200-day simple moving average is $172.23. The firm has a market capitalization of $236.68 billion, a PE ratio of 24.99, a PEG ratio of 3.25 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business 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 firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $183.92.

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.