Weatherly Asset Management L. P. Buys 966 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Weatherly Asset Management L. P. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,957 shares of the company’s stock after buying an additional 966 shares during the quarter. Weatherly Asset Management L. P.’s holdings in PepsiCo were worth $1,013,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Advisors Inc. OK lifted its holdings in shares of PepsiCo by 0.4% during the third quarter. Capital Advisors Inc. OK now owns 1,764,545 shares of the company’s stock valued at $300,061,000 after acquiring an additional 7,625 shares during the period. Campbell Wealth Management bought a new position in shares of PepsiCo during the third quarter valued at $322,000. Americana Partners LLC lifted its holdings in shares of PepsiCo by 3.7% during the third quarter. Americana Partners LLC now owns 51,898 shares of the company’s stock valued at $8,825,000 after acquiring an additional 1,873 shares during the period. Shepherd Financial Partners LLC increased its stake in shares of PepsiCo by 8.0% in the third quarter. Shepherd Financial Partners LLC now owns 7,927 shares of the company’s stock valued at $1,348,000 after buying an additional 584 shares in the last quarter. Finally, Absher Wealth Management LLC increased its stake in shares of PepsiCo by 3.7% in the third quarter. Absher Wealth Management LLC now owns 204,471 shares of the company’s stock valued at $34,770,000 after buying an additional 7,268 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.3 %

NASDAQ PEP opened at $165.59 on Friday. The stock has a market capitalization of $227.19 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.10 and a beta of 0.53. The stock’s 50 day moving average price is $173.03 and its two-hundred day moving average price is $172.19. 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 52 week low of $158.03 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its 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. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Bank of America lowered their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered 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. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.92.

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.