Aptus Capital Advisors LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Aptus Capital Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,635 shares of the company’s stock after buying an additional 28,009 shares during the period. Aptus Capital Advisors LLC’s holdings in PepsiCo were worth $23,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. grew its holdings in PepsiCo by 2.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 52,979 shares of the company’s stock valued at $9,272,000 after purchasing an additional 1,355 shares during the last quarter. William Allan Corp raised its holdings in shares of PepsiCo by 2.5% during the 1st quarter. William Allan Corp now owns 12,464 shares of the company’s stock valued at $2,181,000 after buying an additional 302 shares during the period. Koshinski Asset Management Inc. grew its stake in PepsiCo by 14.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 23,319 shares of the company’s stock valued at $4,081,000 after purchasing an additional 2,958 shares in the last quarter. Miramar Capital LLC grew its stake in PepsiCo by 2.8% during the 1st quarter. Miramar Capital LLC now owns 105,763 shares of the company’s stock valued at $18,828,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. grew its position in shares of PepsiCo by 1.0% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 62,746 shares of the company’s stock worth $10,981,000 after acquiring an additional 611 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.06 during mid-day trading on Tuesday, hitting $164.20. 928,534 shares of the stock were exchanged, compared to its average volume of 5,435,313. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The stock has a market capitalization of $225.28 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 3.08 and a beta of 0.53. The stock’s fifty day simple moving average is $172.02 and its two-hundred day simple moving average is $171.85. 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 (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.25 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PEP. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America lowered their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Finally, Royal Bank of Canada cut 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.