Cassaday & Co Wealth Management LLC Has $12.77 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Cassaday & Co Wealth Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,115 shares of the company’s stock after purchasing an additional 481 shares during the quarter. PepsiCo makes up approximately 0.4% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Cassaday & Co Wealth Management LLC’s holdings in PepsiCo were worth $12,773,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PEP. Edgestream Partners L.P. increased its position in shares of PepsiCo by 20.9% in the 1st quarter. Edgestream Partners L.P. now owns 4,605 shares of the company’s stock valued at $806,000 after buying an additional 796 shares in the last quarter. PYA Waltman Capital LLC boosted its position in PepsiCo by 18.3% during the first quarter. PYA Waltman Capital LLC now owns 14,348 shares of the company’s stock valued at $2,511,000 after purchasing an additional 2,218 shares during the last quarter. Capitolis Liquid Global Markets LLC increased its holdings in PepsiCo by 268.9% during the first quarter. Capitolis Liquid Global Markets LLC now owns 848,400 shares of the company’s stock worth $148,478,000 after buying an additional 618,400 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in PepsiCo in the first quarter valued at $559,000. Finally, Lake Street Advisors Group LLC increased its stake in shares of PepsiCo by 172.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 22,084 shares of the company’s stock worth $3,893,000 after purchasing an additional 13,966 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays cut their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One equities research 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, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Down 4.0 %

Shares of PEP stock opened at $158.62 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The stock has a market cap of $217.63 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The stock has a 50 day simple moving average of $170.82 and a 200 day simple moving average of $171.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. The business 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 was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal 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.