TCI Wealth Advisors Inc. Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

TCI Wealth Advisors Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,979 shares of the company’s stock after buying an additional 67 shares during the period. TCI Wealth Advisors Inc.’s holdings in PepsiCo were worth $2,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in PepsiCo by 24.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 13,926 shares of the company’s stock worth $2,368,000 after buying an additional 2,711 shares during the period. Concord Wealth Partners boosted its position in shares of PepsiCo by 4.2% during the third quarter. Concord Wealth Partners now owns 19,118 shares of the company’s stock valued at $3,251,000 after purchasing an additional 764 shares in the last quarter. Investment Partners Asset Management Inc. grew its stake in PepsiCo by 23.4% in the third quarter. Investment Partners Asset Management Inc. now owns 3,547 shares of the company’s stock worth $603,000 after purchasing an additional 672 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new position in PepsiCo during the third quarter valued at $480,000. Finally, Welch Group LLC grew its position in shares of PepsiCo by 2.4% in the 3rd quarter. Welch Group LLC now owns 313,111 shares of the company’s stock worth $53,244,000 after buying an additional 7,461 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PEP shares. Royal Bank of Canada cut their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Performance

NASDAQ:PEP traded down $1.38 during trading hours on Monday, reaching $170.41. The company had a trading volume of 1,256,111 shares, compared to its average volume of 5,449,504. The firm has a market cap of $234.28 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.25 and a beta of 0.53. 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 52 week low of $158.03 and a 52 week high of $183.41. The firm’s 50 day moving average price is $173.86 and its 200-day moving average price is $172.28.

PepsiCo (NASDAQ:PEP) last released 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. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the previous year, the company posted $2.25 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo 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.