Campbell Wealth Management Purchases Shares of 1,895 PepsiCo, Inc. (NASDAQ:PEP)

Campbell Wealth Management purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,895 shares of the company’s stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. StoneX Group Inc. grew its holdings in shares of PepsiCo by 10.5% during the 1st quarter. StoneX Group Inc. now owns 22,745 shares of the company’s stock worth $4,007,000 after acquiring an additional 2,159 shares during the period. Capital Investment Counsel Inc grew its holdings in shares of PepsiCo by 1.7% during the 1st quarter. Capital Investment Counsel Inc now owns 4,184 shares of the company’s stock worth $732,000 after acquiring an additional 68 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in shares of PepsiCo by 270.9% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 15,426 shares of the company’s stock worth $2,700,000 after acquiring an additional 11,267 shares during the period. PDS Planning Inc grew its stake in shares of PepsiCo by 2.6% in the 1st quarter. PDS Planning Inc now owns 8,753 shares of the company’s stock worth $1,532,000 after buying an additional 224 shares during the last quarter. Finally, Palisade Asset Management LLC grew its stake in shares of PepsiCo by 3.9% in the 1st quarter. Palisade Asset Management LLC now owns 97,533 shares of the company’s stock worth $17,069,000 after buying an additional 3,705 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

Shares of PEP stock opened at $165.59 on Friday. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. 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 firm has a market capitalization of $227.19 billion, a PE ratio of 24.42, a PEG ratio of 3.10 and a beta of 0.53. The stock has a fifty day simple moving average of $173.03 and a two-hundred day simple moving average of $172.19.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $23.86 billion. During the same quarter in the prior year, the business posted $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays cut their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group cut their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. 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. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.