Harvest Portfolios Group Inc. Has $17.42 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Harvest Portfolios Group Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,449 shares of the company’s stock after buying an additional 3,301 shares during the period. Harvest Portfolios Group Inc.’s holdings in PepsiCo were worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. M&G Plc boosted its stake in PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after purchasing an additional 14,724 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings in PepsiCo by 32.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after acquiring an additional 5,737 shares during the last quarter. Nisa Investment Advisors LLC increased its position in PepsiCo by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock valued at $63,853,000 after acquiring an additional 2,976 shares in the last quarter. Viking Fund Management LLC lifted its position in shares of PepsiCo by 8.2% during the third quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock worth $11,223,000 after purchasing an additional 5,000 shares in the last quarter. Finally, GFS Advisors LLC grew its stake in shares of PepsiCo by 13,209.4% during the third quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock valued at $12,290,000 after purchasing an additional 71,727 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of several research reports. Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Up 0.3 %

Shares of PepsiCo stock opened at $168.40 on Wednesday. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market capitalization of $231.04 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. The business has a 50-day moving average of $172.69 and a two-hundred day moving average of $172.16.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion for 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 business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

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.