PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Jmac Enterprises LLC

Jmac Enterprises LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,523 shares of the company’s stock after buying an additional 351 shares during the period. Jmac Enterprises LLC’s holdings in PepsiCo were worth $2,470,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Global Wealth Strategies & Associates grew its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $28,000. POM Investment Strategies LLC lifted its holdings in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in PepsiCo during the second quarter worth about $30,000. Finally, Mattson Financial Services LLC bought a new position in PepsiCo in the 2nd quarter valued at $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $164.85 on Thursday. 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 $226.17 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. The business has a fifty day simple moving average of $172.50 and a 200 day simple moving average of $172.11.

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 company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’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 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $183.92.

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.