Heritage Investment Group Inc. Purchases 193 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Heritage Investment Group Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,751 shares of the company’s stock after purchasing an additional 193 shares during the period. Heritage Investment Group Inc.’s holdings in PepsiCo were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEP. RIA Advisory Group LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $1,094,000. Natixis Advisors LLC boosted its stake in shares of PepsiCo by 7.2% during the 3rd quarter. Natixis Advisors LLC now owns 892,326 shares of the company’s stock worth $151,740,000 after acquiring an additional 60,026 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in shares of PepsiCo by 682.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 829,500 shares of the company’s stock worth $141,056,000 after acquiring an additional 723,504 shares during the last quarter. Coastline Trust Co boosted its stake in shares of PepsiCo by 1.4% during the 3rd quarter. Coastline Trust Co now owns 22,531 shares of the company’s stock worth $3,831,000 after acquiring an additional 312 shares during the last quarter. Finally, Northcape Wealth Management LLC raised its position in shares of PepsiCo by 0.5% during the 3rd quarter. Northcape Wealth Management LLC now owns 34,118 shares of the company’s stock valued at $5,802,000 after purchasing an additional 170 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 4.0 %

Shares of NASDAQ PEP traded down $6.53 during mid-day trading on Friday, hitting $158.62. The company had a trading volume of 9,108,948 shares, compared to its average volume of 5,466,003. The company has a market capitalization of $217.63 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The business’s 50-day simple moving average is $170.82 and its 200 day simple moving average is $171.56.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada dropped their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Morgan Stanley cut 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. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus 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.