Tectonic Advisors LLC Purchases 5,048 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tectonic Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,463 shares of the company’s stock after acquiring an additional 5,048 shares during the quarter. Tectonic Advisors LLC’s holdings in PepsiCo were worth $6,541,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEP. Brookstone Capital Management grew its stake in shares of PepsiCo by 12.3% in the 1st quarter. Brookstone Capital Management now owns 34,648 shares of the company’s stock valued at $6,064,000 after purchasing an additional 3,794 shares during the period. Cypress Wealth Services LLC boosted its holdings in shares of PepsiCo by 37.3% in the 1st quarter. Cypress Wealth Services LLC now owns 2,572 shares of the company’s stock worth $450,000 after acquiring an additional 699 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $5,495,000. Pinnacle Bancorp Inc. boosted its holdings in shares of PepsiCo by 2.1% in the 1st quarter. Pinnacle Bancorp Inc. now owns 7,366 shares of the company’s stock worth $1,289,000 after acquiring an additional 150 shares in the last quarter. Finally, Norwood Financial Corp boosted its holdings in shares of PepsiCo by 9.9% in the 1st quarter. Norwood Financial Corp now owns 2,225 shares of the company’s stock worth $389,000 after acquiring an additional 200 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PEP. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Price Performance

PEP opened at $172.16 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The company has a fifty day simple moving average of $173.88 and a 200 day simple moving average of $172.23. The stock has a market cap of $236.68 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.25 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its 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. The firm had revenue of $23.32 billion during 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 was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. On average, research analysts expect 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.