Country Club Bank Purchases 380 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Country Club Bank boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,253 shares of the company’s stock after purchasing an additional 380 shares during the period. Country Club Bank’s holdings in PepsiCo were worth $3,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Valued Wealth Advisors LLC lifted its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. Global Wealth Strategies & Associates raised 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 acquiring an additional 59 shares during the period. POM Investment Strategies LLC boosted 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 worth $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the second quarter valued at approximately $30,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of PepsiCo during the first quarter worth approximately $35,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.2 %

Shares of PEP opened at $171.79 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The firm has a market cap of $236.17 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53. The business’s fifty day moving average is $173.87 and its 200-day moving average is $172.23.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PEP shares. Deutsche Bank Aktiengesellschaft decreased 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. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Jefferies Financial Group cut their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Bank of America lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.