New Covenant Trust Company N.A. Acquires 550 Shares of PepsiCo, Inc. (NASDAQ:PEP)

New Covenant Trust Company N.A. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,059 shares of the company’s stock after purchasing an additional 550 shares during the quarter. New Covenant Trust Company N.A.’s holdings in PepsiCo were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Janney Capital Management LLC purchased a new stake in shares of PepsiCo in the third quarter valued at $12,001,000. Private Wealth Partners LLC increased its stake in PepsiCo by 1.5% in the 3rd quarter. Private Wealth Partners LLC now owns 35,906 shares of the company’s stock worth $6,106,000 after buying an additional 516 shares during the period. Conning Inc. increased its stake in PepsiCo by 1.1% in the 3rd quarter. Conning Inc. now owns 216,739 shares of the company’s stock worth $36,856,000 after buying an additional 2,346 shares during the period. Clear Creek Financial Management LLC increased its stake in PepsiCo by 4.5% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,700 shares of the company’s stock worth $629,000 after buying an additional 161 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in PepsiCo by 1.5% in the 3rd quarter. Princeton Global Asset Management LLC now owns 24,056 shares of the company’s stock worth $4,091,000 after buying an additional 352 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on PEP shares. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Bank of America lowered their price target 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. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group lowered their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. One investment 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 MarketBeat, the company currently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Performance

PEP opened at $165.59 on Friday. 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 firm has a fifty day moving average price of $173.03 and a 200 day moving average price of $172.23. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The stock has a market cap of $227.19 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.09 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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 firm had revenue of $23.32 billion during 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 was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share 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.