Stockman Wealth Management Inc. Has $10.85 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stockman Wealth Management Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,785 shares of the company’s stock after acquiring an additional 5,168 shares during the quarter. PepsiCo makes up approximately 1.7% of Stockman Wealth Management Inc.’s portfolio, making the stock its 22nd biggest position. Stockman Wealth Management Inc.’s holdings in PepsiCo were worth $10,847,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Global Wealth Strategies & Associates raised its position in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter worth about $28,000. POM Investment Strategies LLC raised its position in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $30,000. Finally, Mattson Financial Services LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.11 during mid-day trading on Friday, reaching $165.11. The company had a trading volume of 4,618,265 shares, compared to its average volume of 5,463,349. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market cap of $226.53 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.07 and a beta of 0.53. The company’s 50-day moving average price is $172.19 and its 200-day moving average price is $171.97. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Morgan Stanley downgraded 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 downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Company 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.