Aptus Capital Advisors LLC Has $23.41 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Aptus Capital Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,635 shares of the company’s stock after purchasing an additional 28,009 shares during the period. Aptus Capital Advisors LLC’s holdings in PepsiCo were worth $23,405,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. boosted its holdings in PepsiCo by 2.6% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 52,979 shares of the company’s stock valued at $9,272,000 after purchasing an additional 1,355 shares during the period. William Allan Corp lifted its stake in shares of PepsiCo by 2.5% in the first quarter. William Allan Corp now owns 12,464 shares of the company’s stock valued at $2,181,000 after buying an additional 302 shares during the period. Koshinski Asset Management Inc. increased its stake in PepsiCo by 14.5% during the first quarter. Koshinski Asset Management Inc. now owns 23,319 shares of the company’s stock valued at $4,081,000 after acquiring an additional 2,958 shares during the period. Miramar Capital LLC raised its holdings in PepsiCo by 2.8% in the 1st quarter. Miramar Capital LLC now owns 105,763 shares of the company’s stock valued at $18,828,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. grew its holdings in shares of PepsiCo by 1.0% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 62,746 shares of the company’s stock worth $10,981,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Bank of America lowered their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Finally, TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Down 0.0 %

NASDAQ PEP traded down $0.06 during trading hours on Tuesday, hitting $164.20. The company’s stock had a trading volume of 928,534 shares, compared to its average volume of 5,435,313. 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 twelve month low of $158.03 and a twelve month high of $183.41. The firm has a market capitalization of $225.28 billion, a P/E ratio of 24.22, a PEG ratio of 3.08 and a beta of 0.53. The stock has a fifty day moving average of $172.02 and a 200 day moving average of $171.85.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating 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 business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the company posted $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal 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.