Apollon Financial LLC Makes New $215,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Apollon Financial LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,266 shares of the company’s stock, valued at approximately $215,000.

Other large investors also recently added to or reduced their stakes in the company. M&G Plc increased its position in PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares during the period. Fiduciary Family Office LLC increased its position in shares of PepsiCo by 119.6% during the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock worth $1,164,000 after purchasing an additional 3,727 shares in the last quarter. GFS Advisors LLC boosted its position in shares of PepsiCo by 13,209.4% in the 3rd quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock worth $12,290,000 after purchasing an additional 71,727 shares in the last quarter. WoodTrust Financial Corp increased its position in PepsiCo by 5.7% during the 3rd quarter. WoodTrust Financial Corp now owns 64,341 shares of the company’s stock valued at $10,941,000 after buying an additional 3,465 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in PepsiCo by 0.8% in the second quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock worth $63,853,000 after acquiring an additional 2,976 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.5 %

Shares of PEP stock opened at $164.26 on Tuesday. 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 company’s 50-day moving average price is $172.02 and its 200-day moving average price is $171.85. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock has a market cap of $225.36 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 3.08 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share 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 company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut 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. Royal Bank of Canada cut their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.