PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 892,326 shares of the company’s stock after purchasing an additional 60,026 shares during the quarter. Natixis Advisors LLC’s holdings in PepsiCo were worth $151,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in PepsiCo by 5.1% during the 1st quarter. Acadian Asset Management LLC now owns 760,925 shares of the company’s stock worth $133,147,000 after buying an additional 36,709 shares during the last quarter. Patten & Patten Inc. TN grew its position in shares of PepsiCo by 7.7% during the first quarter. Patten & Patten Inc. TN now owns 60,720 shares of the company’s stock worth $10,627,000 after acquiring an additional 4,320 shares during the last quarter. Chiron Capital Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter worth about $401,000. Edgestream Partners L.P. boosted its stake in PepsiCo by 20.9% during the 1st quarter. Edgestream Partners L.P. now owns 4,605 shares of the company’s stock valued at $806,000 after purchasing an additional 796 shares during the period. Finally, Jacobi Capital Management LLC grew its position in PepsiCo by 1.6% in the 1st quarter. Jacobi Capital Management LLC now owns 54,222 shares of the company’s stock worth $9,489,000 after purchasing an additional 873 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Barclays decreased their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Trading Down 4.0 %

Shares of PEP opened at $158.62 on Friday. The business’s 50-day moving average price is $170.82 and its 200 day moving average price is $171.56. 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 stock has a market capitalization of $217.63 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results 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. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

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.