Parkside Financial Bank & Trust Has $1.74 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Parkside Financial Bank & Trust grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,705 shares of the company’s stock after purchasing an additional 268 shares during the period. PepsiCo comprises approximately 0.6% of Parkside Financial Bank & Trust’s holdings, making the stock its 26th biggest holding. Parkside Financial Bank & Trust’s holdings in PepsiCo were worth $1,742,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PEP. West Oak Capital LLC raised its holdings in shares of PepsiCo by 0.5% in the third quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock valued at $2,088,000 after buying an additional 75 shares during the last quarter. First Bank & Trust raised its holdings in PepsiCo by 0.5% during the 3rd quarter. First Bank & Trust now owns 14,552 shares of the company’s stock worth $1,995,000 after purchasing an additional 75 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in PepsiCo by 2.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock worth $429,000 after purchasing an additional 76 shares during the last quarter. Stillwater Investment Management LLC raised its holdings in PepsiCo by 0.5% during the 3rd quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock worth $2,086,000 after purchasing an additional 79 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its holdings in PepsiCo by 18.8% during the 2nd quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock worth $66,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 71.70% of the company’s stock.

Shares of PepsiCo stock traded down $0.19 during trading on Friday, hitting $133.13. 2,603,900 shares of the company were exchanged, compared to its average volume of 4,495,963. PepsiCo, Inc. has a 1-year low of $105.03 and a 1-year high of $140.45. The firm has a market capitalization of $186.87 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The firm’s fifty day moving average price is $136.50 and its 200 day moving average price is $132.56.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the prior year, the business earned $1.59 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

Several brokerages have weighed in on PEP. Guggenheim set a $130.00 price objective on PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. Atlantic Securities began coverage on PepsiCo in a report on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective for the company. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup boosted their price objective on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Deutsche Bank boosted their price objective on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $135.53.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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