Taylor Hoffman Wealth Management Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Taylor Hoffman Wealth Management lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,663 shares of the company’s stock after buying an additional 3,285 shares during the period. PepsiCo makes up approximately 1.8% of Taylor Hoffman Wealth Management’s holdings, making the stock its 11th largest holding. Taylor Hoffman Wealth Management’s holdings in PepsiCo were worth $2,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in PepsiCo by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock worth $14,961,613,000 after purchasing an additional 838,652 shares during the period. BlackRock Inc. boosted its position in shares of PepsiCo by 1.4% in the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock worth $13,422,659,000 after acquiring an additional 1,413,723 shares during the last quarter. Northern Trust Corp boosted its position in shares of PepsiCo by 0.7% in the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock worth $2,729,962,000 after acquiring an additional 143,784 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of PepsiCo by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock worth $2,607,480,000 after acquiring an additional 378,960 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of PepsiCo by 1.1% in the second quarter. Morgan Stanley now owns 11,058,425 shares of the company’s stock worth $1,450,090,000 after acquiring an additional 117,564 shares during the last quarter. Hedge funds and other institutional investors own 71.70% of the company’s stock.

Several research analysts recently commented on the stock. BMO Capital Markets restated a “market perform” rating and issued a $133.00 price target (up previously from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Credit Suisse Group raised their price target on PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research report on Friday, October 4th. Citigroup raised their price target on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Deutsche Bank raised their price target on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Atlantic Securities started coverage on PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. PepsiCo presently has an average rating of “Hold” and an average target price of $135.53.

PEP stock traded down $0.19 during mid-day trading on Friday, reaching $133.13. The company had a trading volume of 2,603,900 shares, compared to its average volume of 4,495,963. The company has a market capitalization of $186.87 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.48 and a beta of 0.56. PepsiCo, Inc. has a 52 week low of $105.03 and a 52 week high of $140.45. 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 stock has a 50 day simple moving average of $136.50 and a two-hundred day simple moving average of $132.56.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping 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 analyst estimates of $16.93 billion. During the same quarter in the previous year, the company posted $1.59 EPS. PepsiCo’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current year.

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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