Avantax Advisory Services Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,853 shares of the company’s stock after buying an additional 147 shares during the period. Avantax Advisory Services Inc.’s holdings in PepsiCo were worth $3,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Rezny Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $12,868,000. PSI Advisors LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at about $25,000. Evolution Wealth Advisors LLC increased its holdings in shares of PepsiCo by 221.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after purchasing an additional 137 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in shares of PepsiCo in the fourth quarter valued at about $27,000. Finally, Permanens Capital L.P. increased its holdings in shares of PepsiCo by 511.4% in the fourth quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock valued at $37,000 after purchasing an additional 225 shares during the period. 71.76% of the stock is currently owned by institutional investors.
PEP has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on PepsiCo in a report on Wednesday, April 1st. They issued a “conviction-buy” rating on the stock. SunTrust Banks increased their price objective on PepsiCo from $115.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. DZ Bank reissued a “buy” rating and issued a $136.00 price objective on shares of PepsiCo in a report on Thursday, March 26th. Barclays reissued a “hold” rating and issued a $136.00 price objective on shares of PepsiCo in a report on Friday, April 17th. Finally, Credit Suisse Group upgraded PepsiCo from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $138.00 to $144.00 in a research note on Friday, March 27th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. PepsiCo has a consensus rating of “Buy” and a consensus target price of $141.21.
PEP stock traded down $0.05 during mid-day trading on Monday, reaching $130.09. 1,546,349 shares of the company’s stock were exchanged, compared to its average volume of 5,060,109. The company has a market cap of $180.57 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 4.31 and a beta of 0.60. The stock’s 50 day moving average is $126.43 and its 200 day moving average is $135.19. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.10 and a quick ratio of 0.94. PepsiCo, Inc. has a 12-month low of $101.42 and a 12-month high of $147.20.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.20 billion. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. PepsiCo’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 5.38 earnings per share for the current fiscal year.
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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