Savant Capital LLC Has $16.86 Million Stock Position in PepsiCo, Inc. $PEP

Savant Capital LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 27.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,715 shares of the company’s stock after purchasing an additional 27,721 shares during the period. Savant Capital LLC’s holdings in PepsiCo were worth $16,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Excalibur Management Corp lifted its stake in PepsiCo by 6.5% in the second quarter. Excalibur Management Corp now owns 17,564 shares of the company’s stock valued at $2,319,000 after buying an additional 1,066 shares during the period. OneAscent Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $672,000. Middleton & Co. Inc. MA raised its position in shares of PepsiCo by 5.0% in the 2nd quarter. Middleton & Co. Inc. MA now owns 30,318 shares of the company’s stock valued at $4,003,000 after acquiring an additional 1,430 shares during the period. Soltis Investment Advisors LLC boosted its stake in PepsiCo by 12.6% during the 2nd quarter. Soltis Investment Advisors LLC now owns 6,128 shares of the company’s stock worth $809,000 after acquiring an additional 684 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in PepsiCo by 3.6% during the second quarter. Golden State Wealth Management LLC now owns 3,507 shares of the company’s stock valued at $463,000 after purchasing an additional 121 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PEP. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Barclays lifted their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. BNP Paribas Exane lowered their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

Shares of PEP opened at $142.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $166.88. The stock has a market capitalization of $195.46 billion, a P/E ratio of 27.18, a P/E/G ratio of 3.56 and a beta of 0.45. The company has a 50 day moving average of $145.31 and a 200-day moving average of $139.75.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.