BOK Financial Private Wealth Inc. Has $1.87 Million Stock Position in PepsiCo, Inc. $PEP

BOK Financial Private Wealth Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,123 shares of the company’s stock after selling 2,069 shares during the period. BOK Financial Private Wealth Inc.’s holdings in PepsiCo were worth $1,865,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JSF Financial LLC lifted its holdings in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after acquiring an additional 69 shares during the period. Dogwood Wealth Management LLC grew its holdings in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC lifted its holdings in PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC boosted its position in PepsiCo by 1.6% in the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0%

NASDAQ PEP opened at $142.95 on Monday. The stock has a market capitalization of $195.46 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $166.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a fifty day moving average of $145.31 and a 200-day moving average of $139.71.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on PEP shares. Evercore ISI lifted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. The Goldman Sachs Group raised their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Piper Sandler increased their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $156.95.

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.