Midland Wealth Advisors LLC Sells 826 Shares of PepsiCo, Inc. $PEP

Midland Wealth Advisors LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,828 shares of the company’s stock after selling 826 shares during the period. Midland Wealth Advisors LLC’s holdings in PepsiCo were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

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

PepsiCo Trading Up 1.0%

NASDAQ PEP opened at $142.95 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The business has a fifty day simple moving average of $145.31 and a 200 day simple moving average of $139.71. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $166.88. The firm has a market capitalization of $195.46 billion, a P/E ratio of 27.18, a PEG ratio of 3.56 and a beta of 0.45.

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

Analyst Ratings Changes

PEP has been the topic of several research reports. Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. HSBC increased their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada decreased their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Finally, DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average 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.