PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Sageworth Trust Co

Sageworth Trust Co raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,007 shares of the company’s stock after acquiring an additional 378 shares during the quarter. Sageworth Trust Co’s holdings in PepsiCo were worth $681,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Valued Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. POM Investment Strategies LLC lifted its holdings in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at about $30,000. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo during the 2nd quarter valued at approximately $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2 %

Shares of PepsiCo stock traded down $0.37 during trading hours on Friday, reaching $171.79. 4,442,863 shares of the company’s stock were exchanged, compared to its average volume of 5,469,759. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The firm has a market capitalization of $236.17 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 3.25 and a beta of 0.53. The company has a fifty day moving average of $173.87 and a 200-day moving average of $172.23. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on PEP. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Bank of America cut their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. Finally, Wells Fargo & Company cut their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $183.92.

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.