American Capital Advisory LLC Purchases 2,551 Shares of PepsiCo, Inc. (NASDAQ:PEP)

American Capital Advisory LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 126.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,576 shares of the company’s stock after acquiring an additional 2,551 shares during the quarter. American Capital Advisory LLC’s holdings in PepsiCo were worth $778,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates raised its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $28,000. POM Investment Strategies LLC grew its position in 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 period. Summit Securities Group LLC acquired a new position in PepsiCo during the second quarter worth $30,000. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo in the second quarter valued at $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PEP. Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Down 1.8 %

Shares of NASDAQ:PEP traded down $3.00 on Wednesday, reaching $164.85. 1,144,411 shares of the company traded hands, compared to its average volume of 5,437,147. 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, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The business’s 50-day simple moving average is $172.69 and its 200 day simple moving average is $172.16. The stock has a market capitalization of $226.17 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 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.