ROI Financial Advisors LLC Buys 306 Shares of PepsiCo, Inc. (NASDAQ:PEP)

ROI Financial Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 22.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,655 shares of the company’s stock after purchasing an additional 306 shares during the quarter. ROI Financial Advisors LLC’s holdings in PepsiCo were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% during the third 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. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $28,000. POM Investment Strategies LLC raised its holdings in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at $30,000. Finally, Mattson Financial Services LLC acquired a new stake in PepsiCo during the 2nd quarter worth $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $164.74 on Thursday. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock has a market cap of $226.02 billion, a P/E ratio of 24.30, a P/E/G ratio of 3.06 and a beta of 0.53. The company’s 50-day moving average price is $171.75 and its two-hundred day moving average price is $171.77. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.25 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PEP shares. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

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.