Aries Wealth Management grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,050 shares of the company’s stock after acquiring an additional 115 shares during the period. PepsiCo accounts for 1.2% of Aries Wealth Management’s holdings, making the stock its 22nd largest position. Aries Wealth Management’s holdings in PepsiCo were worth $2,086,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. B. Riley Wealth Management Inc. lifted its holdings in shares of PepsiCo by 3.8% during the second quarter. B. Riley Wealth Management Inc. now owns 42,381 shares of the company’s stock worth $5,605,000 after buying an additional 1,562 shares in the last quarter. Chemung Canal Trust Co. grew its stake in shares of PepsiCo by 0.3% in the third quarter. Chemung Canal Trust Co. now owns 78,144 shares of the company’s stock valued at $10,831,000 after acquiring an additional 235 shares in the last quarter. Loomis Sayles & Co. L P increased its position in PepsiCo by 170.1% during the first quarter. Loomis Sayles & Co. L P now owns 6,086 shares of the company’s stock worth $731,000 after acquiring an additional 3,833 shares during the period. TIAA FSB raised its stake in PepsiCo by 0.8% in the 3rd quarter. TIAA FSB now owns 321,206 shares of the company’s stock worth $44,519,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in PepsiCo by 5.1% in the 2nd quarter. Private Trust Co. NA now owns 49,153 shares of the company’s stock valued at $6,552,000 after purchasing an additional 2,364 shares during the period. Institutional investors own 70.16% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, October 9th. SunTrust Banks increased their target price on PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Jefferies Financial Group boosted their price target on PepsiCo from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Finally, Truist increased their price objective on shares of PepsiCo from $130.00 to $135.00 in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $144.13.
PEP stock opened at $141.73 on Friday. The firm has a 50-day moving average price of $137.07 and a 200-day moving average price of $134.07. PepsiCo, Inc. has a 12 month low of $101.42 and a 12 month high of $147.20. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $195.86 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 4.53 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 1st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.17. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The business had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. During the same period in the prior year, the company earned $1.56 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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