Raymond James Trust N.A. Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Raymond James Trust N.A. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 105,805 shares of the company’s stock after buying an additional 2,090 shares during the period. Raymond James Trust N.A.’s holdings in PepsiCo were worth $14,664,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Red Door Wealth Management LLC grew its holdings in PepsiCo by 2.8% during the 3rd quarter. Red Door Wealth Management LLC now owns 6,080 shares of the company’s stock valued at $842,000 after buying an additional 164 shares during the last quarter. SL Advisors LLC grew its holdings in PepsiCo by 19.3% during the 3rd quarter. SL Advisors LLC now owns 3,095 shares of the company’s stock valued at $429,000 after buying an additional 501 shares during the last quarter. Aries Wealth Management grew its holdings in PepsiCo by 0.8% during the 3rd quarter. Aries Wealth Management now owns 15,050 shares of the company’s stock valued at $2,086,000 after buying an additional 115 shares during the last quarter. Schneider Downs Wealth Management Advisors LP grew its holdings in PepsiCo by 21.6% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,603 shares of the company’s stock valued at $361,000 after buying an additional 463 shares during the last quarter. Finally, Ridgewood Investments LLC grew its holdings in PepsiCo by 3.4% during the 3rd quarter. Ridgewood Investments LLC now owns 6,872 shares of the company’s stock valued at $952,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

Shares of PepsiCo stock opened at $141.73 on Friday. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $147.20. The stock has a market capitalization of $195.86 billion, a P/E ratio of 28.98, a PEG ratio of 4.53 and a beta of 0.56. 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 business’s fifty day moving average price is $137.07 and its 200 day moving average price is $134.07.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 1st. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.17. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The firm had revenue of $18.09 billion for the quarter, compared to analysts’ expectations of $17.24 billion. During the same quarter last year, the firm earned $1.56 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 5.34 EPS for the current year.

A number of brokerages have commented on PEP. SunTrust Banks increased their target price on PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Friday, September 18th. UBS Group raised their price objective on PepsiCo from $140.00 to $146.00 in a report on Friday, October 2nd. Morgan Stanley raised their price objective on PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. Finally, Jefferies Financial Group raised their price objective on PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $144.13.

PepsiCo Profile

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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