Quinn Opportunity Partners LLC Makes New $9.38 Million Investment in PepsiCo, Inc. $PEP

Quinn Opportunity Partners LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 71,045 shares of the company’s stock, valued at approximately $9,381,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter worth $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in PepsiCo in the 2nd quarter valued at $45,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $145.08 on Wednesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $166.88. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $198.37 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The business has a fifty day moving average of $145.08 and a two-hundred day moving average of $139.84.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Evercore ISI upped their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo 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.