Tacita Capital Inc Has $421,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Tacita Capital Inc lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,478 shares of the company’s stock after purchasing an additional 356 shares during the quarter. Tacita Capital Inc’s holdings in PepsiCo were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. boosted its holdings in shares of PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock worth $228,000 after buying an additional 58 shares during the last quarter. Opes Wealth Management LLC increased its stake in shares of PepsiCo by 2.2% in the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company’s stock worth $453,000 after purchasing an additional 59 shares in the last quarter. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares during the period. Bank of Stockton grew its holdings in PepsiCo by 2.3% during the second quarter. Bank of Stockton now owns 2,716 shares of the company’s stock valued at $448,000 after purchasing an additional 60 shares during the period. Finally, Oxbow Advisors LLC lifted its position in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company’s stock valued at $1,481,000 after buying an additional 60 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research note on Friday, September 20th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Barclays lowered their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price target 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 equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ PEP traded down $0.39 during mid-day trading on Monday, reaching $164.72. The company had a trading volume of 671,584 shares, compared to its average volume of 5,440,610. The business’s 50-day moving average is $172.19 and its 200-day moving average is $171.94. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $225.99 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41.

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

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.