Rossmore Private Capital Has $4.98 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Rossmore Private Capital increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,285 shares of the company’s stock after acquiring an additional 561 shares during the period. Rossmore Private Capital’s holdings in PepsiCo were worth $4,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. TBH Global Asset Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter worth about $317,000. Kingsview Wealth Management LLC raised its stake in PepsiCo by 10.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 106,271 shares of the company’s stock valued at $18,599,000 after acquiring an additional 10,201 shares during the period. Wilkins Investment Counsel Inc. boosted its holdings in PepsiCo by 45.8% in the 1st quarter. Wilkins Investment Counsel Inc. now owns 86,612 shares of the company’s stock worth $15,158,000 after buying an additional 27,223 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of PepsiCo by 8.2% in the first quarter. Orion Portfolio Solutions LLC now owns 113,105 shares of the company’s stock valued at $19,794,000 after purchasing an additional 8,612 shares in the last quarter. Finally, Private Portfolio Partners LLC increased its position in shares of PepsiCo by 5.4% during the first quarter. Private Portfolio Partners LLC now owns 3,551 shares of the company’s stock valued at $621,000 after buying an additional 182 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $164.34 on Wednesday. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a fifty day moving average of $172.02 and a two-hundred day moving average of $171.85. The stock has a market capitalization of $225.47 billion, a PE ratio of 24.24, a P/E/G ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEP shares. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Bank of America reduced their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $183.92.

About PepsiCo

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.