Bailard Inc. Raises Holdings in PepsiCo, Inc. $PEP

Bailard Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 78,618 shares of the company’s stock after acquiring an additional 4,742 shares during the period. Bailard Inc.’s holdings in PepsiCo were worth $10,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter valued at $25,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC boosted its stake in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $45,000. Finally, Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $145.08 on Wednesday. The company has a market cap of $198.37 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average price of $145.08 and a two-hundred day moving average price of $139.84. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $166.88.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Finally, Citigroup dropped their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.