Portside Wealth Group LLC Has $1.58 Million Stock Holdings in PepsiCo, Inc. $PEP

Portside Wealth Group LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,984 shares of the company’s stock after purchasing an additional 570 shares during the quarter. Portside Wealth Group LLC’s holdings in PepsiCo were worth $1,582,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after buying an additional 1,761,785 shares during the last quarter. Geode Capital Management LLC raised its position in shares of PepsiCo by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after acquiring an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after purchasing an additional 208,292 shares during the period. Finally, Invesco Ltd. raised its holdings in PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.4%

NASDAQ:PEP opened at $147.83 on Tuesday. The stock has a 50-day simple moving average of $145.07 and a 200 day simple moving average of $140.16. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $165.13. The company has a market cap of $202.13 billion, a PE ratio of 28.10, a PEG ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

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. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. The Goldman Sachs Group boosted their target price on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Company 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.