Whitener Capital Management Inc. Acquires 1,286 Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

Whitener Capital Management Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 3.2% in the third quarter, Holdings Channel.com reports. The fund owned 41,942 shares of the company’s stock after buying an additional 1,286 shares during the quarter. PepsiCo comprises 2.0% of Whitener Capital Management Inc.’s holdings, making the stock its 12th largest holding. Whitener Capital Management Inc.’s holdings in PepsiCo were worth $7,132,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. M&G Plc boosted its stake in PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after acquiring an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of PepsiCo by 32.7% during the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after purchasing an additional 5,737 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of PepsiCo by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock valued at $63,853,000 after buying an additional 2,976 shares in the last quarter. Viking Fund Management LLC raised its stake in PepsiCo by 8.2% during the 3rd quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock worth $11,223,000 after buying an additional 5,000 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in PepsiCo by 50.0% during the second quarter. GAMMA Investing LLC now owns 20,448 shares of the company’s stock worth $3,372,000 after acquiring an additional 6,813 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

NASDAQ PEP opened at $165.59 on Friday. The company has a market cap of $227.19 billion, a PE ratio of 24.42, a PEG ratio of 3.09 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The stock has a 50 day moving average of $173.03 and a 200-day moving average of $172.23. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research report on Friday, July 19th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $183.92.

View Our Latest Analysis on PEP

PepsiCo Profile

(Free Report)

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.

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