Baystate Wealth Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,195 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Baystate Wealth Management LLC’s holdings in PepsiCo were worth $859,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. B. Riley Wealth Management Inc. increased its holdings in shares of PepsiCo by 3.8% during the second quarter. B. Riley Wealth Management Inc. now owns 42,381 shares of the company’s stock worth $5,605,000 after buying an additional 1,562 shares in the last quarter. Chemung Canal Trust Co. boosted its holdings in shares of PepsiCo by 0.3% during the 3rd quarter. Chemung Canal Trust Co. now owns 78,144 shares of the company’s stock valued at $10,831,000 after acquiring an additional 235 shares in the last quarter. Loomis Sayles & Co. L P grew its position in PepsiCo by 170.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 6,086 shares of the company’s stock worth $731,000 after acquiring an additional 3,833 shares during the last quarter. TIAA FSB increased its holdings in PepsiCo by 0.8% in the 3rd quarter. TIAA FSB now owns 321,206 shares of the company’s stock worth $44,519,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Private Trust Co. NA raised its position in PepsiCo by 5.1% in the second quarter. Private Trust Co. NA now owns 49,153 shares of the company’s stock valued at $6,552,000 after purchasing an additional 2,364 shares during the last quarter. 70.16% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on PEP. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $148.00 to $169.00 in a research note on Monday, October 12th. UBS Group raised their price target on shares of PepsiCo from $140.00 to $146.00 in a research note on Friday, October 2nd. BidaskClub lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, October 9th. SunTrust Banks increased their price objective on PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley lifted their target price on PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. PepsiCo presently has an average rating of “Buy” and a consensus price target of $144.13.

PEP stock opened at $141.73 on Friday. The firm has a market cap of $195.86 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 4.53 and a beta of 0.56. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 3.05. The stock has a 50-day moving average price of $137.07 and a 200-day moving average price of $134.07. PepsiCo, Inc. has a 1-year low of $101.42 and a 1-year high of $147.20.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 1st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.49 by $0.17. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The business had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 5.34 earnings per share for the current year.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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