Midwest Trust Co Takes $49.64 Million Position in PepsiCo, Inc. $PEP

Midwest Trust Co acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 375,929 shares of the company’s stock, valued at approximately $49,638,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Lane & Associates LLC increased its holdings in shares of PepsiCo by 5.8% during the first quarter. Lane & Associates LLC now owns 2,221 shares of the company’s stock worth $333,000 after buying an additional 122 shares in the last quarter. IFC Advisors LLC lifted its stake in shares of PepsiCo by 2.9% in the 1st quarter. IFC Advisors LLC now owns 8,770 shares of the company’s stock valued at $1,315,000 after acquiring an additional 249 shares during the last quarter. PYA Waltman Capital LLC boosted its holdings in shares of PepsiCo by 7.6% during the 1st quarter. PYA Waltman Capital LLC now owns 18,220 shares of the company’s stock valued at $2,732,000 after acquiring an additional 1,283 shares in the last quarter. Finally, SkyOak Wealth LLC grew its position in PepsiCo by 5.2% during the 1st quarter. SkyOak Wealth LLC now owns 6,107 shares of the company’s stock worth $916,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0%

PepsiCo stock opened at $142.95 on Friday. The firm has a market cap of $195.46 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $166.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a 50 day moving average price of $145.31 and a two-hundred day moving average price of $139.73.

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

Analyst Ratings Changes

PEP has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Evercore ISI lifted their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Jefferies Financial Group upped their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.