Red Door Wealth Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,080 shares of the company’s stock after purchasing an additional 164 shares during the period. Red Door Wealth Management LLC’s holdings in PepsiCo were worth $842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SL Advisors LLC increased its stake in PepsiCo by 19.3% during the 3rd quarter. SL Advisors LLC now owns 3,095 shares of the company’s stock worth $429,000 after buying an additional 501 shares in the last quarter. Aries Wealth Management lifted its position in shares of PepsiCo by 0.8% in the third quarter. Aries Wealth Management now owns 15,050 shares of the company’s stock valued at $2,086,000 after acquiring an additional 115 shares in the last quarter. Schneider Downs Wealth Management Advisors LP boosted its stake in shares of PepsiCo by 21.6% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 2,603 shares of the company’s stock worth $361,000 after acquiring an additional 463 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of PepsiCo by 3.4% during the third quarter. Ridgewood Investments LLC now owns 6,872 shares of the company’s stock worth $952,000 after purchasing an additional 223 shares in the last quarter. Finally, TRH Financial LLC raised its stake in PepsiCo by 16.6% in the 3rd quarter. TRH Financial LLC now owns 20,725 shares of the company’s stock valued at $2,872,000 after purchasing an additional 2,957 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

Shares of PepsiCo 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 quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 3.05. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20. The business’s fifty day simple moving average is $137.07 and its 200-day simple moving average is $134.07.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 1st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.17. The firm had revenue of $18.09 billion for the quarter, compared to analyst estimates of $17.24 billion. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. PepsiCo’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 5.34 earnings per share for the current year.

Several equities research analysts have issued reports on PEP shares. Truist lifted their target price on shares of PepsiCo from $130.00 to $135.00 in a research note on Friday, October 2nd. UBS Group upped their price objective on shares of PepsiCo from $140.00 to $146.00 in a research note on Friday, October 2nd. Jefferies Financial Group raised their target price on shares of PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Friday, September 18th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $148.00 to $169.00 in a research report on Monday, October 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $144.13.

PepsiCo Company 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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