Tobam Increases Stock Holdings in PepsiCo, Inc. $PEP

Tobam raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,969 shares of the company’s stock after acquiring an additional 590 shares during the period. Tobam’s holdings in PepsiCo were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Claris Advisors LLC MO increased its holdings in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. grew its position in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after acquiring an additional 229 shares during the period. Ignite Planners LLC raised its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares during the period. Merit Financial Group LLC lifted its stake in PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after buying an additional 620 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.7%

PepsiCo stock opened at $145.08 on Wednesday. The stock has a market cap of $198.37 billion, a P/E ratio of 27.58, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $166.88. The firm’s fifty day moving average price is $145.08 and its 200-day moving average price is $139.84. 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 announced its 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. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Piper Sandler boosted their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Bank of America lifted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Finally, HSBC increased their target price on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.