Dubuque Bank & Trust Co. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 106.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,702 shares of the company’s stock after buying an additional 18,917 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in PepsiCo were worth $5,032,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Personal Wealth Partners acquired a new position in shares of PepsiCo in the 2nd quarter valued at $25,000. Krane Funds Advisors LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $27,000. Financial Advantage Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $28,000. Finally, Mackey Komara & Dankovich LLC lifted its stake in shares of PepsiCo by 199.0% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares during the period. 71.46% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on PEP shares. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the company a “hold” rating in a research report on Thursday, September 26th. Citigroup upped their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a research report on Thursday, October 3rd. Credit Suisse Group upped their price objective on shares of PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research report on Friday, October 4th. Finally, SunTrust Banks restated a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus price target of $135.53.
PEP stock traded up $0.06 during trading hours on Thursday, reaching $137.91. 223,776 shares of the stock were exchanged, compared to its average volume of 4,475,189. The firm’s 50-day moving average is $135.77 and its 200-day moving average is $130.48. The company has a market cap of $192.91 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.60 and a beta of 0.56. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $140.45.
PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current year.
In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
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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