PepsiCo, Inc. $PEP Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 21.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,347 shares of the company’s stock after purchasing an additional 52,738 shares during the quarter. Kestra Advisory Services LLC’s holdings in PepsiCo were worth $37,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. REAP Financial Group LLC lifted its position in shares of PepsiCo by 10.1% during the 3rd quarter. REAP Financial Group LLC now owns 1,852 shares of the company’s stock valued at $235,000 after acquiring an additional 170 shares during the period. Genesis Private Wealth LLC grew its holdings in PepsiCo by 17.2% in the third quarter. Genesis Private Wealth LLC now owns 3,174 shares of the company’s stock worth $402,000 after purchasing an additional 466 shares during the period. Paulson Wealth Management Inc. grew its holdings in PepsiCo by 25.1% in the third quarter. Paulson Wealth Management Inc. now owns 3,052 shares of the company’s stock worth $387,000 after purchasing an additional 613 shares during the period. StrongBox Wealth LLC increased its stake in PepsiCo by 18.1% in the third quarter. StrongBox Wealth LLC now owns 10,343 shares of the company’s stock valued at $1,311,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Platform Technology Partners increased its stake in PepsiCo by 12.4% in the third quarter. Platform Technology Partners now owns 23,722 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,613 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PEP shares. Wells Fargo & Company cut their price objective on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, October 9th. Freedom Broker raised PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Piper Sandler cut their price target on PepsiCo from $176.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Finally, UBS Group reduced their price objective on PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $143.28.

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More PepsiCo News

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Insider Transactions at PepsiCo

In related news, Director Robert C. Pohlad bought 184,646 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were bought at an average price of $128.28 per share, for a total transaction of $23,686,388.88. Following the completion of the acquisition, the director directly owned 433,009 shares of the company’s stock, valued at $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ramon Laguarta sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total value of $4,053,900.00. Following the completion of the transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. This represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Down 1.0%

PEP traded down $1.37 during trading on Friday, hitting $141.34. 8,708,176 shares of the company’s stock were exchanged, compared to its average volume of 10,537,633. PepsiCo, Inc. has a fifty-two week low of $123.47 and a fifty-two week high of $171.48. The stock has a market cap of $192.61 billion, a P/E ratio of 17.76, a PEG ratio of 4.19 and a beta of 0.31. The business’s 50 day moving average is $133.33 and its two-hundred day moving average is $145.75. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The company had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

PepsiCo Profile

(Free Report)

PepsiCo, Inc is a global food and beverage company that develops, manufactures, markets and distributes a broad range of products. Its portfolio includes snacks such as Lay’s, Doritos and Cheetos, as well as beverages including Pepsi, Gatorade and Mountain Dew.

The company was formed in 1965 through the merger of Pepsi-Cola and Frito-Lay. Its products are sold in more than 200 countries and territories through retail, food-service and other distribution channels.

PepsiCo is headquartered in Purchase, New York.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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