PepsiCo, Inc. $PEP Shares Newly Acquired by First Nebraska Trust Co

First Nebraska Trust Co bought a new position in PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, Holdings Channel.com reports. The fund bought 71,701 shares of the company’s stock, valued at approximately $9,086,000. PepsiCo comprises approximately 0.7% of First Nebraska Trust Co’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors have also modified their holdings of the company. Wilkerson Advisory Group LLC grew its stake in PepsiCo by 3.3% in the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after purchasing an additional 66 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in PepsiCo by 0.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock worth $3,866,000 after purchasing an additional 69 shares during the period. Cohen Investment Advisors LLC raised its position in PepsiCo by 1.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 3,770 shares of the company’s stock valued at $585,000 after purchasing an additional 71 shares in the last quarter. Bogart Wealth LLC raised its position in PepsiCo by 2.1% during the 1st quarter. Bogart Wealth LLC now owns 3,526 shares of the company’s stock valued at $548,000 after purchasing an additional 72 shares in the last quarter. Finally, Centerpoint Advisors LLC raised its position in PepsiCo by 4.1% during the 2nd quarter. Centerpoint Advisors LLC now owns 1,918 shares of the company’s stock valued at $260,000 after purchasing an additional 75 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 2.2%

Shares of PepsiCo stock opened at $137.27 on Wednesday. The firm’s 50 day moving average price is $133.28 and its 200-day moving average price is $145.82. 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, Inc. has a 52-week low of $123.47 and a 52-week high of $171.48. The company has a market cap of $187.06 billion, a P/E ratio of 17.24, a PEG ratio of 4.19 and a beta of 0.31.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $24.95 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. PepsiCo’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEP. Royal Bank Of Canada lowered their target price on PepsiCo from $161.00 to $150.00 and set a “sector perform” rating for the company in a report on Tuesday, October 6th. TD Cowen cut their price target on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Morgan Stanley set a $145.00 price objective on PepsiCo in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $132.00 price objective on shares of PepsiCo in a research note on Friday, October 9th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $143.28.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo renewed and expanded its long-term beverage partnership with Taco Bell, retaining exclusive beverage rights and broadening distribution of products including Mountain Dew Baja Blast. Plans for new functional and energy drinks could create additional opportunities across the partnership. What Is PepsiCo (PEP) Gaining From Its Expanded Beverage Partnership?
• Positive Sentiment: PepsiCo ranked 10th on a hedge-fund-based list of undervalued dividend-growth stocks, with 68 tracked funds holding bullish positions. This supports the view that some investors see value and income potential, though it is not a near-term business catalyst. PepsiCo Remains a Popular Choice for Dividend Investors
• Neutral Sentiment: Coverage of PepsiCo’s functional-food strategy signals a focus on growth beyond traditional snacks and beverages, but the article information provided does not specify initiatives or expected financial impact. Inside PepsiCo’s functional food strategy
• Neutral Sentiment: Costco has brought back a rare PepsiCo seasonal soda that fans reportedly stockpile. The return may support interest in the product, but the article details provided do not indicate a material sales impact. Costco just brought back the rare PepsiCo seasonal soda fans stockpile for emergencies
• Negative Sentiment: A comparison article focuses on Coca-Cola’s stock having outpaced PepsiCo, highlighting relative performance weakness that could weigh on investor sentiment toward PEP. How Did Coca-Cola Stock Leave PepsiCo Behind?

Insider Buying and Selling at PepsiCo

In other news, CEO Ramon Laguarta sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the transaction, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at approximately $66,435,988.85. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Pohlad acquired 184,646 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the acquisition, the director owned 433,009 shares in the company, valued at approximately $55,546,394.52. The trade was a 74.35% increase in their position. The SEC filing for this purchase provides additional information. 0.12% of the stock is currently owned by insiders.

PepsiCo Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.