Walkner Condon Financial Advisors LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Walkner Condon Financial Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 77.6% during the 3rd quarter, Holdings Channel reports. The firm owned 3,118 shares of the company’s stock after buying an additional 1,362 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in PepsiCo were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Advisory Alpha LLC raised its holdings in shares of PepsiCo by 5.8% during the first quarter. Advisory Alpha LLC now owns 6,914 shares of the company’s stock worth $1,210,000 after purchasing an additional 381 shares during the last quarter. OLD Second National Bank of Aurora raised its stake in shares of PepsiCo by 32.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock valued at $4,079,000 after buying an additional 5,737 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of PepsiCo by 3.4% in the first quarter. Empirical Finance LLC now owns 49,761 shares of the company’s stock worth $8,709,000 after buying an additional 1,648 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in PepsiCo by 25.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 137,773 shares of the company’s stock worth $24,112,000 after acquiring an additional 27,901 shares during the period. Finally, Stokes Family Office LLC raised its position in PepsiCo by 0.3% during the first quarter. Stokes Family Office LLC now owns 32,262 shares of the company’s stock valued at $5,646,000 after acquiring an additional 85 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $164.71 on Thursday. The company has a fifty day simple moving average of $172.50 and a 200-day simple moving average of $172.11. The firm has a market capitalization of $225.98 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 3.10 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the prior year, the company earned $2.25 EPS. PepsiCo’s revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays dropped their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.92.

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.