Houlihan Financial Resource Group Ltd. Makes New $585,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Houlihan Financial Resource Group Ltd. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, Holdings Channel reports. The firm bought 3,442 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its position in PepsiCo by 28.7% during the first quarter. Atomi Financial Group Inc. now owns 5,308 shares of the company’s stock worth $929,000 after purchasing an additional 1,183 shares during the period. Choate Investment Advisors boosted its holdings in shares of PepsiCo by 0.5% during the 1st quarter. Choate Investment Advisors now owns 143,929 shares of the company’s stock worth $25,189,000 after buying an additional 751 shares during the period. NorthRock Partners LLC grew its stake in PepsiCo by 17.6% in the 1st quarter. NorthRock Partners LLC now owns 13,928 shares of the company’s stock valued at $2,438,000 after buying an additional 2,083 shares during the last quarter. Meeder Asset Management Inc. lifted its position in PepsiCo by 7.1% during the first quarter. Meeder Asset Management Inc. now owns 3,483 shares of the company’s stock worth $610,000 after acquiring an additional 232 shares during the last quarter. Finally, Capital Square LLC bought a new stake in shares of PepsiCo during the first quarter worth approximately $206,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.7 %

Shares of PEP stock opened at $165.11 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $226.53 billion, a P/E ratio of 24.35, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock’s fifty day simple moving average is $172.19 and its 200 day simple moving average is $171.97.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results 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. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $183.92.

About PepsiCo

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.