Comprehensive Financial Consultants Institutional Inc. Buys 115 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Comprehensive Financial Consultants Institutional Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 8,646 shares of the company’s stock after acquiring an additional 115 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in PepsiCo were worth $1,470,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of PepsiCo by 12.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,598 shares of the company’s stock valued at $3,080,000 after purchasing an additional 2,000 shares in the last quarter. PFG Advisors increased its holdings in shares of PepsiCo by 50.7% in the 1st quarter. PFG Advisors now owns 7,596 shares of the company’s stock worth $1,329,000 after buying an additional 2,556 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of PepsiCo by 18.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 63,684 shares of the company’s stock valued at $11,145,000 after buying an additional 9,776 shares in the last quarter. Nelson Capital Management LLC bought a new position in shares of PepsiCo in the 1st quarter valued at about $542,000. Finally, Sustainable Insight Capital Management LLC purchased a new position in PepsiCo in the first quarter worth about $595,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $164.00 on Friday. The firm’s 50 day simple moving average is $172.50 and its 200-day simple moving average is $172.11. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The firm has a market cap of $225.01 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the business posted $2.25 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Royal Bank of Canada lowered their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Bank of America cut their price objective 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. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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. One investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo 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.