5,031 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,031 shares of the company’s stock, valued at approximately $856,000.

Several other large investors have also modified their holdings of the company. Empowered Funds LLC boosted its holdings in PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after purchasing an additional 8,406 shares during the period. M&G Plc boosted its holdings in PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in PepsiCo by 3.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after purchasing an additional 4,547 shares during the period. Fiduciary Family Office LLC boosted its holdings in PepsiCo by 119.6% in the 3rd quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,727 shares during the period. Finally, Empower Advisory Group LLC boosted its holdings in PepsiCo by 4.6% in the 3rd quarter. Empower Advisory Group LLC now owns 378,902 shares of the company’s stock valued at $64,432,000 after purchasing an additional 16,523 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of analyst reports. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Bank of America dropped their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Down 0.2 %

Shares of NASDAQ PEP opened at $158.33 on Tuesday. The firm has a market capitalization of $217.23 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $157.76 and a 1 year high of $183.41. The firm’s 50-day moving average is $170.42 and its 200-day moving average is $171.38.

PepsiCo (NASDAQ:PEP) last issued its 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 company had revenue of $23.32 billion for the quarter, compared to analyst estimates 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 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

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.