Bogart Wealth LLC Has $11.07 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Bogart Wealth LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,120 shares of the company’s stock after purchasing an additional 6,111 shares during the quarter. Bogart Wealth LLC’s holdings in PepsiCo were worth $11,074,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. POM Investment Strategies LLC grew its stake in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in PepsiCo in the second quarter valued at about $30,000. Finally, Mattson Financial Services LLC acquired a new position in PepsiCo in the second quarter valued at about $34,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on PEP shares. Wells Fargo & Company lowered their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Bank of America decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, 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 report on Friday, July 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Performance

PEP opened at $172.16 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The business’s 50-day simple moving average is $173.88 and its 200 day simple moving average is $172.23. The firm has a market capitalization of $236.68 billion, a PE ratio of 24.99, a PEG ratio of 3.25 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

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.