PepsiCo, Inc. $PEP Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 678,436 shares of the company’s stock after buying an additional 37,512 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in PepsiCo were worth $89,581,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC boosted its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Investment Research & Advisory Group Inc. grew its position in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.6%

Shares of PEP opened at $145.85 on Friday. The stock has a market cap of $199.43 billion, a PE ratio of 27.73, a P/E/G ratio of 3.56 and a beta of 0.45. The stock’s 50-day moving average is $144.95 and its two-hundred day moving average is $140.03. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $165.13.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PEP shares. BNP Paribas Exane lowered their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company boosted their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Evercore ISI boosted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Piper Sandler raised their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $156.95.

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.