Kavar Capital Partners Group LLC Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Kavar Capital Partners Group LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,026 shares of the company’s stock after purchasing an additional 570 shares during the period. Kavar Capital Partners Group LLC’s holdings in PepsiCo were worth $4,256,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of PepsiCo by 0.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,113 shares of the company’s stock worth $2,470,000 after buying an additional 128 shares during the period. Vicus Capital raised its stake in PepsiCo by 28.9% in the 1st quarter. Vicus Capital now owns 3,576 shares of the company’s stock valued at $626,000 after purchasing an additional 802 shares during the last quarter. CRA Financial Services LLC raised its stake in PepsiCo by 4.8% in the 1st quarter. CRA Financial Services LLC now owns 8,154 shares of the company’s stock valued at $1,427,000 after purchasing an additional 372 shares during the last quarter. Brown Miller Wealth Management LLC raised its stake in PepsiCo by 25.7% in the 1st quarter. Brown Miller Wealth Management LLC now owns 6,865 shares of the company’s stock valued at $1,201,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new position in PepsiCo in the 1st quarter valued at $340,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $171.79 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market capitalization of $236.17 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.25 and a beta of 0.53. The business’s 50-day moving average is $173.86 and its two-hundred day moving average is $172.26. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share 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 business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the company earned $2.25 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PEP. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Morgan Stanley cut 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. Royal Bank of Canada dropped their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $183.92.

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.