Dearborn Partners LLC Buys 208 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Dearborn Partners LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the third quarter, Holdings Channel reports. The firm owned 78,291 shares of the company’s stock after acquiring an additional 208 shares during the quarter. Dearborn Partners LLC’s holdings in PepsiCo were worth $13,313,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Trillium Asset Management LLC raised its position in shares of PepsiCo by 5.5% in the first quarter. Trillium Asset Management LLC now owns 3,370 shares of the company’s stock valued at $590,000 after purchasing an additional 177 shares during the period. M&G Plc bought a new position in PepsiCo in the first quarter valued at approximately $72,020,000. Mizuho Markets Americas LLC grew its position in PepsiCo by 114.1% in the first quarter. Mizuho Markets Americas LLC now owns 60,479 shares of the company’s stock valued at $10,584,000 after acquiring an additional 32,236 shares during the last quarter. Councilmark Asset Management LLC acquired a new position in PepsiCo during the 1st quarter worth approximately $754,000. Finally, Nicolet Advisory Services LLC increased its holdings in shares of PepsiCo by 1.1% during the first quarter. Nicolet Advisory Services LLC now owns 40,851 shares of the company’s stock worth $6,970,000 after buying an additional 428 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research reports. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $190.00 to $183.00 in a research report 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 research note on Friday, September 20th. Finally, Royal Bank of Canada dropped their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ PEP opened at $165.15 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 company has a 50-day moving average price of $171.48 and a 200-day moving average price of $171.72. The stock has a market capitalization of $226.58 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal 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.