Sunflower Bank NA Wealth Management Buys 225 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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Sunflower Bank NA Wealth Management lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,340 shares of the company’s stock after acquiring an additional 225 shares during the period. Sunflower Bank NA Wealth Management’s holdings in PepsiCo were worth $741,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Horst & Graben Wealth Management LLC lifted its stake in PepsiCo by 1.1% during the third quarter. Horst & Graben Wealth Management LLC now owns 6,305 shares of the company’s stock worth $874,000 after purchasing an additional 71 shares during the last quarter. Connecticut Wealth Management LLC boosted its stake in PepsiCo by 2.3% in the third quarter. Connecticut Wealth Management LLC now owns 3,220 shares of the company’s stock worth $446,000 after buying an additional 73 shares in the last quarter. Centric Wealth Management boosted its stake in PepsiCo by 4.7% in the third quarter. Centric Wealth Management now owns 1,720 shares of the company’s stock worth $230,000 after buying an additional 77 shares in the last quarter. Cottage Street Advisors LLC grew its position in PepsiCo by 0.4% during the second quarter. Cottage Street Advisors LLC now owns 19,141 shares of the company’s stock valued at $2,532,000 after acquiring an additional 78 shares during the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of PepsiCo by 1.3% during the second quarter. Strategy Asset Managers LLC now owns 5,875 shares of the company’s stock worth $777,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 70.16% of the company’s stock.

Several equities analysts recently commented on PEP shares. Morgan Stanley increased their target price on shares of PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. UBS Group raised their price objective on PepsiCo from $140.00 to $146.00 in a research note on Friday, October 2nd. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Friday, October 9th. Jefferies Financial Group raised their price target on PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Friday, September 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. PepsiCo presently has an average rating of “Buy” and a consensus price target of $144.13.

NASDAQ:PEP traded down $0.05 during trading hours on Friday, hitting $139.56. The company had a trading volume of 2,758,507 shares, compared to its average volume of 4,751,433. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The stock has a 50-day moving average price of $137.13 and a 200 day moving average price of $134.72. The company has a market capitalization of $192.87 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 3.90 and a beta of 0.57. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 1st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.17. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The firm had revenue of $18.09 billion for the quarter, compared to analyst estimates of $17.24 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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