Moser Wealth Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4,823.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,416 shares of the company’s stock after acquiring an additional 5,306 shares during the period. Moser Wealth Advisors LLC’s holdings in PepsiCo were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new stake in PepsiCo in the second quarter worth about $26,000. Evolution Wealth Advisors LLC raised its position in PepsiCo by 342.2% in the second quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares during the period. RPG Investment Advisory LLC increased its stake in shares of PepsiCo by 191.0% in the second quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock worth $38,000 after purchasing an additional 191 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of PepsiCo in the second quarter worth $40,000. Finally, Ellevest Inc. increased its stake in shares of PepsiCo by 144.7% in the second quarter. Ellevest Inc. now owns 367 shares of the company’s stock worth $49,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

PepsiCo stock traded up $1.14 during midday trading on Tuesday, reaching $139.20. The company’s stock had a trading volume of 96,889 shares, compared to its average volume of 5,348,084. PepsiCo, Inc. has a fifty-two week low of $101.42 and a fifty-two week high of $147.20. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The stock’s 50 day simple moving average is $137.17 and its 200 day simple moving average is $134.92. The firm has a market capitalization of $190.79 billion, a PE ratio of 27.56, a P/E/G ratio of 3.90 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 1st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.17. The business had revenue of $18.09 billion during the quarter, compared to the consensus estimate of $17.24 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.56 EPS. Equities analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. SunTrust Banks raised their target price on shares of PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Truist raised their target price on shares of PepsiCo from $130.00 to $135.00 in a report on Friday, October 2nd. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Friday, September 18th. Morgan Stanley lifted their price objective on shares of PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $148.00 to $169.00 in a report on Monday, October 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. PepsiCo has an average rating of “Buy” and an average price target of $144.13.

PepsiCo 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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