Brighton Jones LLC Has $8.98 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 90.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,818 shares of the company’s stock after purchasing an additional 25,012 shares during the quarter. Brighton Jones LLC’s holdings in PepsiCo were worth $8,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tanager Wealth Management LLP bought a new position in shares of PepsiCo in the 3rd quarter valued at approximately $321,000. International Assets Investment Management LLC raised its position in shares of PepsiCo by 17,113.0% in the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock valued at $547,626,000 after purchasing an additional 3,201,676 shares during the period. Capital Investment Counsel Inc lifted its stake in shares of PepsiCo by 5.5% in the third quarter. Capital Investment Counsel Inc now owns 4,402 shares of the company’s stock worth $749,000 after buying an additional 230 shares during the last quarter. McAdam LLC boosted its holdings in shares of PepsiCo by 21.0% during the 3rd quarter. McAdam LLC now owns 2,061 shares of the company’s stock worth $351,000 after buying an additional 357 shares during the period. Finally, Fulcrum Capital LLC grew its stake in PepsiCo by 0.4% in the 3rd quarter. Fulcrum Capital LLC now owns 49,465 shares of the company’s stock valued at $8,412,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Jefferies Financial Group cut their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Performance

NASDAQ:PEP opened at $172.95 on Thursday. The firm has a market capitalization of $237.29 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.26 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The firm has a 50-day moving average price of $173.88 and a 200 day moving average price of $172.23.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate 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%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $2.25 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo 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.