Amica Mutual Insurance Co. Acquires Shares of 10,606 PepsiCo, Inc. $PEP

Amica Mutual Insurance Co. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,606 shares of the company’s stock, valued at approximately $1,400,000.

A number of other large investors have also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC grew its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. increased its position in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

Shares of PEP opened at $142.95 on Friday. The company’s fifty day moving average price is $145.31 and its 200-day moving average price is $139.73. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $166.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $195.46 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.