Amica Retiree Medical Trust Invests $124,000 in PepsiCo, Inc. $PEP

Amica Retiree Medical Trust bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 942 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC grew its holdings in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. RMG Wealth Management LLC acquired a new position in PepsiCo during the second quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. raised its stake in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup dropped their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. 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’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Up 1.0%

Shares of NASDAQ PEP opened at $142.95 on Friday. The company has a market cap of $195.46 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.56 and a beta of 0.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $166.88. The stock has a 50-day moving average price of $145.31 and a two-hundred day moving average price of $139.73.

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