The PepsiCo, Inc. (PEP) Position Raised by American National Bank

The PepsiCo, Inc. (PEP) Position Raised by American National Bank

Several other large investors also recently added to or reduced their stakes in PEP. Itau Unibanco Holding S.A. bought a new stake in PepsiCo during the third quarter valued at $101,000. Patriot Financial Group Insurance Agency LLC bought a new stake in PepsiCo during the fourth quarter valued at $125,000. Edmond DE Rothschild Monaco bought a new stake in PepsiCo during the third quarter valued at $131,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in PepsiCo by 11,898.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146,861 shares of the company’s stock valued at $147,000 after buying an additional 145,637 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new stake in PepsiCo during the fourth quarter valued at $150,000. Institutional investors own 70.43% of the company’s stock.

American National Bank increased its stake in shares of PepsiCo, Inc. (NYSE:PEP) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,524 shares of the company’s stock after buying an additional 316 shares during the period. American National Bank’s holdings in PepsiCo were worth $841,000 as of its most recent filing with the SEC.

PepsiCo, Inc. (PEP) opened at 117.67 on Monday. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $118.12. The firm’s 50-day moving average price is $114.22 and its 200 day moving average price is $108.37. The firm has a market cap of $168.09 billion, a P/E ratio of 25.35 and a beta of 0.53.

PepsiCo (NYSE:PEP) last posted its earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $11.98 billion. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Analysts forecast that PepsiCo, Inc. will post $5.14 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Vetr upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $125.54 price objective on the stock in a research note on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price objective on shares of PepsiCo in a research note on Thursday, February 16th. CLSA reiterated an “outperform” rating on shares of PepsiCo in a research note on Wednesday, February 15th. JPMorgan Chase & Co. initiated coverage on PepsiCo in a report on Tuesday, March 21st. They issued an “overweight” rating and a $125.00 target price on the stock. Finally, Jefferies Group LLC boosted their target price on PepsiCo from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $120.35. About PepsiCo

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PEP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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