RPG Investment Advisory LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 21.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 300 shares of the company’s stock after selling 82 shares during the quarter. RPG Investment Advisory LLC’s holdings in PepsiCo were worth $41,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its position in shares of PepsiCo by 0.5% during the third quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock worth $2,088,000 after buying an additional 75 shares in the last quarter. First Bank & Trust boosted its holdings in PepsiCo by 0.5% in the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock valued at $1,995,000 after purchasing an additional 75 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in PepsiCo by 2.5% in the third quarter. Capital Advisors Ltd. LLC now owns 3,126 shares of the company’s stock valued at $429,000 after purchasing an additional 76 shares in the last quarter. Stillwater Investment Management LLC boosted its holdings in PepsiCo by 0.5% in the third quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock valued at $2,086,000 after purchasing an additional 79 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in PepsiCo by 18.8% in the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after purchasing an additional 80 shares in the last quarter. 71.66% of the stock is owned by institutional investors.
NASDAQ:PEP traded down $0.07 during trading hours on Monday, hitting $136.57. The company’s stock had a trading volume of 242,650 shares, compared to its average volume of 3,767,474. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The company has a market capitalization of $192.28 billion, a PE ratio of 24.13, a PEG ratio of 3.58 and a beta of 0.56. PepsiCo, Inc. has a 52-week low of $105.03 and a 52-week high of $140.45. The business’s 50-day moving average is $136.62 and its two-hundred day moving average is $131.71.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.06. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. PepsiCo’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. UBS Group upped their price target on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Credit Suisse Group upped their price target on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price target on PepsiCo and gave the company a “buy” rating in a report on Thursday, October 3rd. Atlantic Securities assumed coverage on PepsiCo in a report on Monday, July 29th. They issued an “overweight” rating and a $145.00 price target for the company. Finally, Bank of America upped their price target on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $135.53.
In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the sale, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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