Eqis Capital Management Inc. Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Eqis Capital Management Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,043 shares of the company’s stock after selling 275 shares during the quarter. Eqis Capital Management Inc.’s holdings in PepsiCo were worth $422,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Creative Financial Designs Inc. ADV acquired a new stake in shares of PepsiCo during the second quarter valued at about $26,000. Evolution Wealth Advisors LLC lifted its stake in shares of PepsiCo by 342.2% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. RPG Investment Advisory LLC lifted its stake in shares of PepsiCo by 191.0% in the 2nd quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter. Ellevest Inc. lifted its stake in shares of PepsiCo by 25.1% in the 3rd quarter. Ellevest Inc. now owns 459 shares of the company’s stock valued at $64,000 after purchasing an additional 92 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in PepsiCo in the 3rd quarter worth $65,000. 70.16% of the stock is currently owned by institutional investors.

In other news, CEO Kirk Tanner sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $136.81, for a total transaction of $1,710,125.00. Following the completion of the sale, the chief executive officer now owns 95,645 shares in the company, valued at approximately $13,085,192.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Friday, September 18th. Truist boosted their price target on shares of PepsiCo from $130.00 to $135.00 in a research report on Friday, October 2nd. Morgan Stanley upped their target price on shares of PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. UBS Group upped their target price on shares of PepsiCo from $140.00 to $146.00 in a research report on Friday, October 2nd. Finally, BidaskClub lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $144.13.

Shares of PEP stock opened at $143.42 on Friday. The stock has a market cap of $198.20 billion, a P/E ratio of 28.40, a P/E/G ratio of 3.90 and a beta of 0.57. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The company has a fifty day moving average price of $139.58 and a two-hundred day moving average price of $135.62. PepsiCo, Inc. has a one year low of $101.42 and a one year high of $147.20.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, October 1st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.17. The firm had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Friday, December 4th will be paid a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, December 3rd. PepsiCo’s dividend payout ratio is presently 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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