WMS Partners LLC Sells 253 Shares of PepsiCo, Inc. (NASDAQ:PEP)

WMS Partners LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,582 shares of the company’s stock after selling 253 shares during the period. PepsiCo makes up about 0.7% of WMS Partners LLC’s portfolio, making the stock its 27th largest holding. WMS Partners LLC’s holdings in PepsiCo were worth $4,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Nordea Investment Management AB boosted its holdings in PepsiCo by 162.0% in the 1st quarter. Nordea Investment Management AB now owns 7,259,534 shares of the company’s stock valued at $1,034,266,000 after purchasing an additional 4,488,520 shares during the period. Factorial Partners LLC bought a new stake in PepsiCo in the 1st quarter valued at about $26,500,000. Arrowstreet Capital Limited Partnership raised its position in shares of PepsiCo by 731.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,618,572 shares of the company’s stock valued at $511,847,000 after buying an additional 3,183,227 shares in the last quarter. American Century Companies Inc. raised its position in shares of PepsiCo by 60.8% in the 2nd quarter. American Century Companies Inc. now owns 4,706,803 shares of the company’s stock valued at $697,407,000 after buying an additional 1,779,157 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of PepsiCo by 15.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,356,061 shares of the company’s stock valued at $1,464,865,000 after buying an additional 1,364,568 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PEP traded down $0.43 on Monday, hitting $158.38. The company’s stock had a trading volume of 66,511 shares, compared to its average volume of 4,888,469. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 2.47. PepsiCo, Inc. has a 1-year low of $128.32 and a 1-year high of $159.66. The company’s 50-day moving average is $155.37 and its 200 day moving average is $150.63. The firm has a market cap of $218.98 billion, a PE ratio of 26.68, a PEG ratio of 2.96 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, October 4th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.06. PepsiCo had a net margin of 11.01% and a return on equity of 59.56%. The firm had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. During the same period in the prior year, the company posted $1.66 EPS. The company’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 6.24 EPS for the current year.

Several equities analysts have recently commented on PEP shares. Evercore ISI restated a “hold” rating and issued a $160.00 target price on shares of PepsiCo in a research report on Thursday, October 7th. Citigroup boosted their target price on shares of PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Royal Bank of Canada boosted their target price on shares of PepsiCo from $153.00 to $155.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 14th. Truist upped their price objective on shares of PepsiCo from $135.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 14th. Finally, Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective for the company. in a research report on Monday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $162.86.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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