Woodmont Investment Counsel LLC Sells 257 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Woodmont Investment Counsel LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 40,138 shares of the company’s stock after selling 257 shares during the period. Woodmont Investment Counsel LLC’s holdings in PepsiCo were worth $6,826,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC raised its stake in PepsiCo by 5.8% during the 1st quarter. Advisory Alpha LLC now owns 6,914 shares of the company’s stock worth $1,210,000 after buying an additional 381 shares during the period. OLD Second National Bank of Aurora raised its stake in shares of PepsiCo by 32.7% in the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock valued at $4,079,000 after purchasing an additional 5,737 shares during the period. Empirical Finance LLC raised its stake in shares of PepsiCo by 3.4% in the 1st quarter. Empirical Finance LLC now owns 49,761 shares of the company’s stock valued at $8,709,000 after purchasing an additional 1,648 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of PepsiCo by 25.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 137,773 shares of the company’s stock valued at $24,112,000 after purchasing an additional 27,901 shares during the period. Finally, Stokes Family Office LLC raised its stake in shares of PepsiCo by 0.3% in the 1st quarter. Stokes Family Office LLC now owns 32,262 shares of the company’s stock valued at $5,646,000 after purchasing an additional 85 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 1.9 %

Shares of PEP opened at $164.71 on Thursday. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The company has a market cap of $225.98 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $172.50 and a two-hundred day simple moving average of $172.11.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEP. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company reduced their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Barclays reduced their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $183.92.

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.