PepsiCo, Inc. $PEP Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 2nd quarter, Holdings Channel reports. The fund owned 14,961 shares of the company’s stock after selling 732 shares during the quarter. KCM Investment Advisors LLC’s holdings in PepsiCo were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC raised its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares in the last quarter. RMG Wealth Management LLC bought a new position in PepsiCo during the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0%

Shares of PepsiCo stock opened at $142.95 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $166.88. The company has a market cap of $195.46 billion, a P/E ratio of 27.18, a P/E/G ratio of 3.56 and a beta of 0.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average price of $145.31 and a 200 day moving average price of $139.73.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Tuesday, October 21st. Jefferies Financial Group lifted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Barclays boosted their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Finally, BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $156.95.

PepsiCo 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.