Mowery & Schoenfeld Wealth Management LLC Sells 235 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mowery & Schoenfeld Wealth Management LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 52.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214 shares of the company’s stock after selling 235 shares during the quarter. Mowery & Schoenfeld Wealth Management LLC’s holdings in PepsiCo were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of PepsiCo by 2.5% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 54,340 shares of the company’s stock valued at $9,241,000 after purchasing an additional 1,350 shares during the period. Grimes & Company Inc. boosted its stake in PepsiCo by 19.7% in the 3rd quarter. Grimes & Company Inc. now owns 71,654 shares of the company’s stock valued at $12,185,000 after buying an additional 11,797 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its position in PepsiCo by 19.9% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 14,604 shares of the company’s stock valued at $2,483,000 after acquiring an additional 2,425 shares during the period. Keene & Associates Inc. increased its holdings in shares of PepsiCo by 0.8% during the third quarter. Keene & Associates Inc. now owns 19,097 shares of the company’s stock worth $3,248,000 after buying an additional 156 shares in the last quarter. Finally, Franklin Parlapiano Turner & Welch LLC raised its stake in shares of PepsiCo by 1.5% in the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 44,326 shares of the company’s stock valued at $7,538,000 after acquiring an additional 670 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3 %

Shares of PEP traded down $0.58 on Thursday, hitting $172.37. The company’s stock had a trading volume of 882,523 shares, compared to its average volume of 5,458,425. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $236.49 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 3.26 and a beta of 0.53. The firm’s fifty day moving average price is $173.88 and its 200-day moving average price is $172.23. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The company 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 firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Barclays cut 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 lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Jefferies Financial Group cut their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price 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.