PepsiCo, Inc. (PEP) Shares Sold by Rational Advisors LLC

Rational Advisors LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 74.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,116 shares of the company’s stock after selling 14,856 shares during the period. Rational Advisors LLC’s holdings in PepsiCo were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. WP Advisors LLC bought a new position in PepsiCo in the second quarter valued at $118,000. Well Done LLC bought a new position in PepsiCo in the first quarter valued at $125,000. Atlas Capital Advisors LLC increased its stake in PepsiCo by 85.7% in the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after acquiring an additional 600 shares during the last quarter. Independent Order of Foresters bought a new position in PepsiCo in the second quarter valued at $152,000. Finally, Clearwater Capital Advisors LLC bought a new position in PepsiCo in the first quarter valued at $154,000. 70.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:PEP opened at $105.28 on Friday. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $122.51. The stock has a market cap of $158.12 billion, a PE ratio of 20.13, a P/E/G ratio of 2.63 and a beta of 0.67. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 3.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The firm had revenue of $16.49 billion for the quarter, compared to analysts’ expectations of $16.38 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 5.69 EPS for the current year.

PEP has been the topic of a number of research analyst reports. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Deutsche Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price on the stock. in a research note on Tuesday, July 3rd. TheStreet raised PepsiCo from a “c+” rating to a “b-” rating in a research note on Friday, July 6th. Finally, ValuEngine raised PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $117.89.

In other news, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the transaction, the chief executive officer now directly owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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