Wiley BROS. Aintree Capital LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 350 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in PepsiCo were worth $206,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Marietta Wealth Management LLC lifted its stake in PepsiCo by 3.6% in the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock valued at $2,904,000 after purchasing an additional 763 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of PepsiCo by 1.3% during the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after acquiring an additional 296 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of PepsiCo by 27.6% during the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after acquiring an additional 754,455 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of PepsiCo by 72.6% during the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after acquiring an additional 27,302 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of PepsiCo by 19.0% during the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock worth $710,000 after acquiring an additional 864 shares in the last quarter. 71.46% of the stock is owned by institutional investors.
PEP opened at $137.61 on Friday. The stock has a market cap of $191.37 billion, a PE ratio of 24.28, a P/E/G ratio of 3.57 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $140.45. The business’s fifty day simple moving average is $135.89 and its 200 day simple moving average is $130.57.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The firm had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same period last year, the firm earned $1.59 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.
Several equities research analysts have issued reports on PEP shares. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. BidaskClub upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. UBS Group increased their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Atlantic Securities started coverage on PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. Finally, Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus price target of $135.53.
In other news, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by company insiders.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
Further Reading: What is Green Investing?
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