Wealth Alliance LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP

Wealth Alliance LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,159 shares of the company’s stock after selling 1,065 shares during the quarter. Wealth Alliance LLC’s holdings in PepsiCo were worth $2,794,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Sigma Planning Corp lifted its holdings in PepsiCo by 2.7% in the 1st quarter. Sigma Planning Corp now owns 32,083 shares of the company’s stock worth $4,811,000 after buying an additional 835 shares in the last quarter. Apollon Financial LLC acquired a new stake in shares of PepsiCo during the first quarter valued at about $206,000. SBI Securities Co. Ltd. lifted its stake in shares of PepsiCo by 6.2% in the first quarter. SBI Securities Co. Ltd. now owns 14,846 shares of the company’s stock worth $2,226,000 after acquiring an additional 869 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in PepsiCo by 8.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,710 shares of the company’s stock worth $3,854,000 after purchasing an additional 1,927 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock opened at $145.08 on Wednesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $166.88. The stock has a market capitalization of $198.37 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock’s fifty day moving average is $145.08 and its two-hundred day moving average is $139.84.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm posted $2.31 EPS. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.95.

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.