PepsiCo, Inc. $PEP Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 148,991 shares of the company’s stock after selling 6,575 shares during the quarter. Modera Wealth Management LLC’s holdings in PepsiCo were worth $19,673,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after buying an additional 208,292 shares during the period. Invesco Ltd. boosted its stake in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after buying an additional 491,894 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in PepsiCo by 9.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,878,718 shares of the company’s stock worth $1,631,155,000 after acquiring an additional 923,766 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.9%

NASDAQ PEP opened at $141.58 on Friday. The firm’s 50 day moving average price is $145.42 and its two-hundred day moving average price is $139.74. The stock has a market cap of $193.59 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $166.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. The Goldman Sachs Group upped their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Bank of America raised their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.