PepsiCo, Inc. $PEP Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 24,340 shares of the company’s stock after selling 456 shares during the period. TRUE Private Wealth Advisors’ holdings in PepsiCo were worth $3,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. JSF Financial LLC lifted its stake in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the period. Bull Street Advisors LLC lifted its position in PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after acquiring an additional 74 shares in the last quarter. Finally, Guardian Wealth Advisors LLC boosted its holdings in PepsiCo by 1.6% in the 2nd quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock worth $602,000 after acquiring an additional 74 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Rothschild & Co Redburn raised their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

Shares of PEP opened at $148.05 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $165.13. The business’s fifty day moving average price is $145.19 and its 200 day moving average price is $140.27. The stock has a market capitalization of $202.44 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company 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. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

About PepsiCo

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.