Parcion Private Wealth LLC Sells 4,176 Shares of PepsiCo, Inc. $PEP

Parcion Private Wealth LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 71.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,693 shares of the company’s stock after selling 4,176 shares during the quarter. Parcion Private Wealth LLC’s holdings in PepsiCo were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Evergreen Advisors LLC bought a new stake in PepsiCo during the first quarter valued at $25,000. Montgomery Financial Services LLC bought a new position in shares of PepsiCo in the 2nd quarter worth about $25,000. Atlatl Advisers LLC bought a new position in shares of PepsiCo in the 2nd quarter worth about $31,000. Osterweis Capital Management Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth about $31,000. Finally, Kilter Group LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at about $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert C. Pohlad bought 184,646 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was purchased at an average price of $128.28 per share, for a total transaction of $23,686,388.88. Following the transaction, the director owned 433,009 shares in the company, valued at approximately $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ramon Laguarta sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the completion of the sale, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $132.00 target price on shares of PepsiCo in a report on Friday, October 9th. Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a research note on Thursday, October 8th. Citigroup restated a “buy” rating on shares of PepsiCo in a research note on Friday, October 9th. Finally, UBS Group lowered their target price on PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $143.28.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo renewed and expanded its long-term beverage partnership with Taco Bell, retaining exclusive beverage rights and broadening distribution of products including Mountain Dew Baja Blast. Plans for new functional and energy drinks could create additional opportunities across the partnership. What Is PepsiCo (PEP) Gaining From Its Expanded Beverage Partnership?
• Positive Sentiment: PepsiCo ranked 10th on a hedge-fund-based list of undervalued dividend-growth stocks, with 68 tracked funds holding bullish positions. This supports the view that some investors see value and income potential, though it is not a near-term business catalyst. PepsiCo Remains a Popular Choice for Dividend Investors
• Neutral Sentiment: Coverage of PepsiCo’s functional-food strategy signals a focus on growth beyond traditional snacks and beverages, but the article information provided does not specify initiatives or expected financial impact. Inside PepsiCo’s functional food strategy
• Neutral Sentiment: Costco has brought back a rare PepsiCo seasonal soda that fans reportedly stockpile. The return may support interest in the product, but the article details provided do not indicate a material sales impact. Costco just brought back the rare PepsiCo seasonal soda fans stockpile for emergencies
• Negative Sentiment: A comparison article focuses on Coca-Cola’s stock having outpaced PepsiCo, highlighting relative performance weakness that could weigh on investor sentiment toward PEP. How Did Coca-Cola Stock Leave PepsiCo Behind?

PepsiCo Stock Performance

PEP stock opened at $137.27 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94. The stock has a market capitalization of $187.06 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 4.19 and a beta of 0.31. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48. The stock’s fifty day moving average is $133.28 and its two-hundred day moving average is $145.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.05. The company had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.39 EPS for the current year.

PepsiCo Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.