S&CO Inc. Decreases Stake in PepsiCo, Inc. $PEP

S&CO Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,247 shares of the company’s stock after selling 8,662 shares during the period. S&CO Inc.’s holdings in PepsiCo were worth $11,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $142.95 on Monday. The business’s fifty day moving average is $145.31 and its 200 day moving average is $139.71. The firm has a market cap of $195.46 billion, a price-to-earnings ratio of 27.18, 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. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $166.88.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PEP shares. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $156.95.

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.