PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Pratt Collard Advisory Partners LLC

Pratt Collard Advisory Partners LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,693 shares of the company’s stock after selling 148 shares during the quarter. PepsiCo makes up about 1.6% of Pratt Collard Advisory Partners LLC’s holdings, making the stock its 20th largest position. Pratt Collard Advisory Partners LLC’s holdings in PepsiCo were worth $2,014,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PEP. Nuveen Asset Management LLC lifted its position in shares of PepsiCo by 9,617.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,770,327 shares of the company’s stock worth $1,281,183,000 after buying an additional 9,669,780 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of PepsiCo by 13,410.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock worth $180,626,000 after buying an additional 1,792,893 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of PepsiCo by 20.8% in the 2nd quarter. California Public Employees Retirement System now owns 8,887,074 shares of the company’s stock worth $1,165,362,000 after buying an additional 1,528,887 shares during the last quarter. BlackRock Inc. lifted its position in shares of PepsiCo by 1.4% in the 2nd quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock worth $13,422,659,000 after buying an additional 1,413,723 shares during the last quarter. Finally, Railway Pension Investments Ltd bought a new position in shares of PepsiCo in the 2nd quarter worth about $16,182,000. 71.67% of the stock is owned by institutional investors.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Guggenheim set a $130.00 price target on shares of PepsiCo and gave the stock a “hold” rating in a research report on Thursday, September 26th. Credit Suisse Group raised their price target on shares of PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research report on Friday, October 4th. Jefferies Financial Group raised their price target on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Morgan Stanley raised their price target on shares of PepsiCo from $149.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $133.00 price target (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $135.53.

NASDAQ:PEP traded down $0.49 during mid-day trading on Friday, hitting $136.47. The stock had a trading volume of 1,871,042 shares, compared to its average volume of 4,199,512. The stock has a market capitalization of $190.10 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 3.54 and a beta of 0.56. The company has a 50 day simple moving average of $136.64 and a 200-day simple moving average of $131.13. PepsiCo, Inc. has a 52 week low of $105.03 and a 52 week high of $140.45. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.93 billion. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. PepsiCo’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.59 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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