GSB Wealth Management LLC Sells 138 Shares of PepsiCo, Inc. (NASDAQ:PEP)

GSB Wealth Management LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,355 shares of the company’s stock after selling 138 shares during the quarter. GSB Wealth Management LLC’s holdings in PepsiCo were worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. True Link Financial Advisors LLC purchased a new stake in shares of PepsiCo during the 1st quarter valued at $407,000. United Capital Management of KS Inc. increased its holdings in PepsiCo by 5.8% in the 1st quarter. United Capital Management of KS Inc. now owns 26,708 shares of the company’s stock worth $4,674,000 after buying an additional 1,457 shares during the period. Arvest Investments Inc. acquired a new stake in PepsiCo during the 1st quarter valued at approximately $783,000. Norden Group LLC boosted its holdings in shares of PepsiCo by 3,345.6% in the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after acquiring an additional 174,171 shares during the last quarter. Finally, DMC Group LLC increased its stake in shares of PepsiCo by 13.9% in the first quarter. DMC Group LLC now owns 1,892 shares of the company’s stock worth $331,000 after acquiring an additional 231 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $167.50 on Wednesday. The stock has a market cap of $230.28 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $173.61 and a 200-day simple moving average of $172.29. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Company 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.