Measured Wealth Private Client Group LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 15.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,965 shares of the company’s stock after selling 526 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in PepsiCo were worth $504,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $28,000. POM Investment Strategies LLC grew its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $30,000. Finally, Mattson Financial Services LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $34,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Up 0.0 %
PEP opened at $166.25 on Thursday. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The stock’s fifty day simple moving average is $173.43 and its 200 day simple moving average is $172.25. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $228.56 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $183.92.
View Our Latest Analysis on PepsiCo
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.
See Also
- Five stocks we like better than PepsiCo
- How to Most Effectively Use the MarketBeat Earnings Screener
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Business Services Stocks Investing
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
- With Risk Tolerance, One Size Does Not Fit All
- Caterpillar Stock: Market Points to a Buying Opportunity
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.