Measured Wealth Private Client Group LLC Sells 526 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Measured Wealth Private Client Group LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) 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.

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

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.

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.