Donald L. Hagan LLC Sells 459 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Donald L. Hagan LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,099 shares of the company’s stock after selling 459 shares during the quarter. Donald L. Hagan LLC’s holdings in PepsiCo were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEP. Hemenway Trust Co LLC raised its stake in shares of PepsiCo by 1.8% during the 1st quarter. Hemenway Trust Co LLC now owns 13,327 shares of the company’s stock worth $2,332,000 after acquiring an additional 240 shares in the last quarter. First Long Island Investors LLC boosted its position in shares of PepsiCo by 42.7% in the 1st quarter. First Long Island Investors LLC now owns 99,050 shares of the company’s stock worth $17,335,000 after purchasing an additional 29,659 shares in the last quarter. Broderick Brian C grew its stake in PepsiCo by 5.6% during the 1st quarter. Broderick Brian C now owns 23,442 shares of the company’s stock worth $4,103,000 after buying an additional 1,250 shares during the last quarter. Cohen Capital Management Inc. raised its stake in PepsiCo by 0.3% in the first quarter. Cohen Capital Management Inc. now owns 89,813 shares of the company’s stock valued at $15,718,000 after buying an additional 292 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after acquiring an additional 1,832,385 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock traded down $2.26 on Wednesday, reaching $165.59. 893,738 shares of the company were exchanged, compared to its average volume of 5,435,981. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The business has a 50-day moving average price of $172.69 and a 200 day moving average price of $172.16. The company has a market cap of $227.19 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.09 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One 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 data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus 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.