Birch Hill Investment Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 100,685 shares of the company’s stock after selling 570 shares during the period. Birch Hill Investment Advisors LLC’s holdings in PepsiCo were worth $13,804,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Marietta Wealth Management LLC boosted its holdings in PepsiCo by 3.6% in the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock valued at $2,904,000 after acquiring an additional 763 shares in the last quarter. AQR Capital Management LLC boosted its holdings in PepsiCo by 27.6% in the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock valued at $456,949,000 after acquiring an additional 754,455 shares in the last quarter. AE Wealth Management LLC boosted its holdings in PepsiCo by 72.6% in the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock valued at $8,511,000 after acquiring an additional 27,302 shares in the last quarter. Assetmark Inc. boosted its holdings in PepsiCo by 19.0% in the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after acquiring an additional 864 shares in the last quarter. Finally, CenturyLink Investment Management Co boosted its holdings in PepsiCo by 41.5% in the second quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock valued at $2,330,000 after acquiring an additional 5,209 shares in the last quarter. Hedge funds and other institutional investors own 71.67% of the company’s stock.

PepsiCo stock traded up $0.66 on Thursday, hitting $137.08. 77,750 shares of the stock traded hands, compared to its average volume of 4,231,083. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The firm has a market cap of $191.67 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56. The business’s fifty day simple moving average is $136.59 and its 200 day simple moving average is $131.05. PepsiCo, Inc. has a 1 year low of $105.03 and a 1 year high of $140.45.

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

Several analysts recently weighed in on PEP shares. Guggenheim set a $130.00 price target on shares of PepsiCo and gave the company a “hold” rating in a report on Thursday, September 26th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. set a $154.00 price target on shares of PepsiCo and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $133.00 price target (up previously from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Finally, ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $135.53.

In other news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

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.

Further Reading: Equity Income

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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