Strategic Investment Advisors MI lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 46.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,915 shares of the company’s stock after selling 2,551 shares during the period. Strategic Investment Advisors MI’s holdings in PepsiCo were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Vanguard Group Inc. grew its stake in shares of PepsiCo by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 124,559,499 shares of the company’s stock valued at $16,474,240,000 after acquiring an additional 7,075,509 shares during the period. Nordea Investment Management AB lifted its holdings in PepsiCo by 161.6% during the second quarter. Nordea Investment Management AB now owns 5,935,150 shares of the company’s stock valued at $781,896,000 after purchasing an additional 3,666,099 shares in the last quarter. Capital International Investors bought a new position in shares of PepsiCo in the first quarter worth approximately $227,508,000. Two Sigma Advisers LP increased its stake in shares of PepsiCo by 211.7% in the second quarter. Two Sigma Advisers LP now owns 2,133,685 shares of the company’s stock worth $282,201,000 after purchasing an additional 1,449,200 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at $55,808,000. Institutional investors and hedge funds own 70.16% of the company’s stock.

NASDAQ PEP opened at $141.73 on Friday. The stock has a 50 day moving average price of $137.07 and a 200-day moving average price of $134.07. PepsiCo, Inc. has a one year low of $101.42 and a one year high of $147.20. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.79 and a current ratio of 0.97. The company has a market capitalization of $195.86 billion, a P/E ratio of 28.98, a P/E/G ratio of 4.53 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 1st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.17. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The company had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $17.24 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. PepsiCo’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.

Several research analysts recently weighed in on PEP shares. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $148.00 to $169.00 in a report on Monday, October 12th. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Friday, October 9th. Jefferies Financial Group increased their target price on PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Morgan Stanley boosted their price target on PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. Finally, SunTrust Banks upped their price target on PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $144.13.

PepsiCo Company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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