Braun Stacey Associates Inc. Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Braun Stacey Associates Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 74.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,604 shares of the company's stock after selling 74,508 shares during the period. Braun Stacey Associates Inc.'s holdings in PepsiCo were worth $4,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Edgestream Partners L.P. increased its holdings in shares of PepsiCo by 20.9% in the 1st quarter. Edgestream Partners L.P. now owns 4,605 shares of the company's stock valued at $806,000 after acquiring an additional 796 shares during the last quarter. PYA Waltman Capital LLC lifted its position in shares of PepsiCo by 18.3% during the 1st quarter. PYA Waltman Capital LLC now owns 14,348 shares of the company's stock worth $2,511,000 after buying an additional 2,218 shares during the last quarter. Capitolis Liquid Global Markets LLC boosted its holdings in shares of PepsiCo by 268.9% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 848,400 shares of the company's stock valued at $148,478,000 after buying an additional 618,400 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of PepsiCo during the first quarter worth about $559,000. Finally, Lake Street Advisors Group LLC grew its stake in PepsiCo by 172.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 22,084 shares of the company's stock worth $3,893,000 after buying an additional 13,966 shares during 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 up $0.66 during midday trading on Monday, reaching $159.28. 3,208,764 shares of the company traded hands, compared to its average volume of 5,455,954. PepsiCo, Inc. has a 1-year low of $157.76 and a 1-year high of $183.41. The firm has a market cap of $218.53 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The firm's 50 day simple moving average is $170.82 and its two-hundred day simple moving average is $171.50. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. PepsiCo's revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research report on Friday, October 4th. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $183.92.

PepsiCo Company Profile

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.