Focused Investors LLC Sells 10,300 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Focused Investors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,000 shares of the company's stock after selling 10,300 shares during the quarter. PepsiCo accounts for approximately 2.9% of Focused Investors LLC's holdings, making the stock its 21st biggest position. Focused Investors LLC's holdings in PepsiCo were worth $94,038,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PEP. International Assets Investment Management LLC grew its stake in shares of PepsiCo by 17,113.0% in the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock valued at $547,626,000 after buying an additional 3,201,676 shares in the last quarter. Swedbank AB grew its holdings in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after buying an additional 1,592,343 shares during the last quarter. PineStone Asset Management Inc. raised its stake in PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company's stock valued at $452,003,000 after purchasing an additional 1,523,631 shares during the last quarter. Legal & General Group Plc grew its position in PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock worth $2,234,400,000 after buying an additional 905,468 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $151,749,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP traded down $6.53 during trading on Friday, reaching $158.62. 9,108,948 shares of the company's stock were exchanged, compared to its average volume of 4,996,625. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market capitalization of $217.63 billion, a P/E ratio of 23.40, a PEG ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The business has a 50 day moving average price of $170.82 and a 200-day moving average price of $171.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. The company's revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays lowered their target price on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Morgan Stanley cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price for the company. in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo 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.