PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Realta Investment Advisors

Realta Investment Advisors lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 67.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,543 shares of the company's stock after selling 5,318 shares during the period. Realta Investment Advisors' holdings in PepsiCo were worth $448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Wealth Strategies & Associates increased its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in PepsiCo during the third quarter worth approximately $28,000. POM Investment Strategies LLC boosted its holdings in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 2nd quarter valued at $30,000. Finally, Mattson Financial Services LLC purchased a new position in shares of PepsiCo in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.3 %

NASDAQ PEP traded down $0.49 during mid-day trading on Friday, reaching $165.59. 6,339,121 shares of the company's stock traded hands, compared to its average volume of 5,135,751. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a fifty day simple moving average of $173.03 and a 200-day simple moving average of $172.23. The company has a market cap of $227.19 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 3.09 and a beta of 0.53.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Cowen lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average 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.