AMG National Trust Bank Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

AMG National Trust Bank trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,160 shares of the company's stock after selling 4,117 shares during the quarter. AMG National Trust Bank's holdings in PepsiCo were worth $6,149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Global Wealth Strategies & Associates lifted its position 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 period. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $28,000. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter valued at $30,000. Finally, Mattson Financial Services LLC acquired a new position in PepsiCo during the second quarter worth $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.29 on Monday, reaching $158.33. 6,960,243 shares of the company's stock were exchanged, compared to its average volume of 5,472,910. 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 firm has a market cap of $217.23 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $157.76 and a 52 week high of $183.41. The stock has a fifty day simple moving average of $170.42 and a 200-day simple moving average of $171.38.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating 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 company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the business earned $2.25 earnings per share. PepsiCo's revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average 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.