Signature Estate & Investment Advisors LLC Has $724,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Signature Estate & Investment Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 79.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,259 shares of the company's stock after selling 16,595 shares during the period. Signature Estate & Investment Advisors LLC's holdings in PepsiCo were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PEP. Legal & General Group Plc increased its stake in shares of 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 purchasing an additional 905,468 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of PepsiCo by 7.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company's stock worth $1,673,632,000 after buying an additional 700,092 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PepsiCo by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company's stock valued at $1,221,089,000 after acquiring an additional 561,465 shares during the period. Ameriprise Financial Inc. grew its stake in shares of PepsiCo by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company's stock valued at $846,030,000 after acquiring an additional 57,322 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in PepsiCo by 14.6% in the 2nd quarter. Bank of Montreal Can now owns 3,876,354 shares of the company's stock worth $676,036,000 after purchasing an additional 492,888 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PEP shares. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. DZ Bank downgraded PepsiCo from a "buy" rating to a "hold" rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Finally, Morgan Stanley cut PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $183.92.

PepsiCo Trading Down 4.0 %

PepsiCo stock traded down $6.53 during trading hours on Friday, reaching $158.62. 9,108,948 shares of the company's stock were exchanged, compared to its average volume of 5,466,003. The firm has a market capitalization of $217.63 billion, a PE ratio of 23.40, a PEG ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm's 50 day simple moving average is $170.82 and its 200 day simple moving average is $171.56. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analysts' expectations of $23.86 billion. During the same period in the prior year, the business earned $2.25 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

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.