PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,959 shares of the company’s stock after selling 67 shares during the period. Interchange Capital Partners LLC’s holdings in PepsiCo were worth $2,034,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Worth Financial Advisory Group LLC raised its holdings in shares of PepsiCo by 14.2% during the first quarter. Worth Financial Advisory Group LLC now owns 3,936 shares of the company’s stock worth $689,000 after purchasing an additional 490 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of PepsiCo by 16.7% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,709 shares of the company’s stock valued at $649,000 after buying an additional 532 shares during the period. Wambolt & Associates LLC boosted its stake in shares of PepsiCo by 12.4% in the first quarter. Wambolt & Associates LLC now owns 19,363 shares of the company’s stock worth $3,349,000 after buying an additional 2,130 shares during the last quarter. Parthenon LLC grew its holdings in PepsiCo by 0.6% during the first quarter. Parthenon LLC now owns 101,407 shares of the company’s stock worth $17,747,000 after acquiring an additional 612 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in PepsiCo by 1.6% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 53,680 shares of the company’s stock valued at $9,395,000 after acquiring an additional 850 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PEP. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group cut their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Down 0.1 %

PEP stock traded down $0.16 during mid-day trading on Friday, hitting $165.92. 807,226 shares of the company were exchanged, compared to its average volume of 5,441,380. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The firm has a market capitalization of $227.64 billion, a P/E ratio of 24.47, a PEG ratio of 3.10 and a beta of 0.53. The business has a fifty day simple moving average of $173.24 and a 200-day simple moving average of $172.20. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $2.25 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

About PepsiCo

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.