PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 393,248 shares of the company’s stock after selling 101,056 shares during the period. Los Angeles Capital Management LLC’s holdings in PepsiCo were worth $66,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Atomi Financial Group Inc. lifted its stake in shares of PepsiCo by 28.7% during the first quarter. Atomi Financial Group Inc. now owns 5,308 shares of the company’s stock worth $929,000 after buying an additional 1,183 shares during the period. Choate Investment Advisors lifted its position in PepsiCo by 0.5% during the first quarter. Choate Investment Advisors now owns 143,929 shares of the company’s stock valued at $25,189,000 after purchasing an additional 751 shares during the period. NorthRock Partners LLC lifted its position in PepsiCo by 17.6% during the first quarter. NorthRock Partners LLC now owns 13,928 shares of the company’s stock valued at $2,438,000 after purchasing an additional 2,083 shares during the period. Meeder Asset Management Inc. lifted its position in PepsiCo by 7.1% during the first quarter. Meeder Asset Management Inc. now owns 3,483 shares of the company’s stock valued at $610,000 after purchasing an additional 232 shares during the period. Finally, Capital Square LLC acquired a new position in PepsiCo during the first quarter valued at $206,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP traded up $1.11 on Friday, reaching $165.11. 4,618,265 shares of the company’s stock were exchanged, compared to its average volume of 5,463,349. The stock has a market cap of $226.53 billion, a PE ratio of 24.35, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock’s fifty day moving average price is $172.19 and its 200-day moving average price is $171.98. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. Morgan Stanley downgraded 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. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, Barclays cut their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. One 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 MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price 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.