Banque Cantonale Vaudoise Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Banque Cantonale Vaudoise lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,009 shares of the company’s stock after selling 6,111 shares during the quarter. Banque Cantonale Vaudoise’s holdings in PepsiCo were worth $5,783,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Guardian Wealth Advisors LLC grew its holdings in PepsiCo by 5.5% in the third quarter. Guardian Wealth Advisors LLC now owns 4,806 shares of the company’s stock valued at $817,000 after purchasing an additional 249 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of PepsiCo by 7.4% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 2,160 shares of the company’s stock valued at $367,000 after acquiring an additional 149 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of PepsiCo by 24.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 28,217 shares of the company’s stock valued at $4,798,000 after acquiring an additional 5,564 shares during the last quarter. Wrapmanager Inc. lifted its position in PepsiCo by 9.7% during the third quarter. Wrapmanager Inc. now owns 8,109 shares of the company’s stock worth $1,379,000 after buying an additional 714 shares during the period. Finally, BIP Wealth LLC lifted its position in PepsiCo by 1.9% during the third quarter. BIP Wealth LLC now owns 3,601 shares of the company’s stock worth $612,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Performance

PEP stock opened at $158.33 on Tuesday. The business’s fifty day moving average is $170.42 and its 200-day moving average is $171.38. 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 company has a market cap of $217.23 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $157.76 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS 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.