PepsiCo, Inc. (PEP) Shares Sold by First Allied Advisory Services Inc.

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First Allied Advisory Services Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,933 shares of the company’s stock after selling 5,589 shares during the quarter. First Allied Advisory Services Inc.’s holdings in PepsiCo were worth $6,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. WP Advisors LLC acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $118,000. Well Done LLC acquired a new position in shares of PepsiCo during the 1st quarter valued at about $125,000. Atlas Capital Advisors LLC boosted its position in shares of PepsiCo by 85.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after acquiring an additional 600 shares during the last quarter. Independent Order of Foresters acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $152,000. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of PepsiCo during the 1st quarter valued at about $154,000. 70.64% of the stock is currently owned by institutional investors.

NASDAQ PEP traded up $1.42 during trading hours on Friday, reaching $117.48. The company had a trading volume of 5,007,809 shares, compared to its average volume of 5,276,824. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. The stock has a market capitalization of $163.19 billion, a P/E ratio of 22.46, a PEG ratio of 2.89 and a beta of 0.58. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 5.65 EPS for the current year.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total transaction of $2,256,719.08. Following the sale, the chief executive officer now directly owns 35,520 shares in the company, valued at $3,993,158.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Yawman sold 12,024 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the sale, the executive vice president now owns 59,133 shares in the company, valued at $6,326,639.67. The disclosure for this sale can be found here. Insiders have sold 205,893 shares of company stock worth $22,663,157 over the last quarter. Insiders own 0.27% of the company’s stock.

Several research analysts have recently weighed in on the stock. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Susquehanna Bancshares lowered their price target on shares of PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research report on Friday, September 28th. Guggenheim started coverage on shares of PepsiCo in a research report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price on the stock. Citigroup decreased their target price on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research report on Wednesday, October 3rd. Finally, BMO Capital Markets decreased their target price on shares of PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $117.89.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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