Rothschild & Co. Asset Management US Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 261,384 shares of the company’s stock after selling 34,630 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in PepsiCo were worth $36,228,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of PEP. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 124,559,499 shares of the company’s stock valued at $16,474,240,000 after purchasing an additional 7,075,509 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of PepsiCo by 161.6% during the 2nd quarter. Nordea Investment Management AB now owns 5,935,150 shares of the company’s stock valued at $781,896,000 after acquiring an additional 3,666,099 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of PepsiCo by 211.7% during the 2nd quarter. Two Sigma Advisers LP now owns 2,133,685 shares of the company’s stock valued at $282,201,000 after acquiring an additional 1,449,200 shares during the last quarter. Chilton Investment Co. LLC increased its stake in shares of PepsiCo by 733.8% during the 2nd quarter. Chilton Investment Co. LLC now owns 695,411 shares of the company’s stock valued at $91,975,000 after acquiring an additional 612,011 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of PepsiCo by 2,431.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 590,910 shares of the company’s stock valued at $78,154,000 after acquiring an additional 567,563 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.
A number of research firms have recently commented on PEP. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $148.00 to $169.00 in a research note on Monday, October 12th. Truist upped their price objective on shares of PepsiCo from $130.00 to $135.00 in a research note on Friday, October 2nd. Morgan Stanley increased their target price on shares of PepsiCo from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Finally, Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Friday, September 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. PepsiCo presently has a consensus rating of “Buy” and an average price target of $144.13.
NASDAQ PEP traded down $1.01 on Tuesday, reaching $144.75. The company had a trading volume of 44,993 shares, compared to its average volume of 5,250,737. The firm has a market capitalization of $201.43 billion, a PE ratio of 28.56, a P/E/G ratio of 3.90 and a beta of 0.57. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20. The firm has a 50-day moving average of $138.97 and a 200-day moving average of $135.39. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 1st. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.17. The firm had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. PepsiCo’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
In other PepsiCo news, CEO Kirk Tanner sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $136.81, for a total value of $1,710,125.00. Following the completion of the transaction, the chief executive officer now owns 95,645 shares in the company, valued at approximately $13,085,192.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.
PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.
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