Grey Fox Wealth Advisors LLC Has $290,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Grey Fox Wealth Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,703 shares of the company’s stock after selling 141 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in PepsiCo were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cherry Creek Investment Advisors Inc. boosted its stake in PepsiCo by 2.3% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 3,396 shares of the company’s stock valued at $578,000 after buying an additional 77 shares in the last quarter. Romano Brothers AND Company boosted its stake in PepsiCo by 3.5% in the 3rd quarter. Romano Brothers AND Company now owns 20,981 shares of the company’s stock valued at $3,568,000 after buying an additional 710 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in PepsiCo by 1.2% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 7,315 shares of the company’s stock valued at $1,244,000 after buying an additional 86 shares in the last quarter. Brighton Jones LLC boosted its stake in PepsiCo by 90.0% in the 3rd quarter. Brighton Jones LLC now owns 52,818 shares of the company’s stock valued at $8,982,000 after buying an additional 25,012 shares in the last quarter. Finally, Tanager Wealth Management LLP acquired a new stake in PepsiCo in the 3rd quarter valued at $321,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $172.95 on Thursday. The firm has a market cap of $237.29 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 3.26 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The business’s 50 day moving average is $173.88 and its 200-day moving average is $172.23.

PepsiCo (NASDAQ:PEP) last announced its 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 company had revenue of $23.32 billion for 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 firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current 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.