Realta Investment Advisors Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

Realta Investment Advisors reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 67.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,543 shares of the company’s stock after selling 5,318 shares during the period. Realta Investment Advisors’ holdings in PepsiCo were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PEP. StoneX Group Inc. grew its position in shares of PepsiCo by 10.5% during the 1st quarter. StoneX Group Inc. now owns 22,745 shares of the company’s stock worth $4,007,000 after buying an additional 2,159 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in shares of PepsiCo by 1.7% in the 1st quarter. Capital Investment Counsel Inc now owns 4,184 shares of the company’s stock valued at $732,000 after purchasing an additional 68 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of PepsiCo by 270.9% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 15,426 shares of the company’s stock worth $2,700,000 after purchasing an additional 11,267 shares during the period. PDS Planning Inc increased its holdings in PepsiCo by 2.6% during the first quarter. PDS Planning Inc now owns 8,753 shares of the company’s stock valued at $1,532,000 after buying an additional 224 shares during the period. Finally, Palisade Asset Management LLC raised its stake in PepsiCo by 3.9% in the first quarter. Palisade Asset Management LLC now owns 97,533 shares of the company’s stock worth $17,069,000 after buying an additional 3,705 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PEP shares. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. 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 note on Friday, September 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.49 during trading on Friday, hitting $165.59. 6,339,121 shares of the company’s stock were exchanged, compared to its average volume of 5,464,888. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The business has a 50-day simple moving average of $173.03 and a 200-day simple moving average of $172.19. The stock has a market capitalization of $227.19 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.10 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.25 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS 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.