Cable Hill Partners LLC Sells 513 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cable Hill Partners LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,636 shares of the company’s stock after selling 513 shares during the period. Cable Hill Partners LLC’s holdings in PepsiCo were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G Plc lifted its stake in PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares during the last quarter. Fiduciary Family Office LLC raised its stake in PepsiCo by 119.6% in the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after buying an additional 3,727 shares during the period. GFS Advisors LLC boosted its stake in shares of PepsiCo by 13,209.4% during the 3rd quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock worth $12,290,000 after acquiring an additional 71,727 shares during the period. WoodTrust Financial Corp increased its holdings in shares of PepsiCo by 5.7% during the 3rd quarter. WoodTrust Financial Corp now owns 64,341 shares of the company’s stock worth $10,941,000 after acquiring an additional 3,465 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in PepsiCo by 3.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after acquiring an additional 4,547 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.2 %

PEP opened at $164.74 on Thursday. The stock has a market capitalization of $226.02 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The company has a 50-day simple moving average of $171.75 and a 200 day simple moving average of $171.77.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. Analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Ratings Changes

PEP has been the topic of several research reports. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $190.00 to $183.00 in a report on Thursday, October 10th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Company 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.