Hennion & Walsh Asset Management Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,771 shares of the company’s stock after selling 253 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PepsiCo were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC boosted its position in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. POM Investment Strategies LLC increased its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the second quarter worth about $30,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.
PepsiCo Stock Down 0.2 %
Shares of NASDAQ:PEP opened at $171.79 on Friday. The company has a market cap of $236.17 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The firm has a fifty day moving average price of $173.87 and a two-hundred day moving average price of $172.23. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on PEP shares. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.
Get Our Latest Analysis on PepsiCo
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.
See Also
- Five stocks we like better than PepsiCo
- Stock Market Upgrades: What Are They?
- Texas Roadhouse Stock Steering for New Highs This Year
- What is the Nikkei 225 index?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Use the MarketBeat Stock Screener
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.