PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Nelson Van Denburg & Campbell Wealth Management Group LLC

Nelson Van Denburg & Campbell Wealth Management Group LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,761 shares of the company’s stock after selling 341 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in PepsiCo were worth $1,749,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. Marietta Wealth Management LLC increased its stake in PepsiCo by 3.6% during the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock worth $2,904,000 after acquiring an additional 763 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in PepsiCo by 1.3% during the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after acquiring an additional 296 shares during the last quarter. AQR Capital Management LLC increased its stake in PepsiCo by 27.6% during the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after acquiring an additional 754,455 shares during the last quarter. AE Wealth Management LLC increased its stake in PepsiCo by 72.6% during the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after acquiring an additional 27,302 shares during the last quarter. Finally, Assetmark Inc. increased its stake in PepsiCo by 19.0% during the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock worth $710,000 after acquiring an additional 864 shares during the last quarter. 71.46% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Bank of America raised their target price on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Citigroup raised their target price on PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. BidaskClub raised PepsiCo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Credit Suisse Group raised their target price on PepsiCo from $117.00 to $126.00 and gave the stock an “underperform” rating in a research note on Friday, October 4th. Finally, Deutsche Bank raised their target price on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $135.53.

In related news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at $13,500,602.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

PEP opened at $137.85 on Thursday. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $140.45. The business has a fifty day simple moving average of $135.77 and a 200-day simple moving average of $130.48. The firm has a market cap of $192.91 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.60 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.50 by $0.06. The business had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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