Epoch Investment Partners Inc. Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Epoch Investment Partners Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,407 shares of the company’s stock after selling 55,009 shares during the quarter. Epoch Investment Partners Inc.’s holdings in PepsiCo were worth $96,964,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Red Door Wealth Management LLC boosted its stake in shares of PepsiCo by 22.5% during the 2nd quarter. Red Door Wealth Management LLC now owns 9,937 shares of the company’s stock worth $1,472,000 after acquiring an additional 1,824 shares in the last quarter. JLB & Associates Inc. lifted its stake in PepsiCo by 2.4% in the 2nd quarter. JLB & Associates Inc. now owns 103,057 shares of the company’s stock valued at $15,269,000 after buying an additional 2,457 shares in the last quarter. 44 Wealth Management LLC raised its holdings in PepsiCo by 88.0% in the 2nd quarter. 44 Wealth Management LLC now owns 10,116 shares of the company’s stock valued at $1,499,000 after acquiring an additional 4,736 shares during the last quarter. Carnegie Capital Asset Management LLC raised its holdings in PepsiCo by 2.5% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 131,021 shares of the company’s stock valued at $19,409,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in PepsiCo by 94.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 44,338 shares of the company’s stock valued at $6,272,000 after acquiring an additional 21,538 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:PEP traded up $1.31 on Thursday, reaching $159.30. The stock had a trading volume of 69,453 shares, compared to its average volume of 4,897,530. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 2.47. The company has a 50-day moving average of $155.19 and a 200 day moving average of $150.35. The stock has a market cap of $220.26 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. PepsiCo, Inc. has a 12-month low of $128.32 and a 12-month high of $159.63.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.06. The company had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. PepsiCo had a net margin of 11.01% and a return on equity of 59.56%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 6.24 EPS for the current year.

In other PepsiCo news, SVP Marie T. Gallagher sold 7,409 shares of the firm’s stock in a transaction dated Monday, July 19th. The shares were sold at an average price of $155.70, for a total value of $1,153,581.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup boosted their price target on PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 14th. Evercore ISI restated a “hold” rating and set a $160.00 price objective on shares of PepsiCo in a report on Thursday, October 7th. Cowen restated a “buy” rating and set a $165.00 price objective on shares of PepsiCo in a report on Friday, July 9th. Guggenheim upped their price objective on PepsiCo from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 21st. Finally, Royal Bank of Canada upped their price objective on PepsiCo from $153.00 to $155.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $162.86.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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