Joel Isaacson & Co. LLC Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Joel Isaacson & Co. LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,786 shares of the company’s stock after selling 1,192 shares during the period. Joel Isaacson & Co. LLC’s holdings in PepsiCo were worth $2,514,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after acquiring an additional 139 shares during the last quarter. Norden Group LLC lifted its holdings in shares of PepsiCo by 3,345.6% in the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after acquiring an additional 174,171 shares during the last quarter. M&G Plc lifted its holdings in shares of PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after acquiring an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora lifted its holdings in shares of PepsiCo by 32.7% in the 1st quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after acquiring an additional 5,737 shares during the last quarter. Finally, Koss Olinger Consulting LLC lifted its holdings in shares of PepsiCo by 1,320.5% in the 1st quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock worth $5,850,000 after acquiring an additional 31,072 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PEP shares. Jefferies Financial Group reduced their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.2 %

PEP stock opened at $171.79 on Friday. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The stock has a market capitalization of $236.17 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.25 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a fifty day moving average of $173.87 and a 200-day moving average of $172.23.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter last year, the business earned $2.25 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts expect 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.