PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by MCF Advisors LLC

MCF Advisors LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 9,415 shares of the company’s stock after selling 156 shares during the period. MCF Advisors LLC’s holdings in PepsiCo were worth $1,601,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its position in PepsiCo by 0.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,113 shares of the company’s stock valued at $2,470,000 after buying an additional 128 shares in the last quarter. Vicus Capital boosted its position in PepsiCo by 28.9% in the 1st quarter. Vicus Capital now owns 3,576 shares of the company’s stock valued at $626,000 after buying an additional 802 shares during the last quarter. CRA Financial Services LLC grew its stake in shares of PepsiCo by 4.8% during the first quarter. CRA Financial Services LLC now owns 8,154 shares of the company’s stock valued at $1,427,000 after acquiring an additional 372 shares in the last quarter. Brown Miller Wealth Management LLC increased its position in shares of PepsiCo by 25.7% during the first quarter. Brown Miller Wealth Management LLC now owns 6,865 shares of the company’s stock worth $1,201,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new position in shares of PepsiCo in the first quarter worth about $340,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. DZ Bank lowered shares of 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. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Performance

Shares of PEP stock opened at $171.79 on Friday. The company has a market cap of $236.17 billion, a P/E ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53. The business has a 50 day moving average of $173.86 and a two-hundred day moving average of $172.26. 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 52 week low of $158.03 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted 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 firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo 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.