F M Investments LLC Has $11.18 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

F M Investments LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,769 shares of the company’s stock after selling 25,587 shares during the period. F M Investments LLC’s holdings in PepsiCo were worth $11,184,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. StoneX Group Inc. lifted its stake in PepsiCo by 10.5% in the first quarter. StoneX Group Inc. now owns 22,745 shares of the company’s stock valued at $4,007,000 after buying an additional 2,159 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in shares of PepsiCo by 1.7% during the first quarter. Capital Investment Counsel Inc now owns 4,184 shares of the company’s stock worth $732,000 after acquiring an additional 68 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in PepsiCo by 270.9% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 15,426 shares of the company’s stock valued at $2,700,000 after acquiring an additional 11,267 shares in the last quarter. PDS Planning Inc increased its holdings in PepsiCo by 2.6% during the 1st quarter. PDS Planning Inc now owns 8,753 shares of the company’s stock worth $1,532,000 after purchasing an additional 224 shares in the last quarter. Finally, Palisade Asset Management LLC raised its stake in shares of PepsiCo by 3.9% in the 1st quarter. Palisade Asset Management LLC now owns 97,533 shares of the company’s stock valued at $17,069,000 after purchasing an additional 3,705 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Morgan Stanley lowered 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.92.

PepsiCo Trading Down 0.3 %

NASDAQ PEP traded down $0.49 during mid-day trading on Friday, reaching $165.59. 6,339,121 shares of the stock were exchanged, compared to its average volume of 5,464,888. The stock has a market cap of $227.19 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The stock has a 50 day simple moving average of $173.03 and a 200-day simple moving average of $172.19.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. On average, analysts anticipate 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.