HS Management Partners LLC Sells 151,019 Shares of PepsiCo, Inc. (NASDAQ:PEP)

HS Management Partners LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 25.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,856 shares of the company’s stock after selling 151,019 shares during the period. PepsiCo accounts for approximately 4.9% of HS Management Partners LLC’s investment portfolio, making the stock its 10th biggest position. HS Management Partners LLC’s holdings in PepsiCo were worth $76,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Donaldson Capital Management LLC boosted its position in shares of PepsiCo by 1.2% in the third quarter. Donaldson Capital Management LLC now owns 185,043 shares of the company’s stock valued at $31,467,000 after acquiring an additional 2,155 shares during the period. Blue Square Asset Management LLC lifted its position in PepsiCo by 2.4% during the third quarter. Blue Square Asset Management LLC now owns 9,010 shares of the company’s stock worth $1,532,000 after purchasing an additional 210 shares during the period. Lansing Street Advisors lifted its position in PepsiCo by 6.7% during the third quarter. Lansing Street Advisors now owns 1,635 shares of the company’s stock worth $278,000 after purchasing an additional 103 shares during the period. Nvwm LLC lifted its position in PepsiCo by 2.5% during the third quarter. Nvwm LLC now owns 8,649 shares of the company’s stock worth $1,471,000 after purchasing an additional 210 shares during the period. Finally, Angeles Wealth Management LLC lifted its position in PepsiCo by 4.7% during the third quarter. Angeles Wealth Management LLC now owns 14,134 shares of the company’s stock worth $2,403,000 after purchasing an additional 639 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on PEP shares. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada lowered their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Finally, Barclays lowered their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.3 %

PepsiCo stock opened at $165.59 on Monday. The firm has a 50 day moving average price of $173.03 and a two-hundred day moving average price of $172.25. The firm has a market cap of $227.19 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.09 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. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Company 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.