Gulf International Bank UK Ltd Sells 4,836 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Gulf International Bank UK Ltd lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,070 shares of the company’s stock after selling 4,836 shares during the quarter. Gulf International Bank UK Ltd’s holdings in PepsiCo were worth $18,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Moloney Securities Asset Management LLC lifted its position in shares of PepsiCo by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 17,477 shares of the company’s stock valued at $2,972,000 after buying an additional 895 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in PepsiCo by 205.1% during the third quarter. Catalyst Capital Advisors LLC now owns 4,055 shares of the company’s stock valued at $690,000 after purchasing an additional 2,726 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its position in PepsiCo by 12.5% during the third quarter. Quintet Private Bank Europe S.A. now owns 29,396 shares of the company’s stock worth $4,999,000 after purchasing an additional 3,272 shares during the period. QRG Capital Management Inc. increased its stake in shares of PepsiCo by 1.2% in the third quarter. QRG Capital Management Inc. now owns 174,630 shares of the company’s stock worth $29,696,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of PepsiCo by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 618,318 shares of the company’s stock valued at $105,145,000 after buying an additional 3,591 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $166.34 on Tuesday. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The firm has a market cap of $228.22 billion, a P/E ratio of 24.53, a P/E/G ratio of 3.09 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average of $172.84 and a 200-day moving average of $172.20.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday. 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 research report on Friday, July 19th. JPMorgan Chase & Co. decreased their target price 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, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $183.92.

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.