Watch Point Trust Co reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,434 shares of the company’s stock after selling 621 shares during the period. PepsiCo comprises 1.9% of Watch Point Trust Co’s holdings, making the stock its 25th biggest position. Watch Point Trust Co’s holdings in PepsiCo were worth $3,624,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barber Financial Group Inc. boosted its holdings in PepsiCo by 11.0% during the third quarter. Barber Financial Group Inc. now owns 3,214 shares of the company’s stock worth $439,000 after buying an additional 318 shares in the last quarter. Doliver Advisors LP purchased a new stake in PepsiCo during the third quarter worth $332,000. Arthur M. Cohen & Associates LLC boosted its holdings in PepsiCo by 2.3% during the third quarter. Arthur M. Cohen & Associates LLC now owns 11,180 shares of the company’s stock worth $1,633,000 after buying an additional 247 shares in the last quarter. Gamble Jones Investment Counsel boosted its holdings in PepsiCo by 1.3% during the third quarter. Gamble Jones Investment Counsel now owns 114,711 shares of the company’s stock worth $15,727,000 after buying an additional 1,474 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC boosted its holdings in PepsiCo by 10.7% during the third quarter. Bingham Osborn & Scarborough LLC now owns 8,446 shares of the company’s stock worth $1,158,000 after buying an additional 816 shares in the last quarter. 71.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ PEP traded down $0.19 during mid-day trading on Friday, reaching $133.13. The company’s stock had a trading volume of 2,603,900 shares, compared to its average volume of 4,495,963. The stock has a 50-day moving average of $136.50 and a two-hundred day moving average of $132.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. PepsiCo, Inc. has a 1-year low of $105.03 and a 1-year high of $140.45. The stock has a market capitalization of $186.87 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.48 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The business had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.93 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

A number of brokerages recently issued reports on PEP. Guggenheim set a $130.00 price target on shares of PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. set a $154.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a report on Thursday, October 3rd. ValuEngine downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $133.00 price target (up from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $135.53.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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