Academy Capital Management Inc. TX cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,834 shares of the company’s stock after selling 367 shares during the period. PepsiCo accounts for 2.2% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 20th largest holding. Academy Capital Management Inc. TX’s holdings in PepsiCo were worth $9,716,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Personal Wealth Partners purchased a new position in shares of PepsiCo in the 2nd quarter valued at $25,000. Krane Funds Advisors LLC purchased a new position in PepsiCo during the 2nd quarter worth $25,000. Evolution Wealth Advisors LLC purchased a new position in PepsiCo during the 2nd quarter worth $27,000. Financial Advantage Inc. purchased a new position in PepsiCo during the 2nd quarter worth $28,000. Finally, Vista Private Wealth Partners. LLC purchased a new position in PepsiCo during the 3rd quarter worth $36,000. 71.70% of the stock is currently owned by institutional investors.

Shares of NASDAQ PEP opened at $133.13 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 52 week low of $105.03 and a 52 week high of $140.45. The firm has a 50-day moving average price of $136.50 and a 200 day moving average price of $132.56. The stock has a market capitalization of $186.87 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last announced 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 firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter last year, the business earned $1.59 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.

Several research analysts have issued reports on PEP shares. Atlantic Securities started coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective on the stock. Citigroup raised their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the stock a “hold” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley reissued a “buy” rating and set a $154.00 price objective on shares of PepsiCo in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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