Arbor Trust Wealth Advisors LLC Cuts Stock Position in PepsiCo, Inc. $PEP

Arbor Trust Wealth Advisors LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,846 shares of the company’s stock after selling 451 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in PepsiCo were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at about $29,000. Frazier Financial Advisors LLC raised its position in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in PepsiCo in the 2nd quarter worth approximately $45,000. Finally, Investment Research & Advisory Group Inc. grew its position in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Barclays lifted their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Finally, Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 1.0%

Shares of PepsiCo stock opened at $142.95 on Friday. The firm has a 50-day simple moving average of $145.31 and a two-hundred day simple moving average of $139.73. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $166.88. The company has a market cap of $195.46 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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.