PepsiCo, Inc. $PEP Shares Sold by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,674 shares of the company’s stock after selling 3,711 shares during the period. Bulltick Wealth Management LLC’s holdings in PepsiCo were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth $25,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC raised its stake 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 acquiring an additional 122 shares during the period. Investment Research & Advisory Group Inc. raised its position in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the second quarter valued at $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.85 on Monday. The stock has a market cap of $199.43 billion, a P/E ratio of 27.73, a P/E/G ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13. The stock has a 50 day moving average of $144.95 and a two-hundred day moving average of $140.06. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm posted $2.31 EPS. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Citigroup dropped their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Bank of America upped their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $156.95.

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.