PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,107 shares of the company’s stock after selling 129 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in PepsiCo were worth $1,379,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its stake in PepsiCo by 3.6% during the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares during the last quarter. Norden Group LLC boosted its holdings in PepsiCo by 3,345.6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after buying an additional 174,171 shares in the last quarter. M&G Plc boosted its stake in PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after purchasing an additional 14,724 shares during the period. OLD Second National Bank of Aurora lifted its holdings in shares of PepsiCo by 32.7% in the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock valued at $4,079,000 after purchasing an additional 5,737 shares in the last quarter. Finally, Koss Olinger Consulting LLC raised its position in PepsiCo by 1,320.5% during the first quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock valued at $5,850,000 after acquiring an additional 31,072 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Performance

PEP opened at $171.79 on Friday. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The firm has a market capitalization of $236.17 billion, a PE ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53. The business’s 50-day simple moving average is $173.87 and its 200 day simple moving average is $172.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

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.