Aspiriant LLC Sells 619 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Aspiriant LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,986 shares of the company’s stock after selling 619 shares during the period. Aspiriant LLC’s holdings in PepsiCo were worth $3,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Bath Savings Trust Co boosted its stake in PepsiCo by 5.6% during the 2nd quarter. Bath Savings Trust Co now owns 30,160 shares of the company’s stock valued at $3,955,000 after purchasing an additional 1,593 shares during the period. First Financial Bank Trust Division boosted its stake in PepsiCo by 1.2% during the 2nd quarter. First Financial Bank Trust Division now owns 83,155 shares of the company’s stock valued at $10,904,000 after purchasing an additional 969 shares during the period. Private Trust Co. NA boosted its stake in PepsiCo by 0.4% during the 2nd quarter. Private Trust Co. NA now owns 41,099 shares of the company’s stock valued at $5,389,000 after purchasing an additional 163 shares during the period. Baystate Wealth Management LLC boosted its stake in PepsiCo by 3.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 4,385 shares of the company’s stock valued at $578,000 after purchasing an additional 156 shares during the period. Finally, Deane Retirement Strategies Inc. boosted its stake in PepsiCo by 1.3% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 19,303 shares of the company’s stock valued at $2,531,000 after purchasing an additional 247 shares during the period. Institutional investors own 71.70% of the company’s stock.

PepsiCo stock opened at $133.32 on Friday. The business has a 50 day moving average price of $136.56 and a two-hundred day moving average price of $132.53. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.08. The stock has a market cap of $186.87 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56. PepsiCo, Inc. has a 12 month low of $105.03 and a 12 month high of $140.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS. On average, analysts expect that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

Several brokerages recently weighed in on PEP. Guggenheim set a $130.00 target price on PepsiCo and gave the company a “hold” rating in a research note on Thursday, September 26th. BMO Capital Markets restated a “market perform” rating and set a $133.00 target price (up previously from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Atlantic Securities began coverage on PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 target price for the company. Citigroup increased their target price on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Morgan Stanley restated a “buy” rating and set a $154.00 target price on shares of PepsiCo in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average target price of $135.53.

PepsiCo 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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