Strategic Blueprint LLC Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Strategic Blueprint LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 15,045 shares of the company’s stock after selling 1,550 shares during the quarter. Strategic Blueprint LLC’s holdings in PepsiCo were worth $2,558,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. POM Investment Strategies LLC increased its position in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in PepsiCo in the 2nd quarter valued at about $30,000. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $34,000. Finally, New Millennium Group LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $42,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.4 %

Shares of PEP opened at $167.50 on Wednesday. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The stock’s 50-day moving average is $173.61 and its two-hundred day moving average is $172.29. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $230.28 billion, a PE ratio of 24.31, a P/E/G ratio of 3.20 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.92.

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.