Arlington Trust Co LLC Lowers Position in PepsiCo, Inc. (NASDAQ:PEP)

Arlington Trust Co LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,699 shares of the company’s stock after selling 481 shares during the period. Arlington Trust Co LLC’s holdings in PepsiCo were worth $799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. StoneX Group Inc. lifted its stake in PepsiCo by 10.5% in the first quarter. StoneX Group Inc. now owns 22,745 shares of the company’s stock worth $4,007,000 after purchasing an additional 2,159 shares during the last quarter. Capital Investment Counsel Inc increased its stake in shares of PepsiCo by 1.7% during the first quarter. Capital Investment Counsel Inc now owns 4,184 shares of the company’s stock valued at $732,000 after buying an additional 68 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in PepsiCo by 270.9% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 15,426 shares of the company’s stock worth $2,700,000 after purchasing an additional 11,267 shares in the last quarter. PDS Planning Inc lifted its position in shares of PepsiCo by 2.6% in the 1st quarter. PDS Planning Inc now owns 8,753 shares of the company’s stock worth $1,532,000 after purchasing an additional 224 shares during the period. Finally, Palisade Asset Management LLC lifted its holdings in PepsiCo by 3.9% in the first quarter. Palisade Asset Management LLC now owns 97,533 shares of the company’s stock worth $17,069,000 after buying an additional 3,705 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. JPMorgan Chase & Co. cut their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Performance

PEP traded down $0.49 during mid-day trading on Friday, reaching $165.59. 6,339,121 shares of the company traded hands, compared to its average volume of 5,464,888. The company’s fifty day moving average price is $173.03 and its 200-day moving average price is $172.19. The stock has a market capitalization of $227.19 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.10 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

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