Huntington National Bank Has $77.10 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Huntington National Bank cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 453,417 shares of the company’s stock after selling 21,305 shares during the period. Huntington National Bank’s holdings in PepsiCo were worth $77,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G Plc increased its stake in PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares in the last quarter. Fiduciary Family Office LLC increased its stake in PepsiCo by 119.6% in the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,727 shares in the last quarter. GFS Advisors LLC boosted its holdings in shares of PepsiCo by 13,209.4% in the third quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock valued at $12,290,000 after buying an additional 71,727 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in shares of PepsiCo by 3.5% in the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after buying an additional 4,547 shares during the period. Finally, WoodTrust Financial Corp boosted its holdings in shares of PepsiCo by 5.7% in the third quarter. WoodTrust Financial Corp now owns 64,341 shares of the company’s stock valued at $10,941,000 after buying an additional 3,465 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2 %

NASDAQ:PEP opened at $164.74 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The firm’s 50 day simple moving average is $171.75 and its 200 day simple moving average is $171.77. The company has a market cap of $226.02 billion, a PE ratio of 24.30, a P/E/G ratio of 3.06 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 (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.25 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target 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.