PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by St. Louis Trust Co

St. Louis Trust Co lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,527 shares of the company’s stock after selling 1,051 shares during the quarter. St. Louis Trust Co’s holdings in PepsiCo were worth $770,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after acquiring an additional 8,406 shares during the period. M&G Plc grew its position 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 last quarter. Pinnacle Financial Partners Inc increased its stake 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 purchasing an additional 4,547 shares during the period. Fiduciary Family Office LLC boosted its position in shares of PepsiCo by 119.6% during the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock worth $1,164,000 after buying an additional 3,727 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in PepsiCo by 4.6% in the 3rd quarter. Empower Advisory Group LLC now owns 378,902 shares of the company’s stock worth $64,432,000 after buying an additional 16,523 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2 %

PEP stock opened at $158.33 on Tuesday. 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 firm has a market capitalization of $217.23 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $157.76 and a 52-week high of $183.41. The company’s 50 day simple moving average is $170.42 and its 200-day simple moving average is $171.38.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Bank of America cut their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Barclays decreased their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently 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.