PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Curi RMB Capital LLC

Curi RMB Capital LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,534 shares of the company’s stock after selling 12,601 shares during the period. Curi RMB Capital LLC’s holdings in PepsiCo were worth $21,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. M&G Plc lifted its position in PepsiCo by 3.6% in the second 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 period. Fiduciary Family Office LLC lifted its holdings in shares of 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 buying an additional 3,727 shares during the period. GFS Advisors LLC grew its holdings in PepsiCo by 13,209.4% during the third quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock worth $12,290,000 after acquiring an additional 71,727 shares during the period. Pinnacle Financial Partners Inc raised its position in PepsiCo by 3.5% in the third quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock worth $23,013,000 after acquiring an additional 4,547 shares in the last quarter. Finally, WoodTrust Financial Corp lifted its holdings in PepsiCo by 5.7% in the 3rd quarter. WoodTrust Financial Corp now owns 64,341 shares of the company’s stock valued at $10,941,000 after acquiring an additional 3,465 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $164.74 on Thursday. The company has a market cap of $226.02 billion, a P/E ratio of 24.30, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The company has a fifty day simple moving average of $171.48 and a 200 day simple moving average of $171.72.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping 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 period in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on PEP shares. Bank of America cut 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. reduced their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating 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’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus 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.