Centennial Bank AR Sells 146 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Centennial Bank AR decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,940 shares of the company’s stock after selling 146 shares during the period. Centennial Bank AR’s holdings in PepsiCo were worth $840,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cortland Associates Inc. MO lifted its position in PepsiCo by 31.8% during the 3rd quarter. Cortland Associates Inc. MO now owns 2,257 shares of the company’s stock valued at $384,000 after acquiring an additional 545 shares during the period. Donaldson Capital Management LLC lifted its position in PepsiCo by 1.2% during the 3rd quarter. Donaldson Capital Management LLC now owns 185,043 shares of the company’s stock valued at $31,467,000 after acquiring an additional 2,155 shares during the period. Blue Square Asset Management LLC raised its holdings in PepsiCo by 2.4% in the third quarter. Blue Square Asset Management LLC now owns 9,010 shares of the company’s stock worth $1,532,000 after buying an additional 210 shares during the last quarter. Lansing Street Advisors raised its holdings in PepsiCo by 6.7% in the third quarter. Lansing Street Advisors now owns 1,635 shares of the company’s stock worth $278,000 after buying an additional 103 shares during the last quarter. Finally, Nvwm LLC raised its holdings in PepsiCo by 2.5% in the third quarter. Nvwm LLC now owns 8,649 shares of the company’s stock worth $1,471,000 after buying an additional 210 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $165.59 on Monday. The firm has a market capitalization of $227.19 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The firm has a 50 day moving average of $173.03 and a 200 day moving average of $172.25. 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 (NASDAQ:PEP) last released its quarterly 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. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on PEP shares. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group reduced their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $183.92.

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.