1834 Investment Advisors Co. Has $1.07 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

1834 Investment Advisors Co. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,286 shares of the company’s stock after selling 568 shares during the quarter. 1834 Investment Advisors Co.’s holdings in PepsiCo were worth $1,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wisconsin Capital Management LLC boosted its holdings in PepsiCo by 2.7% during the third quarter. Wisconsin Capital Management LLC now owns 13,360 shares of the company’s stock worth $2,272,000 after purchasing an additional 350 shares during the last quarter. Balentine LLC boosted its stake in shares of PepsiCo by 34.3% in the 3rd quarter. Balentine LLC now owns 9,384 shares of the company’s stock worth $1,596,000 after buying an additional 2,399 shares during the last quarter. HF Advisory Group LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $403,000. Fiduciary Family Office LLC increased 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 valued at $1,164,000 after acquiring an additional 3,727 shares during the last quarter. Finally, Austin Private Wealth LLC lifted its holdings in PepsiCo by 2.5% during the third quarter. Austin Private Wealth LLC now owns 4,003 shares of the company’s stock worth $681,000 after acquiring an additional 97 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.9 %

PEP opened at $167.85 on Wednesday. The firm has a market capitalization of $230.29 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.53. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41. The company has a fifty day moving average price of $172.69 and a 200-day moving average price of $172.16. 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 (NASDAQ:PEP) last issued 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 firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PEP shares. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Jefferies Financial Group lowered their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.