Colonial River Investments LLC Has $752,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Colonial River Investments LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 60.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,425 shares of the company’s stock after selling 6,886 shares during the period. Colonial River Investments LLC’s holdings in PepsiCo were worth $752,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. M&G Plc increased its position in PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares during the period. Fiduciary Family Office LLC grew its stake 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 worth $1,164,000 after purchasing an additional 3,727 shares during the last quarter. GFS Advisors LLC increased its holdings in 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 purchasing an additional 71,727 shares during the period. Nisa Investment Advisors LLC raised its position in PepsiCo by 0.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock worth $63,853,000 after purchasing an additional 2,976 shares during the last quarter. Finally, Viking Fund Management LLC lifted its holdings in PepsiCo by 8.2% during the 3rd quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock worth $11,223,000 after buying an additional 5,000 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a report on Friday, July 19th. Royal Bank of Canada reduced their price objective 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. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research report on Friday, September 20th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Up 0.7 %

Shares of PepsiCo stock opened at $165.11 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The stock has a 50 day moving average price of $172.19 and a two-hundred day moving average price of $171.97. The stock has a market capitalization of $226.53 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

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

About PepsiCo

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.