Vigilare Wealth Management Sells 327 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vigilare Wealth Management lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the third quarter, Holdings Channel reports. The firm owned 6,210 shares of the company’s stock after selling 327 shares during the period. Vigilare Wealth Management’s holdings in PepsiCo were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its stake in PepsiCo by 7.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 14,286 shares of the company’s stock worth $2,471,000 after purchasing an additional 997 shares during the period. Phillips Wealth Planners LLC increased its stake in PepsiCo by 45.9% in the 3rd quarter. Phillips Wealth Planners LLC now owns 4,383 shares of the company’s stock worth $765,000 after purchasing an additional 1,379 shares during the period. Farther Finance Advisors LLC increased its stake in PepsiCo by 8.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 27,037 shares of the company’s stock worth $4,598,000 after purchasing an additional 2,153 shares during the period. Weatherly Asset Management L. P. grew its position in shares of PepsiCo by 19.4% in the 3rd quarter. Weatherly Asset Management L. P. now owns 5,957 shares of the company’s stock worth $1,013,000 after buying an additional 966 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its position in shares of PepsiCo by 0.4% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,764,545 shares of the company’s stock worth $300,061,000 after buying an additional 7,625 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. 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 report on Wednesday, October 9th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Stock Performance

NASDAQ PEP opened at $165.59 on Friday. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock has a 50-day moving average of $173.03 and a 200 day moving average of $172.19. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $227.19 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 3.10 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted 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 business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

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.