PepsiCo, Inc. (NASDAQ:PEP) Stake Trimmed by Hollencrest Capital Management

Hollencrest Capital Management lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,835 shares of the company’s stock after selling 306 shares during the quarter. Hollencrest Capital Management’s holdings in PepsiCo were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. ABLE Financial Group LLC increased its stake in PepsiCo by 1.2% in the 3rd quarter. ABLE Financial Group LLC now owns 6,657 shares of the company’s stock worth $1,132,000 after purchasing an additional 81 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in PepsiCo during the 3rd quarter worth about $83,000. Philip James Wealth Mangement LLC acquired a new stake in PepsiCo during the 3rd quarter worth about $1,450,000. Stiles Financial Services Inc boosted its position in PepsiCo by 6.4% during the 3rd quarter. Stiles Financial Services Inc now owns 11,104 shares of the company’s stock worth $1,888,000 after acquiring an additional 672 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its position in PepsiCo by 1.3% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,646 shares of the company’s stock worth $1,470,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP traded up $1.25 on Friday, hitting $165.25. The company had a trading volume of 834,074 shares, compared to its average volume of 5,446,355. The company’s fifty day moving average price is $172.50 and its 200 day moving average price is $172.11. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $226.72 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm 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 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. decreased 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. Royal Bank of Canada decreased 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. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.