PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,098 shares of the company’s stock after selling 96 shares during the quarter. PepsiCo comprises about 1.6% of Schulhoff & Co. Inc.’s holdings, making the stock its 17th largest position. Schulhoff & Co. Inc.’s holdings in PepsiCo were worth $3,758,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PEP. TBH Global Asset Management LLC purchased a new stake in PepsiCo in the first quarter valued at approximately $317,000. Leo Wealth LLC grew its stake in shares of PepsiCo by 13.6% during the 1st quarter. Leo Wealth LLC now owns 3,997 shares of the company’s stock valued at $696,000 after buying an additional 480 shares during the period. Trillium Asset Management LLC increased its holdings in shares of PepsiCo by 5.5% during the 1st quarter. Trillium Asset Management LLC now owns 3,370 shares of the company’s stock worth $590,000 after buying an additional 177 shares during the last quarter. Brighton Jones LLC boosted its holdings in PepsiCo by 5.2% in the first quarter. Brighton Jones LLC now owns 26,151 shares of the company’s stock valued at $4,577,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Cumberland Partners Ltd grew its position in PepsiCo by 6.3% during the first quarter. Cumberland Partners Ltd now owns 13,342 shares of the company’s stock valued at $2,335,000 after acquiring an additional 792 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada cut their target price 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. DZ Bank downgraded 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. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Stock Performance

Shares of PEP opened at $164.74 on Thursday. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market cap of $226.02 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.06 and a beta of 0.53. The business’s 50 day moving average is $171.48 and its two-hundred day moving average is $171.72.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm 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%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 EPS. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS 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.