Platform Technology Partners Has $2.93 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Platform Technology Partners reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,206 shares of the company’s stock after selling 239 shares during the quarter. PepsiCo accounts for approximately 0.9% of Platform Technology Partners’ portfolio, making the stock its 24th largest position. Platform Technology Partners’ holdings in PepsiCo were worth $2,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PEP. Edmond DE Rothschild Holding S.A. raised its holdings in PepsiCo by 2.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 52,979 shares of the company’s stock worth $9,272,000 after purchasing an additional 1,355 shares during the period. William Allan Corp increased its position in shares of PepsiCo by 2.5% in the 1st quarter. William Allan Corp now owns 12,464 shares of the company’s stock valued at $2,181,000 after buying an additional 302 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in PepsiCo by 14.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 23,319 shares of the company’s stock worth $4,081,000 after buying an additional 2,958 shares during the period. Miramar Capital LLC lifted its holdings in PepsiCo by 2.8% during the first quarter. Miramar Capital LLC now owns 105,763 shares of the company’s stock worth $18,828,000 after acquiring an additional 2,892 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. increased its holdings in shares of PepsiCo by 1.0% in the first quarter. Pettyjohn Wood & White Inc. now owns 62,746 shares of the company’s stock worth $10,981,000 after acquiring an additional 611 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Barclays decreased their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report 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, the company has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Down 0.5 %

Shares of PepsiCo stock opened at $164.26 on Tuesday. The stock has a market cap of $225.36 billion, a P/E ratio of 24.23, a P/E/G ratio of 3.08 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The business’s 50 day moving average is $172.02 and its 200-day moving average is $171.85.

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. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. Equities research analysts predict 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.