First Heartland Consultants Inc. Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First Heartland Consultants Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 64.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the company’s stock after selling 8,270 shares during the quarter. First Heartland Consultants Inc.’s holdings in PepsiCo were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. TBH Global Asset Management LLC purchased a new position in shares of PepsiCo in the 1st quarter worth about $317,000. Kingsview Wealth Management LLC raised its position in shares of PepsiCo by 10.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 106,271 shares of the company’s stock worth $18,599,000 after purchasing an additional 10,201 shares during the last quarter. Wilkins Investment Counsel Inc. raised its position in shares of PepsiCo by 45.8% in the 1st quarter. Wilkins Investment Counsel Inc. now owns 86,612 shares of the company’s stock worth $15,158,000 after purchasing an additional 27,223 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of PepsiCo by 8.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 113,105 shares of the company’s stock worth $19,794,000 after purchasing an additional 8,612 shares during the last quarter. Finally, Private Portfolio Partners LLC raised its position in shares of PepsiCo by 5.4% in the 1st quarter. Private Portfolio Partners LLC now owns 3,551 shares of the company’s stock worth $621,000 after purchasing an additional 182 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $164.34 on Wednesday. The stock’s fifty day moving average price is $172.02 and its 200-day moving average price is $171.85. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. 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 firm has a market cap of $225.47 billion, a P/E ratio of 24.24, a P/E/G ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.86 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Royal Bank of Canada decreased their target price 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. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.