Capital International Investors lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,210,191 shares of the company’s stock after selling 1,159 shares during the quarter. Capital International Investors owned 0.09% of PepsiCo worth $135,299,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Prime Capital Investment Advisors LLC raised its position in shares of PepsiCo by 351.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock worth $101,000 after acquiring an additional 703 shares in the last quarter. WealthTrust Arizona LLC raised its position in shares of PepsiCo by 268.7% in the 3rd quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock worth $124,000 after acquiring an additional 806 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of PepsiCo by 196.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,119 shares of the company’s stock worth $125,000 after acquiring an additional 741 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $127,000. Finally, Fort L.P. bought a new position in shares of PepsiCo in the 2nd quarter worth $125,000. Institutional investors own 72.59% of the company’s stock.
PepsiCo stock opened at $112.97 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. The stock has a market cap of $159.56 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.78 and a beta of 0.62. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.00.
Several research analysts have recently commented on the company. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a research note on Wednesday, November 14th. BidaskClub upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 12th. Finally, UBS Group initiated coverage on PepsiCo in a research note on Thursday, December 13th. They set a “neutral” rating and a $123.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.12.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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