Donald L. Hagan LLC Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

Donald L. Hagan LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,099 shares of the company’s stock after selling 459 shares during the quarter. Donald L. Hagan LLC’s holdings in PepsiCo were worth $1,207,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PEP. Legal & General Group Plc lifted its holdings in PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after purchasing an additional 905,468 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in PepsiCo by 7.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock valued at $1,673,632,000 after acquiring an additional 700,092 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of PepsiCo by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after acquiring an additional 561,465 shares during the period. Ameriprise Financial Inc. grew its position in shares of PepsiCo by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock worth $846,030,000 after purchasing an additional 57,322 shares in the last quarter. Finally, Flossbach Von Storch AG raised its stake in PepsiCo by 67.2% during the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after purchasing an additional 1,832,385 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. 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 stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $183.92.

View Our Latest Stock Report on PEP

PepsiCo Trading Down 1.3 %

Shares of PepsiCo stock traded down $2.26 during trading on Wednesday, hitting $165.59. The stock had a trading volume of 893,738 shares, compared to its average volume of 5,435,981. The stock has a market cap of $227.19 billion, a PE ratio of 24.76, a PEG ratio of 3.09 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The firm’s fifty day simple moving average is $172.69 and its 200-day simple moving average is $172.16. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its 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. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

About PepsiCo

(Free Report)

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.

See Also

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