Sequoia Financial Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,940 shares of the company’s stock after selling 537 shares during the period. Sequoia Financial Advisors LLC’s holdings in PepsiCo were worth $2,933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates grew its stake in PepsiCo by 1.8% during the second quarter. Raymond James & Associates now owns 2,116,453 shares of the company’s stock worth $230,418,000 after buying an additional 36,493 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in PepsiCo by 13.2% during the second quarter. Epoch Investment Partners Inc. now owns 1,321,024 shares of the company’s stock worth $143,819,000 after buying an additional 154,412 shares in the last quarter. Lcnb Corp grew its stake in PepsiCo by 8.2% during the second quarter. Lcnb Corp now owns 16,162 shares of the company’s stock worth $1,760,000 after buying an additional 1,227 shares in the last quarter. Monetary Management Group Inc. grew its stake in PepsiCo by 37.5% during the second quarter. Monetary Management Group Inc. now owns 28,750 shares of the company’s stock worth $3,130,000 after buying an additional 7,840 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its stake in PepsiCo by 20.8% during the second quarter. Tocqueville Asset Management L.P. now owns 307,450 shares of the company’s stock worth $33,472,000 after buying an additional 52,910 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

PEP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley reduced their price objective on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. SunTrust Banks increased their price objective on shares of PepsiCo to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. BidaskClub upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Deutsche Bank reduced their price objective on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. PepsiCo currently has an average rating of “Hold” and an average target price of $117.89.

In related news, CEO Mike Spanos sold 20,074 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the transaction, the chief executive officer now owns 35,520 shares in the company, valued at approximately $3,993,158.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 168,295 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the completion of the transaction, the executive vice president now owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,893 shares of company stock worth $22,663,157. 0.27% of the stock is currently owned by corporate insiders.

PEP opened at $117.48 on Friday. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31. The company has a market capitalization of $163.19 billion, a PE ratio of 21.14, a P/E/G ratio of 2.89 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The company had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. During the same period last year, the company posted $1.48 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

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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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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