Joel Isaacson & Co. LLC Sells 1,192 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Joel Isaacson & Co. LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,786 shares of the company’s stock after selling 1,192 shares during the period. Joel Isaacson & Co. LLC’s holdings in PepsiCo were worth $2,514,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PEP. Occidental Asset Management LLC increased its holdings in PepsiCo by 1,200.1% during the first quarter. Occidental Asset Management LLC now owns 18,163 shares of the company’s stock valued at $3,179,000 after buying an additional 16,766 shares during the period. Weaver Consulting Group grew its holdings in PepsiCo by 5.0% in the first quarter. Weaver Consulting Group now owns 2,732 shares of the company’s stock worth $478,000 after purchasing an additional 131 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in PepsiCo by 1.8% in the first quarter. Toth Financial Advisory Corp now owns 56,959 shares of the company’s stock worth $9,968,000 after purchasing an additional 989 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of PepsiCo by 3.7% during the first quarter. MCF Advisors LLC now owns 9,227 shares of the company’s stock valued at $1,623,000 after buying an additional 332 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of PepsiCo by 0.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,113 shares of the company’s stock valued at $2,470,000 after buying an additional 128 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Down 0.2 %

PEP stock opened at $171.79 on Friday. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The stock has a market capitalization of $236.17 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.25 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. The firm has a 50-day simple moving average of $173.87 and a 200-day simple moving average of $172.23.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the prior year, the company earned $2.25 EPS. PepsiCo’s revenue was down .6% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

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.