Unigestion Holding SA Sells 72,958 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Unigestion Holding SA lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 344,035 shares of the company’s stock after selling 72,958 shares during the period. PepsiCo accounts for about 1.3% of Unigestion Holding SA’s investment portfolio, making the stock its 25th largest holding. Unigestion Holding SA’s holdings in PepsiCo were worth $47,167,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Personal Wealth Partners bought a new position in PepsiCo during the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC purchased a new stake in PepsiCo during the 2nd quarter valued at $25,000. Evolution Wealth Advisors LLC purchased a new stake in PepsiCo during the 2nd quarter valued at $27,000. Financial Advantage Inc. purchased a new stake in PepsiCo during the 2nd quarter valued at $28,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $36,000. 71.70% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the company. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the company a “buy” rating in a research note on Thursday, October 3rd. BidaskClub downgraded PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday. Morgan Stanley reiterated a “buy” rating and set a $154.00 target price on shares of PepsiCo in a research note on Tuesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and set a $133.00 target price (up from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. Finally, Credit Suisse Group increased their target price on PepsiCo from $117.00 to $126.00 and gave the company an “underperform” rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus target price of $135.53.

Shares of PEP stock traded down $0.19 on Friday, reaching $133.13. The stock had a trading volume of 2,603,847 shares, compared to its average volume of 4,495,962. The stock has a market cap of $186.87 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.48 and a beta of 0.56. PepsiCo, Inc. has a 1 year low of $105.03 and a 1 year high of $140.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The company has a 50 day simple moving average of $136.56 and a 200 day simple moving average of $132.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Analyzing a company’s cash flow statement

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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