OneDigital Investment Advisors LLC Has $9.27 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

OneDigital Investment Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the third quarter, HoldingsChannel.com reports. The firm owned 54,511 shares of the company’s stock after selling 1,926 shares during the period. OneDigital Investment Advisors LLC’s holdings in PepsiCo were worth $9,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Sargent Investment Group LLC grew its position in shares of PepsiCo by 5.9% in the 3rd quarter. Sargent Investment Group LLC now owns 5,937 shares of the company’s stock valued at $1,010,000 after buying an additional 332 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in shares of PepsiCo by 3.3% in the third quarter. Lifeworks Advisors LLC now owns 11,436 shares of the company’s stock worth $1,945,000 after acquiring an additional 367 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in PepsiCo by 2.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 6,156 shares of the company’s stock valued at $1,047,000 after acquiring an additional 131 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in PepsiCo by 6.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 37,237 shares of the company’s stock valued at $6,332,000 after purchasing an additional 2,341 shares during the period. Finally, Metis Global Partners LLC raised its holdings in PepsiCo by 0.6% during the 3rd quarter. Metis Global Partners LLC now owns 66,372 shares of the company’s stock worth $11,287,000 after purchasing an additional 426 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2 %

PepsiCo stock opened at $165.15 on Friday. The firm has a market capitalization of $226.58 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The firm’s fifty day moving average price is $171.48 and its two-hundred day moving average price is $171.72. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $183.92.

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.