Arcadia Investment Management Corp MI Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Arcadia Investment Management Corp MI cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 48.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,735 shares of the company’s stock after selling 3,521 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in PepsiCo were worth $635,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter worth about $28,000. POM Investment Strategies LLC increased its stake in shares of PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of PepsiCo in the 2nd quarter worth about $30,000. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo in the 2nd quarter worth about $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.3 %

Shares of PEP stock opened at $165.59 on Friday. The stock has a market capitalization of $227.19 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.09 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average is $173.03 and its 200 day moving average is $172.23. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41.

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

Analysts Set New Price Targets

PEP has been the subject of several research reports. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. Jefferies Financial Group decreased their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo 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.