Starfire Investment Advisers Inc. Sells 200 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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Starfire Investment Advisers Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,254 shares of the company’s stock after selling 200 shares during the quarter. Starfire Investment Advisers Inc.’s holdings in PepsiCo were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. West Oak Capital LLC increased its stake in PepsiCo by 0.5% in the 3rd quarter. West Oak Capital LLC now owns 15,230 shares of the company’s stock worth $2,088,000 after acquiring an additional 75 shares during the last quarter. Stillwater Investment Management LLC increased its stake in PepsiCo by 0.5% in the 3rd quarter. Stillwater Investment Management LLC now owns 15,219 shares of the company’s stock worth $2,086,000 after acquiring an additional 79 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its stake in PepsiCo by 18.8% in the 2nd quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock worth $66,000 after acquiring an additional 80 shares during the last quarter. Sigma Investment Counselors Inc. increased its stake in PepsiCo by 2.5% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after acquiring an additional 82 shares during the last quarter. Finally, Alera Investment Advisors LLC increased its stake in PepsiCo by 3.5% in the 2nd quarter. Alera Investment Advisors LLC now owns 2,471 shares of the company’s stock worth $324,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 71.67% of the company’s stock.

In related news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.28% of the company’s stock.

A number of research firms have issued reports on PEP. Bank of America lifted their price objective on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $133.00 price objective (up previously from $128.00) on shares of PepsiCo in a research note on Friday, October 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. Finally, Cowen lifted their price objective on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $135.53.

Shares of PEP stock traded up $0.18 during mid-day trading on Tuesday, hitting $137.63. The stock had a trading volume of 21,671 shares, compared to its average volume of 4,259,447. PepsiCo, Inc. has a 12-month low of $105.03 and a 12-month high of $140.45. The firm has a market capitalization of $191.93 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.58 and a beta of 0.56. The firm’s 50-day moving average is $136.39 and its two-hundred day moving average is $130.91. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.06. The firm had revenue of $17.19 billion during the quarter, compared to analyst estimates of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. Analysts expect that PepsiCo, Inc. will post 5.5 EPS for the current 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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