M. Kulyk & Associates LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,260 shares of the company's stock after selling 343 shares during the quarter. M. Kulyk & Associates LLC's holdings in PepsiCo were worth $695,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in PepsiCo by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company's stock worth $188,812,000 after acquiring an additional 286,169 shares during the last quarter. AMI Investment Management Inc. increased its position in PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company's stock worth $2,783,000 after purchasing an additional 113 shares in the last quarter. Mather Group LLC. raised its holdings in PepsiCo by 29.3% in the first quarter. Mather Group LLC. now owns 5,562 shares of the company's stock valued at $931,000 after buying an additional 1,262 shares during the period. Wsfs Capital Management LLC lifted its position in PepsiCo by 117.2% during the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company's stock valued at $501,000 after buying an additional 1,616 shares in the last quarter. Finally, Equitable Holdings Inc. increased its position in shares of PepsiCo by 8.5% in the first quarter. Equitable Holdings Inc. now owns 26,909 shares of the company's stock worth $4,504,000 after acquiring an additional 2,116 shares in the last quarter. 70.76% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock traded down $1.35 on Friday, reaching $168.87. The company's stock had a trading volume of 1,115,257 shares, compared to its average volume of 4,299,953. The firm has a fifty day moving average of $180.01 and a two-hundred day moving average of $175.94. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.92 and a quick ratio of 0.72. The company has a market capitalization of $232.65 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.57. PepsiCo, Inc. has a 52 week low of $153.37 and a 52 week high of $186.84.

PepsiCo Announces Dividend

Wall Street Analyst Weigh In

Several brokerages recently commented on PEP. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $186.00 and gave the company a "hold" rating in a report on Tuesday, December 6th. Argus raised their price target on shares of PepsiCo from $195.00 to $206.00 in a report on Wednesday, December 7th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $188.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, September 30th. StockNews.com raised shares of PepsiCo from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 20th. Finally, Redburn Partners started coverage on PepsiCo in a research report on Friday, November 4th. They set a "sell" rating and a $141.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Moderate Buy" and an average price target of $183.36.

PepsiCo Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

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