Port Capital LLC Reduces Position in PepsiCo, Inc. (PEP)

Port Capital LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,765 shares of the company’s stock after selling 1,849 shares during the quarter. Port Capital LLC’s holdings in PepsiCo were worth $756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Marietta Wealth Management LLC grew its holdings in PepsiCo by 2.3% in the 3rd quarter. Marietta Wealth Management LLC now owns 19,377 shares of the company’s stock valued at $2,166,000 after buying an additional 429 shares in the last quarter. Bridgeworth LLC grew its holdings in PepsiCo by 19.9% in the 3rd quarter. Bridgeworth LLC now owns 2,618 shares of the company’s stock valued at $215,000 after buying an additional 435 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in PepsiCo by 19.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,740 shares of the company’s stock valued at $306,000 after buying an additional 450 shares in the last quarter. Hanson McClain Inc. grew its holdings in PepsiCo by 9.8% in the 3rd quarter. Hanson McClain Inc. now owns 5,166 shares of the company’s stock valued at $578,000 after buying an additional 460 shares in the last quarter. Finally, Stewardship Financial Advisors LLC grew its holdings in PepsiCo by 2.6% in the 2nd quarter. Stewardship Financial Advisors LLC now owns 18,853 shares of the company’s stock valued at $2,053,000 after buying an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 72.59% of the company’s stock.

Several brokerages have issued reports on PEP. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.12.

Shares of PepsiCo stock opened at $113.02 on Monday. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.00. The firm has a market capitalization of $159.53 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.78 and a beta of 0.62. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95.

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About PepsiCo

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

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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