PepsiCo, Inc. (PEP) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the 3rd quarter, Holdings Channel reports. The firm owned 210,513 shares of the company’s stock after selling 6,379 shares during the quarter. Amalgamated Bank’s holdings in PepsiCo were worth $23,535,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cognios Capital LLC raised its stake in shares of PepsiCo by 8.7% during the 2nd quarter. Cognios Capital LLC now owns 19,976 shares of the company’s stock valued at $2,173,000 after purchasing an additional 1,591 shares during the period. Anchor Capital Advisors LLC raised its stake in shares of PepsiCo by 11.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 93,733 shares of the company’s stock valued at $10,205,000 after purchasing an additional 9,668 shares during the period. Cadinha & Co. LLC raised its stake in shares of PepsiCo by 14.4% during the 2nd quarter. Cadinha & Co. LLC now owns 8,984 shares of the company’s stock valued at $978,000 after purchasing an additional 1,128 shares during the period. GFS Advisors LLC raised its stake in shares of PepsiCo by 12.6% during the 2nd quarter. GFS Advisors LLC now owns 91,471 shares of the company’s stock valued at $9,958,000 after purchasing an additional 10,255 shares during the period. Finally, Doyle Wealth Management raised its stake in shares of PepsiCo by 11.3% during the 2nd quarter. Doyle Wealth Management now owns 58,245 shares of the company’s stock valued at $6,341,000 after purchasing an additional 5,931 shares during the period. 72.59% of the stock is owned by hedge funds and other institutional investors.

Shares of PepsiCo stock opened at $112.97 on Tuesday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31. The stock has a market cap of $159.56 billion, a PE ratio of 21.60, a PEG ratio of 2.78 and a beta of 0.62. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.00.

A number of research firms recently issued reports on PEP. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Zacks Investment Research reiterated a “sell” rating on shares of PepsiCo in a research note on Wednesday, November 14th. BidaskClub upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 12th. Finally, UBS Group started coverage on PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. PepsiCo has a consensus rating of “Hold” and a consensus price target of $117.12.

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PepsiCo Company Profile

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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