PepsiCo, Inc. (NASDAQ:PEP) is Jensen Investment Management Inc.’s 10th Largest Position

Jensen Investment Management Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,591,236 shares of the company’s stock after selling 147,475 shares during the quarter. PepsiCo comprises approximately 3.7% of Jensen Investment Management Inc.’s holdings, making the stock its 10th biggest position. Jensen Investment Management Inc. owned about 0.19% of PepsiCo worth $440,640,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Stockman Wealth Management Inc. increased its holdings in shares of PepsiCo by 8.8% in the third quarter. Stockman Wealth Management Inc. now owns 63,785 shares of the company’s stock worth $10,847,000 after purchasing an additional 5,168 shares during the last quarter. Tyler Stone Wealth Management raised its stake in PepsiCo by 103.1% during the third quarter. Tyler Stone Wealth Management now owns 5,789 shares of the company’s stock valued at $984,000 after purchasing an additional 2,938 shares in the last quarter. Houlihan Financial Resource Group Ltd. bought a new position in PepsiCo during the third quarter valued at $585,000. 17 Capital Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth $403,000. Finally, Mach 1 Financial Group LLC raised its position in shares of PepsiCo by 4.5% during the 3rd quarter. Mach 1 Financial Group LLC now owns 1,655 shares of the company’s stock valued at $282,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $1.11 during midday trading on Friday, reaching $165.11. The company’s stock had a trading volume of 4,618,265 shares, compared to its average volume of 5,463,349. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a fifty day moving average of $172.19 and a 200 day moving average of $171.98. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The firm has a market capitalization of $226.53 billion, a PE ratio of 24.35, a P/E/G ratio of 3.07 and a beta of 0.53.

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

About PepsiCo

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.