Empire Financial Management Company LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 34.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,295 shares of the company's stock after selling 5,855 shares during the quarter. Empire Financial Management Company LLC's holdings in PepsiCo were worth $1,921,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of PepsiCo in the 3rd quarter worth about $1,440,000. Coldstream Capital Management Inc. increased its stake in shares of PepsiCo by 8.2% during the third quarter. Coldstream Capital Management Inc. now owns 61,563 shares of the company's stock valued at $10,459,000 after purchasing an additional 4,659 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of PepsiCo by 1.8% during the third quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock valued at $5,170,529,000 after purchasing an additional 543,558 shares during the last quarter. Insight Inv LLC boosted its position in shares of PepsiCo by 1.5% in the 3rd quarter. Insight Inv LLC now owns 13,350 shares of the company's stock worth $2,270,000 after purchasing an additional 200 shares in the last quarter. Finally, Frisch Financial Group Inc. grew its stake in shares of PepsiCo by 3.0% in the 3rd quarter. Frisch Financial Group Inc. now owns 2,531 shares of the company's stock worth $430,000 after buying an additional 73 shares during the last quarter. Institutional investors own 73.07% of the company's stock.
PEP opened at $159.84 on Wednesday. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The company has a market cap of $219.30 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.94 and a beta of 0.52. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company's 50 day moving average is $166.62 and its 200 day moving average is $169.42.