Appleton Partners Inc. MA decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 72,919 shares of the company’s stock after selling 3,606 shares during the period. Appleton Partners Inc. MA’s holdings in PepsiCo were worth $10,968,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new position in PepsiCo during the 3rd quarter worth about $256,000. Ironwood Wealth Management LLC. lifted its holdings in PepsiCo by 38.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,892 shares of the company’s stock worth $268,000 after buying an additional 525 shares during the period. Hoylecohen LLC lifted its holdings in PepsiCo by 52.0% during the 1st quarter. Hoylecohen LLC now owns 8,624 shares of the company’s stock worth $1,220,000 after buying an additional 2,952 shares during the period. Sargent Bickham Lagudis LLC lifted its holdings in PepsiCo by 3.0% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 5,130 shares of the company’s stock worth $726,000 after buying an additional 147 shares during the period. Finally, Fragasso Group Inc. lifted its holdings in PepsiCo by 7.1% during the 1st quarter. Fragasso Group Inc. now owns 33,766 shares of the company’s stock worth $4,776,000 after buying an additional 2,250 shares during the period. 70.48% of the stock is currently owned by institutional investors.
PEP has been the topic of several recent research reports. UBS Group lifted their target price on PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, October 6th. Guggenheim boosted their price objective on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 21st. Evercore ISI reissued a “hold” rating and issued a $160.00 price objective on shares of PepsiCo in a research note on Thursday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 6th. Finally, Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective on the stock. in a research note on Monday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $162.86.
PepsiCo stock traded down $1.51 during midday trading on Thursday, reaching $163.74. The stock had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. PepsiCo, Inc. has a 12 month low of $128.32 and a 12 month high of $166.80. The company has a market capitalization of $226.40 billion, a P/E ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62. The company has a fifty day moving average price of $158.84 and a two-hundred day moving average price of $154.23. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.32.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, October 4th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.06. PepsiCo had a return on equity of 58.31% and a net margin of 10.62%. The business had revenue of $20.19 billion during the quarter, compared to analyst estimates of $19.39 billion. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 6.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 3rd will be given a $1.075 dividend. This represents a $4.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, December 2nd. PepsiCo’s payout ratio is 73.25%.
PepsiCo Company Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.
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