B. Metzler seel. Sohn & Co. Holding AG bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 597,058 shares of the company's stock, valued at approximately $101,529,000. PepsiCo makes up 1.0% of B. Metzler seel. Sohn & Co. Holding AG's investment portfolio, making the stock its 20th biggest holding.
Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Empowered Funds LLC grew its stake in shares of PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after buying an additional 8,406 shares during the last quarter. M&G Plc grew its position in PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company's stock worth $70,334,000 after acquiring an additional 14,724 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in PepsiCo by 3.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company's stock worth $23,013,000 after purchasing an additional 4,547 shares in the last quarter. Fiduciary Family Office LLC raised its position in PepsiCo by 119.6% in the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company's stock valued at $1,164,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its stake in shares of PepsiCo by 4.6% during the third quarter. Empower Advisory Group LLC now owns 378,902 shares of the company's stock valued at $64,432,000 after purchasing an additional 16,523 shares in the last quarter. Institutional investors own 73.07% of the company's stock.
PepsiCo Stock Down 1.0 %
Shares of NASDAQ:PEP traded down $1.61 during trading on Tuesday, reaching $156.72. 7,195,365 shares of the stock were exchanged, compared to its average volume of 5,479,357. The stock has a fifty day moving average of $170.42 and a two-hundred day moving average of $171.38. PepsiCo, Inc. has a 1-year low of $155.85 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The firm has a market cap of $215.02 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the firm earned $2.25 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.46%. PepsiCo's payout ratio is 79.94%.
Analysts Set New Price Targets
PEP has been the topic of several recent research reports. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Morgan Stanley downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. Barclays cut their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Finally, Hsbc Global Res raised PepsiCo to a "hold" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $183.92.
Check Out Our Latest Stock Report on PEP
About PepsiCo
(
Free Report)
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.
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