PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,755 shares of the company's stock after selling 13,419 shares during the period. Advisors Asset Management Inc.'s holdings in PepsiCo were worth $17,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PEP. Hilton Capital Management LLC increased its stake in shares of PepsiCo by 1.4% during the third quarter. Hilton Capital Management LLC now owns 61,229 shares of the company's stock valued at $10,412,000 after purchasing an additional 816 shares in the last quarter. NS Partners Ltd raised its position in shares of PepsiCo by 1.0% during the 3rd quarter. NS Partners Ltd now owns 141,781 shares of the company's stock valued at $24,110,000 after purchasing an additional 1,366 shares during the period. Prospera Private Wealth LLC bought a new stake in PepsiCo in the 3rd quarter valued at $4,838,000. Avior Wealth Management LLC grew its stake in shares of PepsiCo by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 18,313 shares of the company's stock worth $3,114,000 after buying an additional 703 shares in the last quarter. Finally, Counterweight Ventures LLC boosted its stake in shares of PepsiCo by 50.6% during the 3rd quarter. Counterweight Ventures LLC now owns 2,084 shares of the company's stock worth $354,000 after purchasing an additional 700 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.3 %

Shares of NASDAQ:PEP traded up $2.02 during trading on Wednesday, reaching $158.74. The company's stock had a trading volume of 5,063,967 shares, compared to its average volume of 5,483,438. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41. The firm's 50 day simple moving average is $170.00 and its two-hundred day simple moving average is $171.24. The stock has a market capitalization of $217.79 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.41%. PepsiCo's dividend payout ratio is presently 79.94%.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, Bank of America lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $183.92.

PepsiCo Company Profile

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.