Banque Cantonale Vaudoise Has $5.78 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Banque Cantonale Vaudoise decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,009 shares of the company's stock after selling 6,111 shares during the period. Banque Cantonale Vaudoise's holdings in PepsiCo were worth $5,783,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Edgestream Partners L.P. lifted its holdings in shares of PepsiCo by 20.9% during the 1st quarter. Edgestream Partners L.P. now owns 4,605 shares of the company's stock worth $806,000 after acquiring an additional 796 shares during the period. Evermay Wealth Management LLC boosted its holdings in shares of PepsiCo by 0.7% in the 1st quarter. Evermay Wealth Management LLC now owns 11,166 shares of the company's stock valued at $1,966,000 after purchasing an additional 83 shares during the last quarter. Leelyn Smith LLC increased its holdings in shares of PepsiCo by 18.9% during the 1st quarter. Leelyn Smith LLC now owns 15,780 shares of the company's stock worth $2,762,000 after buying an additional 2,505 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of PepsiCo in the 1st quarter worth $266,000. Finally, Payden & Rygel Investment Group purchased a new stake in PepsiCo during the first quarter valued at about $15,016,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP traded down $1.61 on Tuesday, hitting $156.72. 7,195,365 shares of the company were exchanged, compared to its average volume of 5,479,357. 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 firm has a 50 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 market cap of $215.02 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders 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 dividend payout ratio is 79.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEP. JPMorgan Chase & Co. decreased their target price on PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. TD Cowen cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Finally, Barclays dropped their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $183.92.

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.