Centaurus Financial Inc. Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Centaurus Financial Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,171 shares of the company's stock after selling 4,248 shares during the quarter. Centaurus Financial Inc.'s holdings in PepsiCo were worth $1,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PEP. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter valued at $28,000. POM Investment Strategies LLC grew its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of PepsiCo in the second quarter worth $30,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of PepsiCo in the second quarter worth $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.6 %

PepsiCo stock traded up $1.05 during trading hours on Monday, reaching $163.05. The company had a trading volume of 8,574,261 shares, compared to its average volume of 5,500,764. The firm has a market cap of $223.70 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 3.02 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month 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 company has a 50-day moving average price of $168.73 and a 200 day moving average price of $170.78.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.32%. PepsiCo's dividend payout ratio (DPR) is presently 79.94%.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. TD Cowen lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. Finally, Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $183.92.

PepsiCo 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.