Fmr LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

FMR LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,724,464 shares of the company's stock after acquiring an additional 281,318 shares during the period. FMR LLC owned about 0.49% of PepsiCo worth $1,143,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meixler Investment Management Ltd. boosted its position in shares of PepsiCo by 4.4% during the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock valued at $228,000 after buying an additional 58 shares during the period. Opes Wealth Management LLC boosted its holdings in PepsiCo by 2.2% during the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock valued at $453,000 after acquiring an additional 59 shares during the period. Global Wealth Strategies & Associates increased its stake in 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 purchasing an additional 59 shares during the period. Bank of Stockton lifted its position in shares of PepsiCo by 2.3% during the second quarter. Bank of Stockton now owns 2,716 shares of the company's stock worth $448,000 after purchasing an additional 60 shares during the last quarter. Finally, Oxbow Advisors LLC grew its holdings in shares of PepsiCo by 0.7% in the second quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.3 %

NASDAQ PEP traded up $0.56 on Thursday, reaching $162.72. 3,620,676 shares of the company were exchanged, compared to its average volume of 5,488,934. 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 fifty-two week low of $155.85 and a fifty-two week high of $183.41. The business's fifty day moving average price is $167.95 and its 200 day moving average price is $170.55. The stock has a market capitalization of $223.25 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 3.04 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for 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%. PepsiCo's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.25 EPS. 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. Shareholders 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 3.33%. PepsiCo's dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEP. Hsbc Global Res raised shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a report 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. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Finally, TD Cowen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.