Captrust Financial Advisors Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Captrust Financial Advisors lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 536,182 shares of the company's stock after selling 27,259 shares during the period. Captrust Financial Advisors' holdings in PepsiCo were worth $91,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 59.0% during 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 in the last quarter. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $28,000. POM Investment Strategies LLC boosted its position in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after buying an additional 106 shares during the period. Summit Securities Group LLC acquired 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 during the second quarter worth $34,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Morgan Stanley downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One investment 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $183.92.

PepsiCo Price Performance

Shares of PEP traded up $0.73 during trading hours on Friday, reaching $163.45. The company had a trading volume of 2,799,312 shares, compared to its average volume of 5,477,297. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. 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 company has a market capitalization of $224.25 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.03 and a beta of 0.53. The firm has a 50 day simple moving average of $167.95 and a 200-day simple moving average of $170.55.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared 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 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 is currently 79.94%.

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.