Unigestion Holding SA Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Unigestion Holding SA raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 39.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,150 shares of the company's stock after purchasing an additional 62,840 shares during the quarter. PepsiCo comprises approximately 1.8% of Unigestion Holding SA's holdings, making the stock its 16th biggest holding. Unigestion Holding SA's holdings in PepsiCo were worth $38,110,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Meixler Investment Management Ltd. grew its position in PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock valued at $228,000 after purchasing an additional 58 shares in the last quarter. Opes Wealth Management LLC grew its stake in PepsiCo by 2.2% in the second quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock valued at $453,000 after purchasing an additional 59 shares in the last quarter. Global Wealth Strategies & Associates increased its position in shares of PepsiCo by 59.0% during the 3rd 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 last quarter. Bank of Stockton boosted its holdings in shares of PepsiCo by 2.3% in the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company's stock valued at $448,000 after buying an additional 60 shares during the last quarter. Finally, Oxbow Advisors LLC increased its holdings in PepsiCo by 0.7% during the second quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after buying an additional 60 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Finally, TD Cowen cut 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 research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $183.92.

PepsiCo Stock Down 1.9 %

PEP stock traded down $3.07 during mid-day trading on Wednesday, reaching $156.77. 7,922,112 shares of the company traded hands, compared to its average volume of 5,509,135. The stock has a market cap of $215.09 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.94 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. The firm's 50 day moving average price is $166.39 and its 200 day moving average price is $169.29. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

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

PepsiCo Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.46%. PepsiCo's dividend payout ratio is presently 79.94%.

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.