PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 216,111 shares of the company's stock after buying an additional 20,029 shares during the period. PepsiCo accounts for approximately 0.7% of Wilmington Savings Fund Society FSB's holdings, making the stock its 29th biggest position. Wilmington Savings Fund Society FSB's holdings in PepsiCo were worth $36,750,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates boosted its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter valued at approximately $28,000. POM Investment Strategies LLC grew its holdings in 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 buying an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PEP. Morgan Stanley lowered PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada cut their price target on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $184.31.

PepsiCo Stock Up 1.4 %

Shares of PEP stock traded up $2.13 during mid-day trading on Thursday, hitting $158.90. 6,828,325 shares of the stock traded hands, compared to its average volume of 5,514,660. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The stock has a market cap of $218.01 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.94 and a beta of 0.52. 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 stock's fifty day moving average is $166.14 and its two-hundred day moving average is $169.20.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm 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 $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is presently 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.