Pathstone Holdings LLC Acquires 13,083 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pathstone Holdings LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,480 shares of the company's stock after acquiring an additional 13,083 shares during the period. Pathstone Holdings LLC's holdings in PepsiCo were worth $41,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Wealth Strategies & Associates raised its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after buying an additional 59 shares during the period. Highline Wealth Partners LLC bought a new stake in PepsiCo in the 3rd quarter valued at about $28,000. POM Investment Strategies LLC lifted its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo in the second quarter worth about $30,000. Finally, Rakuten Securities Inc. increased its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PEP shares. Royal Bank of Canada cut their price objective on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. TD Cowen lowered PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $183.92.

PepsiCo Price Performance

PepsiCo stock traded down $1.61 during mid-day trading on Tuesday, hitting $156.72. The stock had a trading volume of 7,195,365 shares, compared to its average volume of 5,479,357. 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 one year low of $155.85 and a one year high of $183.41. The firm's 50 day moving average is $170.42 and its 200 day moving average is $171.38. The firm has a market capitalization of $215.02 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.96 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $23.86 billion. During the same period in the prior year, the company posted $2.25 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.46%. PepsiCo's dividend payout ratio (DPR) is 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.