Prospera Private Wealth LLC Purchases Shares of 28,448 PepsiCo, Inc. (NASDAQ:PEP)

Prospera Private Wealth LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,448 shares of the company's stock, valued at approximately $4,838,000.

A number of other hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates boosted its stake in 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 stake in shares of PepsiCo in the 3rd quarter worth $28,000. POM Investment Strategies LLC lifted its position in shares of 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 in the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter worth about $30,000. Finally, Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after buying an additional 96 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PEP shares. Barclays decreased their price target on PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Morgan Stanley lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target for the company. in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada lowered their target price on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $183.92.

PepsiCo Price Performance

Shares of PEP stock traded up $1.41 on Wednesday, reaching $158.13. The company's stock had a trading volume of 1,855,813 shares, compared to its average volume of 5,469,180. The company has a market capitalization of $216.95 billion, a P/E ratio of 23.12, a PEG ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The stock's 50 day simple moving average is $170.00 and its 200-day simple moving average is $171.24. 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 issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed 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. This represents a $5.42 annualized dividend and a dividend yield of 3.43%. PepsiCo's dividend payout ratio (DPR) is currently 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.