PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,267 shares of the company's stock after selling 11,270 shares during the quarter. Sanctuary Advisors LLC's holdings in PepsiCo were worth $42,487,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock worth $547,626,000 after purchasing an additional 3,201,676 shares in the last quarter. State Street Corp raised its stake in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after buying an additional 2,775,679 shares in the last quarter. Swedbank AB boosted its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after buying an additional 1,592,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after acquiring an additional 1,125,059 shares during the period. Finally, Legal & General Group Plc raised its position in PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock worth $2,234,400,000 after acquiring an additional 905,468 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.4 %

NASDAQ PEP traded up $2.13 during trading hours on Thursday, hitting $158.90. 6,828,325 shares of the company's stock were exchanged, compared to its average volume of 5,514,660. The business's 50 day moving average is $166.14 and its 200-day moving average is $169.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The firm has a market capitalization of $218.01 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) 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 analysts' expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.41%. PepsiCo's payout ratio is currently 79.94%.

Analyst Ratings Changes

Several analysts recently commented on PEP shares. TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a "hold" rating to a "buy" rating and raised their price objective for the company from $179.00 to $184.00 in a research note on Thursday. Barclays lowered their target price on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Morgan Stanley cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Finally, Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $184.31.

About PepsiCo

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.