Sanders Capital LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sanders Capital LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,071,671 shares of the company's stock after acquiring an additional 114,452 shares during the period. PepsiCo makes up about 1.2% of Sanders Capital LLC's holdings, making the stock its 24th largest holding. Sanders Capital LLC owned 0.37% of PepsiCo worth $862,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Meixler Investment Management Ltd. lifted its holdings in shares of PepsiCo by 4.4% during the 2nd 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 during the last quarter. Opes Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.2% during the 2nd 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 during the last quarter. Global Wealth Strategies & Associates lifted 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. Bank of Stockton lifted its holdings in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company's stock valued at $448,000 after purchasing an additional 60 shares during the last quarter. Finally, Oxbow Advisors LLC lifted its holdings in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock valued at $1,481,000 after purchasing an additional 60 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.89 during trading on Tuesday, reaching $162.16. 4,653,482 shares of the company's stock traded hands, compared to its average volume of 5,497,072. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market cap of $222.48 billion, a PE ratio of 23.92, a P/E/G ratio of 3.02 and a beta of 0.53. The company has a 50-day simple moving average of $168.43 and a 200-day simple moving average of $170.66.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 firm had revenue of $23.32 billion for the quarter, compared to analysts' expectations of $23.86 billion. During the same period last year, the firm earned $2.25 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo's payout ratio is 79.94%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. 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 report on Friday, September 20th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Bank of America reduced their target price on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Finally, StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $183.92.

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.