Tudor Financial Inc. Purchases Shares of 3,641 PepsiCo, Inc. (NASDAQ:PEP)

Tudor Financial Inc. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,641 shares of the company's stock, valued at approximately $619,000.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Te Ahumairangi Investment Management Ltd grew its position in PepsiCo by 3.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company's stock worth $2,811,000 after buying an additional 550 shares during the last quarter. Virtu Financial LLC acquired a new position in PepsiCo in the third quarter worth approximately $1,611,000. Invst LLC grew its position in PepsiCo by 4.6% in the third quarter. Invst LLC now owns 3,003 shares of the company's stock worth $511,000 after buying an additional 133 shares during the last quarter. Unigestion Holding SA grew its position in PepsiCo by 39.0% in the third quarter. Unigestion Holding SA now owns 224,150 shares of the company's stock worth $38,110,000 after buying an additional 62,840 shares during the last quarter. Finally, Second Line Capital LLC acquired a new position in PepsiCo in the third quarter worth approximately $394,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research report on Thursday, October 10th. TD Cowen cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a "strong sell" rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating for the company in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $184.31.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $2.13 on Thursday, hitting $158.90. 6,275,674 shares of the company were exchanged, compared to its average volume of 5,512,357. The company's 50 day moving average price is $166.14 and its two-hundred day moving average price is $169.20. PepsiCo, Inc. has a one year low of $155.85 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a market capitalization of $218.01 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.94 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The business's revenue was down .6% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

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