Triangle Securities Wealth Management reduced its stake in PepsiCo Inc. (NYSE:PEP) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,166 shares of the company’s stock after selling 225 shares during the period. PepsiCo comprises 1.4% of Triangle Securities Wealth Management’s portfolio, making the stock its 22nd largest position. Triangle Securities Wealth Management’s holdings in PepsiCo were worth $2,085,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PEP. Vanguard Group Inc. increased its position in PepsiCo by 2.3% in the second quarter. Vanguard Group Inc. now owns 100,515,744 shares of the company’s stock valued at $10,648,637,000 after buying an additional 2,290,350 shares during the period. Wellington Management Group LLP boosted its stake in shares of PepsiCo by 40.9% in the first quarter. Wellington Management Group LLP now owns 21,691,078 shares of the company’s stock valued at $2,222,902,000 after buying an additional 6,297,861 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of PepsiCo by 2.4% in the second quarter. BlackRock Fund Advisors now owns 20,533,515 shares of the company’s stock valued at $2,175,321,000 after buying an additional 475,487 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of PepsiCo by 2.6% in the second quarter. BlackRock Group LTD now owns 12,726,529 shares of the company’s stock valued at $1,348,250,000 after buying an additional 324,893 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of PepsiCo by 4.8% in the first quarter. Geode Capital Management LLC now owns 12,518,040 shares of the company’s stock valued at $1,280,408,000 after buying an additional 573,839 shares in the last quarter. 69.19% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

PepsiCo Inc. (NYSE:PEP) traded up 0.61% during mid-day trading on Monday, hitting $102.79. 5,556,921 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $105.13 and its 200-day moving average price is $105.79. The stock has a market cap of $147.42 billion, a PE ratio of 22.55 and a beta of 0.54. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94.

PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business had revenue of $16 billion for the quarter. During the same quarter in the prior year, the firm earned $1.35 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that PepsiCo Inc. will post $4.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $3.01 annualized dividend and a dividend yield of 2.92%. PepsiCo’s dividend payout ratio is presently 66.01%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Bank of America Corp. restated a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a research report on Friday, September 30th. Deutsche Bank AG restated a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a research report on Monday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target (up previously from $116.00) on shares of PepsiCo in a research report on Friday, September 30th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $122.00 price target on shares of PepsiCo in a research report on Friday, September 30th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $113.71.

PepsiCo Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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