Exxonmobil Investment Management Inc. TX decreased its position in PepsiCo Inc. (NYSE:PEP) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 367,468 shares of the company’s stock after selling 6,420 shares during the period. PepsiCo accounts for 0.8% of Exxonmobil Investment Management Inc. TX’s holdings, making the stock its 25th largest position. Exxonmobil Investment Management Inc. TX’s holdings in PepsiCo were worth $39,969,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AMP Capital Investors Ltd increased its stake in shares of PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of PepsiCo by 108.4% in the first quarter. Renaissance Technologies LLC now owns 3,729,062 shares of the company’s stock worth $382,154,000 after buying an additional 1,940,000 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of PepsiCo by 3.5% in the first quarter. Citizens Financial Group Inc RI now owns 134,336 shares of the company’s stock worth $13,767,000 after buying an additional 4,490 shares during the last quarter. HBK Investments L P increased its stake in shares of PepsiCo by 64.6% in the first quarter. HBK Investments L P now owns 86,400 shares of the company’s stock worth $8,854,000 after buying an additional 33,900 shares during the last quarter. Finally, Mariner Wealth Advisors LLC increased its stake in shares of PepsiCo by 13.3% in the first quarter. Mariner Wealth Advisors LLC now owns 38,515 shares of the company’s stock worth $3,948,000 after buying an additional 4,521 shares during the last quarter. Institutional investors own 69.19% of the company’s stock.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.59% during mid-day trading on Wednesday, hitting $101.19. The company’s stock had a trading volume of 651,079 shares. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94. The stock’s 50 day moving average price is $105.13 and its 200 day moving average price is $105.79. The company has a market cap of $145.12 billion, a price-to-earnings ratio of 22.20 and a beta of 0.54.

PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating 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 business posted $1.35 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts forecast that PepsiCo Inc. will post $4.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.7525 per share. The ex-dividend date is Wednesday, November 30th. This represents a $3.01 annualized dividend and a yield of 2.94%. PepsiCo’s dividend payout ratio is 66.01%.

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PEP has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a report on Monday, October 3rd. Bank of America Corp. reiterated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a report on Friday, September 30th. Credit Suisse Group AG reiterated a “buy” rating and issued a $122.00 target price on shares of PepsiCo in a report on Friday, September 30th. Jefferies Group reiterated a “buy” rating and issued a $122.00 target price (down from $124.00) on shares of PepsiCo in a report on Friday, September 30th. Finally, Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective for the company in a research note on Wednesday, September 7th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.71.

About PepsiCo

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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