Balasa Dinverno & Foltz LLC boosted its position in shares of Pepsico, Inc. (NYSE:PEP) by 13.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,925 shares of the company’s stock after purchasing an additional 1,146 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in Pepsico were worth $1,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in Pepsico by 41.6% during the second quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock valued at $1,313,000 after purchasing an additional 3,339 shares during the period. Wedbush Securities Inc. lifted its stake in Pepsico by 20.4% in the second quarter. Wedbush Securities Inc. now owns 17,247 shares of the company’s stock valued at $1,992,000 after buying an additional 2,922 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Pepsico by 3.8% in the second quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock valued at $9,091,000 after buying an additional 2,905 shares in the last quarter. Pioneer Investment Management Inc. lifted its stake in Pepsico by 2.1% in the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after buying an additional 91,851 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in Pepsico by 4.0% in the second quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock valued at $798,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.

Shares of Pepsico, Inc. (NYSE PEP) opened at $118.61 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The company has a market cap of $167,883.98, a price-to-earnings ratio of 23.06, a PEG ratio of 3.32 and a beta of 0.68. Pepsico, Inc. has a 1 year low of $101.06 and a 1 year high of $119.74.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. research analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s dividend payout ratio is presently 66.53%.

In other news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Tuesday, August 22nd. Deutsche Bank assumed coverage on shares of Pepsico in a research note on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target on the stock. Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their price target for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Finally, BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.73.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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