DF Dent & Co. Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,331 shares of the company’s stock after selling 900 shares during the quarter. DF Dent & Co. Inc.’s holdings in PepsiCo were worth $1,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp raised its stake in shares of PepsiCo by 5.3% during the 1st quarter. Fiera Capital Corp now owns 3,512,114 shares of the company’s stock worth $383,347,000 after buying an additional 177,748 shares during the last quarter. Buckingham Capital Management Inc. grew its holdings in PepsiCo by 5.6% in the 2nd quarter. Buckingham Capital Management Inc. now owns 31,907 shares of the company’s stock valued at $3,474,000 after buying an additional 1,689 shares during the period. Patriot Wealth Management Inc. lifted its stake in shares of PepsiCo by 3.1% in the 2nd quarter. Patriot Wealth Management Inc. now owns 43,785 shares of the company’s stock valued at $4,767,000 after purchasing an additional 1,297 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of PepsiCo by 8.1% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 8,903 shares of the company’s stock valued at $969,000 after purchasing an additional 664 shares in the last quarter. Finally, World Asset Management Inc lifted its stake in shares of PepsiCo by 2.9% in the 2nd quarter. World Asset Management Inc now owns 102,760 shares of the company’s stock valued at $11,187,000 after purchasing an additional 2,917 shares in the last quarter. Hedge funds and other institutional investors own 70.39% of the company’s stock.

Several research firms recently commented on PEP. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. BMO Capital Markets lowered their price target on PepsiCo from $110.00 to $109.00 and set a “market perform” rating for the company in a report on Wednesday, October 3rd. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Tuesday, September 11th. Macquarie downgraded PepsiCo from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $122.00 to $107.00 in a research note on Friday, October 5th. Finally, Guggenheim initiated coverage on PepsiCo in a research note on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. PepsiCo has an average rating of “Hold” and an average target price of $117.89.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total transaction of $587,345.00. Following the completion of the sale, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Spanos sold 20,074 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the sale, the chief executive officer now owns 35,520 shares of the company’s stock, valued at $3,993,158.40. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock worth $22,663,157 in the last ninety days. 0.27% of the stock is owned by company insiders.

PEP stock opened at $116.80 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.15 and a current ratio of 1.31. The stock has a market cap of $165.11 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.93 and a beta of 0.58. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. Analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 7th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 3.18%. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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