Tiaa Fsb Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Tiaa Fsb cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 300,635 shares of the company’s stock after selling 436 shares during the quarter. Tiaa Fsb’s holdings in PepsiCo were worth $45,218,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ausdal Financial Partners Inc. boosted its position in PepsiCo by 0.8% during the second quarter. Ausdal Financial Partners Inc. now owns 7,951 shares of the company’s stock worth $1,178,000 after acquiring an additional 64 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in PepsiCo by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 8,507 shares of the company’s stock worth $1,260,000 after acquiring an additional 65 shares during the last quarter. Loudon Investment Management LLC boosted its position in PepsiCo by 0.7% during the second quarter. Loudon Investment Management LLC now owns 9,948 shares of the company’s stock worth $1,474,000 after acquiring an additional 67 shares during the last quarter. OLD Dominion Capital Management Inc. boosted its position in PepsiCo by 0.3% during the third quarter. OLD Dominion Capital Management Inc. now owns 22,634 shares of the company’s stock worth $3,404,000 after acquiring an additional 67 shares during the last quarter. Finally, Peninsula Asset Management Inc. boosted its holdings in PepsiCo by 0.3% in the 2nd quarter. Peninsula Asset Management Inc. now owns 26,322 shares of the company’s stock valued at $3,900,000 after purchasing an additional 69 shares during the last quarter. 70.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ PEP traded down $1.51 during mid-day trading on Thursday, reaching $163.74. The company had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.32. The firm has a 50 day simple moving average of $158.84 and a two-hundred day simple moving average of $154.23. The stock has a market cap of $226.40 billion, a P/E ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62. PepsiCo, Inc. has a 52-week low of $128.32 and a 52-week high of $166.80.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Monday, October 4th. The company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.06. The firm had revenue of $20.19 billion for the quarter, compared to the consensus estimate of $19.39 billion. PepsiCo had a net margin of 10.62% and a return on equity of 58.31%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 6.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 3rd will be paid a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, December 2nd. PepsiCo’s dividend payout ratio is currently 73.25%.

Several research firms have weighed in on PEP. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 6th. Evercore ISI reiterated a “hold” rating and issued a $160.00 target price on shares of PepsiCo in a report on Thursday, October 7th. Guggenheim upped their price objective on shares of PepsiCo from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 21st. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective on the stock. in a report on Monday, August 9th. Finally, UBS Group upped their price objective on shares of PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $162.86.

In related news, CFO Hugh F. Johnston sold 37,266 shares of the stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $160.30, for a total transaction of $5,973,739.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

Further Reading: Conference Calls and Individual Investors

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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