Diversified Trust Co Sells 11,269 Shares of PepsiCo, Inc. $PEP

Diversified Trust Co cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 77,118 shares of the company’s stock after selling 11,269 shares during the quarter. Diversified Trust Co’s holdings in PepsiCo were worth $10,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JSF Financial LLC raised its holdings in shares of PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the period. Binnacle Investments Inc increased its position in PepsiCo by 33.2% in the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares during the period. Weaver Consulting Group lifted its position in shares of PepsiCo by 2.9% during the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock valued at $341,000 after buying an additional 72 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. BNP Paribas Exane lowered their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Barclays lifted their price objective on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Rothschild & Co Redburn lifted their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research report on Monday, December 15th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.75.

PepsiCo Trading Up 0.3%

Shares of PEP stock opened at $144.24 on Tuesday. The business has a 50-day moving average price of $147.09 and a two-hundred day moving average price of $143.59. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market cap of $197.23 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 4.96 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.