Vista Investment Partners LLC Has $4.30 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Vista Investment Partners LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,283 shares of the company’s stock after purchasing an additional 371 shares during the period. PepsiCo makes up approximately 1.4% of Vista Investment Partners LLC’s holdings, making the stock its 25th largest position. Vista Investment Partners LLC’s holdings in PepsiCo were worth $4,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trust Co. of Vermont raised its stake in PepsiCo by 2.1% during the 3rd quarter. Trust Co. of Vermont now owns 123,839 shares of the company’s stock valued at $21,059,000 after purchasing an additional 2,589 shares during the last quarter. Cardinal Capital Management raised its position in shares of PepsiCo by 0.8% during the third quarter. Cardinal Capital Management now owns 31,546 shares of the company’s stock valued at $5,364,000 after buying an additional 255 shares during the last quarter. Secure Asset Management LLC lifted its stake in shares of PepsiCo by 58.9% in the third quarter. Secure Asset Management LLC now owns 2,691 shares of the company’s stock valued at $458,000 after buying an additional 997 shares during the period. Marshall Financial Group LLC acquired a new position in PepsiCo in the 3rd quarter valued at approximately $520,000. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in shares of PepsiCo by 2.6% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 10,184 shares of the company’s stock worth $1,732,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Trading Up 0.1 %

Shares of PEP stock opened at $174.67 on Friday. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The stock has a market cap of $240.13 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. The stock has a 50 day simple moving average of $173.73 and a 200 day simple moving average of $172.12.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.