PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Cut by Gerber LLC

Gerber LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,009 shares of the company’s stock after selling 66 shares during the period. Gerber LLC’s holdings in PepsiCo were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its stake in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the period. POM Investment Strategies LLC grew its holdings in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the second quarter worth $30,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo during the first quarter worth $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PEP. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada decreased their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.49 during midday trading on Monday, reaching $175.55. 2,289,191 shares of the company’s stock were exchanged, compared to its average volume of 5,479,053. The firm has a market capitalization of $241.34 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. The company’s 50 day simple moving average is $173.78 and its two-hundred day simple moving average is $172.15. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

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

PepsiCo Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.09%. PepsiCo’s dividend payout ratio is 78.66%.

About PepsiCo

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.