PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,713 shares of the company’s stock after acquiring an additional 1,437 shares during the period. Stratos Investment Management LLC’s holdings in PepsiCo were worth $4,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. Valued Wealth Advisors LLC grew its position in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. POM Investment Strategies LLC increased its position in PepsiCo by 141.3% in 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 during the period. Summit Securities Group LLC acquired a new position in PepsiCo during the 2nd quarter worth $30,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of PepsiCo in the first quarter worth $35,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $175.06 on Friday. The stock has a market cap of $240.18 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $173.78 and a 200-day simple moving average of $172.13.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio is 79.94%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Finally, DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $183.92.

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.