PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 95,312 shares of the company’s stock after selling 1,848 shares during the quarter. Greenleaf Trust’s holdings in PepsiCo were worth $16,208,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Sound Income Strategies LLC boosted its stake in shares of PepsiCo by 6.2% in the first quarter. Sound Income Strategies LLC now owns 5,429 shares of the company’s stock valued at $950,000 after purchasing an additional 315 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in PepsiCo by 83.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 10,973 shares of the company’s stock valued at $1,920,000 after purchasing an additional 4,992 shares during the last quarter. Eagle Wealth Strategies LLC purchased a new stake in PepsiCo during the 1st quarter worth approximately $474,000. Elevated Capital Advisors LLC raised its position in shares of PepsiCo by 7.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 14,421 shares of the company’s stock valued at $2,524,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of PepsiCo by 12.3% during the 1st quarter. Brookstone Capital Management now owns 34,648 shares of the company’s stock valued at $6,064,000 after buying an additional 3,794 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4 %

PEP traded down $0.64 on Wednesday, reaching $173.73. 313,742 shares of the company traded hands, compared to its average volume of 5,463,737. The company has a market cap of $238.36 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.26 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock’s 50 day moving average price is $173.90 and its 200-day moving average price is $172.23. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the company earned $2.25 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS 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 given a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.12%. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PEP. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Company 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.