Resources Management Corp CT ADV Makes New $12.02 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

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Resources Management Corp CT ADV acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 87,643 shares of the company’s stock, valued at approximately $12,016,000. PepsiCo comprises about 2.2% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 114,097,547 shares of the company’s stock valued at $14,961,613,000 after acquiring an additional 838,652 shares during the last quarter. BlackRock Inc. raised its position in PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after purchasing an additional 1,413,723 shares during the period. State Street Corp lifted its stake in shares of PepsiCo by 1.4% in the 3rd quarter. State Street Corp now owns 66,734,823 shares of the company’s stock valued at $9,149,344,000 after purchasing an additional 890,014 shares during the last quarter. Northern Trust Corp lifted its stake in shares of PepsiCo by 0.7% in the 2nd quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after purchasing an additional 143,784 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of PepsiCo by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock worth $2,607,480,000 after purchasing an additional 378,960 shares during the period. 71.22% of the stock is owned by institutional investors and hedge funds.

PepsiCo stock traded up $1.84 during trading hours on Wednesday, hitting $137.30. The company had a trading volume of 4,206,511 shares, compared to its average volume of 4,416,168. The firm has a market cap of $189.41 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.53 and a beta of 0.54. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. PepsiCo, Inc. has a 1 year low of $105.03 and a 1 year high of $140.45. The company has a 50-day moving average price of $135.27 and a two-hundred day moving average price of $133.43.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.50 by $0.06. The company had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.93 billion. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. PepsiCo’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.78%. PepsiCo’s dividend payout ratio is presently 67.49%.

Several equities research analysts have recently weighed in on PEP shares. Deutsche Bank increased their target price on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. set a $154.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley reiterated a “buy” rating and set a $154.00 price target on shares of PepsiCo in a report on Tuesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and set a $133.00 price target (up from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Finally, Citigroup increased their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.53.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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