Columbia Trust Co 01012016 lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,211 shares of the company’s stock after selling 89 shares during the quarter. Columbia Trust Co 01012016’s holdings in PepsiCo were worth $934,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Paragon Wealth Strategies LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $30,000. Cowen Prime Advisors LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $34,000. Financial Insights Inc. purchased a new position in PepsiCo in the 2nd quarter worth approximately $36,000. AGF Investments LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. purchased a new position in PepsiCo in the 2nd quarter worth approximately $44,000. 70.48% of the stock is owned by hedge funds and other institutional investors.
PEP has been the subject of a number of analyst reports. Barclays upped their price target on PepsiCo from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, October 7th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 6th. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 target price for the company. in a research note on Monday, August 9th. Evercore ISI reiterated a “hold” rating and set a $160.00 target price on shares of PepsiCo in a research note on Thursday, October 7th. Finally, Guggenheim increased their target price on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $162.86.
Shares of NASDAQ PEP opened at $163.74 on Thursday. PepsiCo, Inc. has a 1-year low of $128.32 and a 1-year high of $166.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.95 and a quick ratio of 0.77. The business’s fifty day moving average price is $158.84 and its two-hundred day moving average price is $154.23. The firm has a market capitalization of $226.40 billion, a PE ratio of 27.89, a P/E/G ratio of 2.97 and a beta of 0.62.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.06. PepsiCo had a return on equity of 58.31% and a net margin of 10.62%. The firm had revenue of $20.19 billion for the quarter, compared to analyst estimates of $19.39 billion. During the same period last year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 6.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 7th. Stockholders of record on Friday, December 3rd will be issued a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, December 2nd. PepsiCo’s dividend payout ratio (DPR) is 73.25%.
PepsiCo Company Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.
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