PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by Hoese & Co LLP

Hoese & Co LLP cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,105 shares of the company’s stock after selling 105 shares during the quarter. PepsiCo accounts for 0.3% of Hoese & Co LLP’s portfolio, making the stock its 25th largest holding. Hoese & Co LLP’s holdings in PepsiCo were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Flossbach Von Storch AG boosted its position in shares of PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after buying an additional 1,832,385 shares during the period. PineStone Asset Management Inc. boosted its position in shares of PepsiCo by 125.2% in the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after buying an additional 1,523,631 shares during the period. Van ECK Associates Corp boosted its position in shares of PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after buying an additional 1,179,922 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of PepsiCo during the first quarter worth $166,243,000. Finally, Legal & General Group Plc raised its holdings in shares of PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after acquiring an additional 905,468 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.3 %

NASDAQ PEP opened at $172.99 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is $173.62 and its two-hundred day moving average is $172.06. The company has a market capitalization of $237.34 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $157.43 and a 1-year high of $183.41.

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 analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several analysts recently issued reports on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. 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. Finally, Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.07.

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.