PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 74,957 shares of the company’s stock after selling 1,229 shares during the quarter. ST Germain D J Co. Inc.’s holdings in PepsiCo were worth $12,746,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. RFG Advisory LLC boosted its stake in PepsiCo by 11.7% in the 1st quarter. RFG Advisory LLC now owns 16,846 shares of the company’s stock worth $2,948,000 after purchasing an additional 1,758 shares during the period. Meyer Handelman Co. boosted its stake in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock valued at $44,412,000 after buying an additional 9,465 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of PepsiCo by 4.0% during the 1st quarter. Gulf International Bank UK Ltd now owns 117,730 shares of the company’s stock valued at $20,603,000 after buying an additional 4,528 shares during the period. SignalPoint Asset Management LLC boosted its stake in shares of PepsiCo by 1.1% during the 1st quarter. SignalPoint Asset Management LLC now owns 7,529 shares of the company’s stock valued at $1,318,000 after buying an additional 81 shares during the period. Finally, Liberty Capital Management Inc. boosted its stake in shares of PepsiCo by 4.0% during the 1st quarter. Liberty Capital Management Inc. now owns 14,177 shares of the company’s stock valued at $2,481,000 after buying an additional 549 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP traded up $0.39 during trading on Friday, hitting $175.06. The stock had a trading volume of 5,097,170 shares, compared to its average volume of 5,492,675. The firm has a market cap of $240.18 billion, a PE ratio of 25.82, a P/E/G 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 current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a 50 day simple moving average of $173.78 and a 200-day simple moving average of $172.13.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The business’s revenue was down .6% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Bank of America decreased their target price 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. Wells Fargo & Company decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.