PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 61,563 shares of the company’s stock after purchasing an additional 4,659 shares during the quarter. Coldstream Capital Management Inc.’s holdings in PepsiCo were worth $10,459,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in PepsiCo in the 3rd quarter valued at about $28,000. POM Investment Strategies LLC increased its holdings in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new position in PepsiCo in the second quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter valued at $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Price Performance

PepsiCo stock opened at $159.47 on Tuesday. The business has a 50 day simple moving average of $166.62 and a 200-day simple moving average of $169.42. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41. 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 has a market capitalization of $218.79 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.40%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

PepsiCo 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.