BB&T Corp decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 396,173 shares of the company’s stock after selling 7,669 shares during the quarter. PepsiCo accounts for about 0.8% of BB&T Corp’s holdings, making the stock its 23rd largest holding. BB&T Corp’s holdings in PepsiCo were worth $44,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. WP Advisors LLC acquired a new position in shares of PepsiCo during the second quarter valued at approximately $118,000. Canton Hathaway LLC acquired a new position in shares of PepsiCo during the third quarter valued at approximately $127,000. Fort L.P. purchased a new stake in shares of PepsiCo in the second quarter valued at approximately $125,000. Atlas Capital Advisors LLC grew its position in shares of PepsiCo by 85.7% in the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after purchasing an additional 600 shares in the last quarter. Finally, Independent Order of Foresters purchased a new stake in shares of PepsiCo in the second quarter valued at approximately $152,000. 70.58% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Morgan Stanley restated an “overweight” rating on shares of PepsiCo in a research report on Friday, October 5th. Finally, Macquarie lowered PepsiCo from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $122.00 to $107.00 in a research report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $117.89.

In related news, CEO Laxman Narasimhan sold 5,500 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the transaction, the chief executive officer now directly owns 130,135 shares in the company, valued at $13,897,116.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Spanos sold 20,074 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the transaction, the chief executive officer now owns 35,520 shares of the company’s stock, valued at $3,993,158.40. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock valued at $22,663,157 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Shares of PepsiCo stock opened at $116.84 on Friday. The company has a market capitalization of $166.28 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.51. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $16.49 billion during the quarter, compared to analyst estimates of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 5.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be given a $0.9275 dividend. The ex-dividend date is Thursday, December 6th. This represents a $3.71 annualized dividend and a yield of 3.18%. PepsiCo’s payout ratio is 70.94%.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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