Rothschild Investment Corp IL decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,055 shares of the company’s stock after selling 1,057 shares during the period. Rothschild Investment Corp IL’s holdings in PepsiCo were worth $1,348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Hendershot Investments Inc. increased its holdings in PepsiCo by 5.2% during the third quarter. Hendershot Investments Inc. now owns 53,742 shares of the company’s stock valued at $6,008,000 after buying an additional 2,651 shares during the last quarter. Alta Capital Management LLC increased its stake in shares of PepsiCo by 3.7% in the third quarter. Alta Capital Management LLC now owns 327,356 shares of the company’s stock worth $36,598,000 after purchasing an additional 11,804 shares in the last quarter. Bristol Advisors LLC purchased a new stake in shares of PepsiCo in the third quarter worth $235,000. Adams Asset Advisors LLC increased its stake in shares of PepsiCo by 30.7% in the third quarter. Adams Asset Advisors LLC now owns 34,829 shares of the company’s stock worth $3,894,000 after purchasing an additional 8,182 shares in the last quarter. Finally, First American Bank purchased a new stake in shares of PepsiCo in the third quarter worth $36,079,000. Institutional investors own 70.58% of the company’s stock.

In other news, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the sale, the chief executive officer now owns 130,135 shares in the company, valued at approximately $13,897,116.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Yawman sold 12,024 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The disclosure for this sale can be found here. Insiders have sold 205,893 shares of company stock valued at $22,663,157 in the last quarter. 0.27% of the stock is owned by company insiders.

Several equities analysts recently weighed in on PEP shares. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley cut their target price on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Finally, ValuEngine raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $117.89.

PEP stock opened at $116.84 on Friday. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. The firm has a market cap of $166.28 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The business had revenue of $16.49 billion during the quarter, compared to analyst estimates of $16.38 billion. During the same quarter last year, the business earned $1.48 earnings per share. PepsiCo’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

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

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About PepsiCo

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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