Stearns Financial Services Group decreased its position in Pepsico, Inc. (NYSE:PEP) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,300 shares of the company’s stock after selling 3,040 shares during the period. Pepsico comprises approximately 1.0% of Stearns Financial Services Group’s portfolio, making the stock its 19th biggest holding. Stearns Financial Services Group’s holdings in Pepsico were worth $3,822,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Summit X LLC grew its stake in shares of Pepsico by 14.1% in the third quarter. Summit X LLC now owns 5,087 shares of the company’s stock valued at $569,000 after buying an additional 627 shares in the last quarter. Tompkins Financial Corp grew its stake in Pepsico by 1.8% during the 3rd quarter. Tompkins Financial Corp now owns 34,213 shares of the company’s stock valued at $3,812,000 after purchasing an additional 613 shares in the last quarter. Viking Fund Management LLC lifted its holdings in Pepsico by 2.4% during the 3rd quarter. Viking Fund Management LLC now owns 43,500 shares of the company’s stock worth $4,847,000 after buying an additional 1,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Pepsico by 174.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,264 shares of the company’s stock worth $4,041,000 after buying an additional 23,031 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC lifted its holdings in Pepsico by 13.1% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 9,925 shares of the company’s stock worth $1,106,000 after buying an additional 1,146 shares during the last quarter. 70.08% of the stock is currently owned by institutional investors.

Pepsico, Inc. (NYSE:PEP) opened at $119.02 on Thursday. The company has a market capitalization of $168,680.38, a PE ratio of 23.17, a PEG ratio of 3.34 and a beta of 0.68. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico, Inc. has a 12 month low of $101.06 and a 12 month high of $119.74.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. research analysts predict that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is currently 66.53%.

PEP has been the topic of several recent research reports. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Monday, December 4th. BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Susquehanna Bancshares reiterated a “buy” rating and set a $135.00 price target on shares of Pepsico in a research report on Monday, October 2nd. Credit Suisse Group reiterated a “hold” rating and set a $122.00 price target (down from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico currently has an average rating of “Buy” and an average price target of $122.73.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

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Pepsico Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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