PepsiCo, Inc. $PEP Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 397,620 shares of the company’s stock after selling 5,710 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in PepsiCo were worth $55,842,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Calton & Associates Inc. acquired a new stake in shares of PepsiCo during the 1st quarter valued at about $202,000. Quarry LP raised its position in PepsiCo by 378.6% during the first quarter. Quarry LP now owns 2,369 shares of the company’s stock valued at $355,000 after acquiring an additional 1,874 shares in the last quarter. First Financial Bankshares Inc lifted its stake in shares of PepsiCo by 4.6% in the 1st quarter. First Financial Bankshares Inc now owns 460,696 shares of the company’s stock valued at $69,077,000 after purchasing an additional 20,215 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position in PepsiCo by 4.9% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 85,595 shares of the company’s stock worth $12,834,000 after acquiring an additional 4,019 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.3%

PEP opened at $144.24 on Tuesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The company’s 50 day moving average is $147.09 and its 200-day moving average is $143.59. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $197.23 billion, a P/E ratio of 27.42, a PEG ratio of 4.96 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. UBS Group restated a “buy” rating and set a $172.00 target price on shares of PepsiCo in a research report on Tuesday, December 9th. HSBC increased their target price on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.