PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,965 shares of the company’s stock after acquiring an additional 130 shares during the period. Loomis Sayles & Co. L P’s holdings in PepsiCo were worth $334,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PEP. Boston Family Office LLC grew its position in shares of PepsiCo by 1.3% during the third quarter. Boston Family Office LLC now owns 59,659 shares of the company’s stock worth $10,145,000 after acquiring an additional 753 shares during the last quarter. DRW Securities LLC grew its position in PepsiCo by 59.8% during the 3rd quarter. DRW Securities LLC now owns 4,250 shares of the company’s stock worth $723,000 after purchasing an additional 1,591 shares during the last quarter. Concentric Wealth Management LLC increased its stake in PepsiCo by 0.5% in the third quarter. Concentric Wealth Management LLC now owns 35,212 shares of the company’s stock valued at $5,988,000 after purchasing an additional 164 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of PepsiCo by 52.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 63,271 shares of the company’s stock valued at $10,757,000 after buying an additional 21,671 shares during the last quarter. Finally, Prosperity Financial Group Inc. grew its holdings in shares of PepsiCo by 5.7% during the third quarter. Prosperity Financial Group Inc. now owns 1,444 shares of the company’s stock worth $246,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEP. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays lowered their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Royal Bank of Canada cut their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $183.92.

PepsiCo Trading Up 0.3 %

Shares of PEP stock opened at $162.72 on Friday. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $167.95 and a 200-day simple moving average of $170.55. The stock has a market cap of $223.25 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.04 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. PepsiCo’s dividend payout ratio (DPR) 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.