PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the third quarter, Holdings Channel reports. The fund owned 7,177 shares of the company’s stock after buying an additional 134 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in PepsiCo were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Paragon Wealth Strategies LLC acquired a new position in PepsiCo in the second quarter valued at approximately $30,000. Cowen Prime Advisors LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at approximately $34,000. Financial Insights Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $36,000. AGF Investments LLC purchased a new stake in PepsiCo during the second quarter worth $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in PepsiCo during the second quarter valued at $44,000. 70.48% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on PEP. Barclays increased their target price on shares of PepsiCo from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, October 7th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 6th. UBS Group lifted their price target on shares of PepsiCo from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective for the company. in a research report on Monday, August 9th. Finally, Evercore ISI reiterated a “hold” rating and issued a $160.00 target price on shares of PepsiCo in a research report on Thursday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $162.86.

In related news, CFO Hugh F. Johnston sold 37,266 shares of the company’s stock in a transaction that occurred on Thursday, October 21st. The shares were sold at an average price of $160.30, for a total transaction of $5,973,739.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Shares of NASDAQ:PEP traded down $1.51 during midday trading on Thursday, hitting $163.74. The company’s stock had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. The company has a market cap of $226.40 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.62. PepsiCo, Inc. has a 12-month low of $128.32 and a 12-month high of $166.80. The business’s 50 day simple moving average is $158.84 and its 200 day simple moving average is $154.23. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.77 and a current ratio of 0.95.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, October 4th. The company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.06. The company had revenue of $20.19 billion during the quarter, compared to the consensus estimate of $19.39 billion. PepsiCo had a net margin of 10.62% and a return on equity of 58.31%. PepsiCo’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 6.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Shareholders of record on Friday, December 3rd will be paid a dividend of $1.075 per share. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $4.30 annualized dividend and a yield of 2.63%. PepsiCo’s dividend payout ratio (DPR) is 73.25%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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