PepsiCo, Inc. (NASDAQ:PEP) Stake Increased by Orca Investment Management LLC

Orca Investment Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,052 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Orca Investment Management LLC’s holdings in PepsiCo were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Centaurus Financial Inc. grew its position in shares of PepsiCo by 13.4% during the fourth quarter. Centaurus Financial Inc. now owns 4,913 shares of the company’s stock worth $834,000 after acquiring an additional 581 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $103,000. Northwest Bank & Trust Co bought a new position in shares of PepsiCo during the fourth quarter worth about $78,000. Fortis Group Advisors LLC grew its position in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. Finally, Twin Focus Capital Partners LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $201,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Up 1.1 %

Shares of PepsiCo stock opened at $174.81 on Monday. The company’s fifty day simple moving average is $173.52 and its 200-day simple moving average is $172.07. The company has a market cap of $240.33 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $157.43 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $2.25 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

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.