PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 43,480 shares of the company’s stock after selling 6,052 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in PepsiCo were worth $7,394,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 2nd quarter worth approximately $30,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ:PEP traded up $0.39 during mid-day trading on Friday, hitting $175.06. 5,097,170 shares of the company traded hands, compared to its average volume of 5,492,675. The firm’s 50 day simple moving average is $173.78 and its 200 day simple moving average is $172.13. The firm has a market cap of $240.18 billion, a P/E ratio of 25.82, a PEG ratio of 3.28 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada decreased their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reduced their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Morgan Stanley cut 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Company 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.