PepsiCo, Inc. (NASDAQ:PEP) Stake Increased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,837 shares of the company’s stock after acquiring an additional 4,034 shares during the period. Brown Brothers Harriman & Co.’s holdings in PepsiCo were worth $32,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Kennedy Capital Management LLC bought a new position in PepsiCo during the 1st quarter worth approximately $4,342,000. Industrial Alliance Investment Management Inc. lifted its stake in PepsiCo by 4.0% during the first quarter. Industrial Alliance Investment Management Inc. now owns 3,349 shares of the company’s stock worth $586,000 after purchasing an additional 128 shares during the last quarter. Sweeney & Michel LLC acquired a new position in PepsiCo in the first quarter worth $754,000. Dynasty Wealth Management LLC bought a new stake in PepsiCo during the first quarter valued at $2,269,000. Finally, Ancora Advisors LLC lifted its position in shares of PepsiCo by 1.0% in the 1st quarter. Ancora Advisors LLC now owns 81,464 shares of the company’s stock worth $14,257,000 after buying an additional 817 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several research reports. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Stock Up 1.0 %

PEP opened at $162.00 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market capitalization of $222.26 billion, a PE ratio of 23.89, a P/E/G ratio of 3.02 and a beta of 0.53. The stock’s fifty day moving average is $169.01 and its 200-day moving average is $170.89. PepsiCo, Inc. has a one year low of $155.85 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 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%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders 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 annualized dividend and a dividend yield of 3.35%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.