PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Pine Haven Investment Counsel Inc

Pine Haven Investment Counsel Inc lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,371 shares of the company’s stock after buying an additional 170 shares during the period. PepsiCo makes up approximately 1.3% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 19th largest position. Pine Haven Investment Counsel Inc’s holdings in PepsiCo were worth $1,594,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. JGP Wealth Management LLC increased its stake in shares of PepsiCo by 2.5% during the 3rd quarter. JGP Wealth Management LLC now owns 44,719 shares of the company’s stock worth $7,604,000 after purchasing an additional 1,074 shares in the last quarter. DLK Investment Management LLC increased its stake in shares of PepsiCo by 2.2% during the 3rd quarter. DLK Investment Management LLC now owns 36,797 shares of the company’s stock worth $6,257,000 after purchasing an additional 803 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of PepsiCo by 47.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 9,176 shares of the company’s stock worth $1,534,000 after purchasing an additional 2,957 shares in the last quarter. BWM Planning LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth approximately $654,000. Finally, Virginia Wealth Management Group Inc. increased its stake in shares of PepsiCo by 25.0% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 22,646 shares of the company’s stock worth $3,851,000 after purchasing an additional 4,529 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

Shares of PepsiCo stock traded up $0.65 during trading on Friday, hitting $173.64. 1,616,131 shares of the company were exchanged, compared to its average volume of 5,494,719. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. The firm has a market capitalization of $238.23 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $157.43 and a 1-year high of $183.41. The firm’s fifty day moving average price is $173.59 and its 200 day moving average price is $172.07.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.12%. PepsiCo’s dividend payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, BNP Paribas started coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $184.07.

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.