Exchange Bank Purchases 410 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Exchange Bank grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,855 shares of the company’s stock after purchasing an additional 410 shares during the quarter. Exchange Bank’s holdings in PepsiCo were worth $996,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after acquiring an additional 139 shares during the last quarter. Norden Group LLC boosted its position in PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after buying an additional 174,171 shares in the last quarter. Marion Wealth Management grew its stake in shares of PepsiCo by 6.3% during the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after buying an additional 494 shares during the last quarter. Meyer Handelman Co. lifted its stake in shares of PepsiCo by 3.9% in the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock valued at $44,412,000 after acquiring an additional 9,465 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of PepsiCo during the 1st quarter valued at $28,366,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.1 %

Shares of PEP stock opened at $174.81 on Friday. PepsiCo, Inc. has a fifty-two week low of $157.43 and a fifty-two week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89. The stock has a 50 day simple moving average of $173.52 and a two-hundred day simple moving average of $172.08. The company has a market cap of $240.33 billion, a P/E ratio of 25.37, a PEG ratio of 3.11 and a beta of 0.53.

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

PepsiCo Dividend Announcement

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. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

Several research firms have commented on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, Bank of America cut their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.