Semmax Financial Advisors Inc. Has $581,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Semmax Financial Advisors Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,534 shares of the company’s stock after buying an additional 432 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in PepsiCo were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cobblestone Capital Advisors LLC NY increased its stake in PepsiCo by 1.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 112,987 shares of the company’s stock valued at $19,213,000 after buying an additional 1,797 shares during the last quarter. Encompass More Asset Management grew its stake in PepsiCo by 38.9% in the third quarter. Encompass More Asset Management now owns 2,432 shares of the company’s stock valued at $414,000 after purchasing an additional 681 shares in the last quarter. L.M. Kohn & Company increased its position in shares of PepsiCo by 1.7% during the 3rd quarter. L.M. Kohn & Company now owns 17,262 shares of the company’s stock worth $2,935,000 after purchasing an additional 283 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of PepsiCo by 1.2% in the 3rd quarter. Fred Alger Management LLC now owns 50,431 shares of the company’s stock valued at $8,576,000 after buying an additional 589 shares during the last quarter. Finally, William Allan Corp grew its stake in shares of PepsiCo by 4.4% in the third quarter. William Allan Corp now owns 13,454 shares of the company’s stock valued at $2,288,000 after buying an additional 563 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

PEP stock opened at $163.45 on Friday. PepsiCo, Inc. has a 52 week low of $155.85 and a 52 week high of $183.41. 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’s 50-day simple moving average is $167.79 and its 200 day simple moving average is $170.36. The company has a market capitalization of $224.25 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced 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 company 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% on a year-over-year basis. During the same period last year, the firm earned $2.25 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.32%. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped 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, October 9th. Bank of America reduced their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Royal Bank of Canada dropped their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $183.92.

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.