PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 65,506 shares of the company’s stock after acquiring an additional 253 shares during the period. Moran Wealth Management LLC’s holdings in PepsiCo were worth $11,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in PepsiCo by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock valued at $16,968,000 after purchasing an additional 8,406 shares in the last quarter. M&G Plc grew its holdings in PepsiCo by 3.6% during the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after buying an additional 14,724 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in PepsiCo by 3.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 135,331 shares of the company’s stock valued at $23,013,000 after buying an additional 4,547 shares during the last quarter. Fiduciary Family Office LLC grew its holdings in PepsiCo by 119.6% during the 3rd quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after buying an additional 3,727 shares during the last quarter. Finally, Empower Advisory Group LLC grew its holdings in PepsiCo by 4.6% during the 3rd quarter. Empower Advisory Group LLC now owns 378,902 shares of the company’s stock valued at $64,432,000 after buying an additional 16,523 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP traded up $0.76 during mid-day trading on Wednesday, hitting $157.48. 911,435 shares of the company’s stock traded hands, compared to its average volume of 5,464,983. The firm has a market capitalization of $216.06 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The firm has a 50 day moving average of $170.00 and a two-hundred day moving average of $171.24. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.44%. PepsiCo’s payout ratio is currently 79.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Finally, Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.