PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Widmann Financial Services Inc.

Widmann Financial Services Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,116 shares of the company’s stock after selling 376 shares during the quarter. Widmann Financial Services Inc.’s holdings in PepsiCo were worth $1,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. EverSource Wealth Advisors LLC grew its position in PepsiCo by 7.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,371 shares of the company’s stock worth $1,473,000 after purchasing an additional 606 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in shares of PepsiCo during the first quarter valued at $334,000. Armstrong Henry H Associates Inc. increased its position in shares of PepsiCo by 0.6% in the 2nd quarter. Armstrong Henry H Associates Inc. now owns 17,430 shares of the company’s stock valued at $2,875,000 after acquiring an additional 111 shares during the period. GAMMA Investing LLC raised its stake in PepsiCo by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 20,448 shares of the company’s stock worth $3,372,000 after acquiring an additional 6,813 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in PepsiCo by 0.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 218,046 shares of the company’s stock worth $35,962,000 after acquiring an additional 1,336 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.4 %

Shares of NASDAQ:PEP opened at $163.45 on Friday. The business’s 50 day moving average price is $167.79 and its 200-day moving average price is $170.43. PepsiCo, Inc. has a 1 year low of $155.85 and a 1 year high of $183.41. The firm has a market capitalization of $224.25 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the business earned $2.25 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. 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 note on Wednesday, October 9th. Barclays lowered their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.