PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,615 shares of the company’s stock after buying an additional 3,286 shares during the period. PepsiCo accounts for approximately 1.8% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 15th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in PepsiCo were worth $7,077,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Global Wealth Strategies & Associates increased its holdings in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $28,000. POM Investment Strategies LLC increased its stake in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter worth approximately $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.7 %

Shares of NASDAQ:PEP opened at $157.79 on Friday. 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 stock has a market capitalization of $216.49 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $155.85 and a 1-year high of $183.41. The company has a 50 day moving average price of $166.83 and a 200 day moving average price of $169.64.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.25 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS 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 $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.43%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

Several research firms recently commented on PEP. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada lowered their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a report on Friday, October 4th. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One research 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.