Capital Square LLC Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Capital Square LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,329 shares of the company’s stock after selling 66 shares during the period. Capital Square LLC’s holdings in PepsiCo were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acorn Wealth Advisors LLC raised its holdings in shares of PepsiCo by 23.1% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $304,000 after purchasing an additional 335 shares in the last quarter. Private Trust Co. NA raised its position in shares of PepsiCo by 0.6% in the 3rd quarter. Private Trust Co. NA now owns 31,738 shares of the company’s stock worth $5,397,000 after acquiring an additional 188 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in PepsiCo by 5.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 2,313 shares of the company’s stock worth $393,000 after purchasing an additional 118 shares in the last quarter. Diversified LLC boosted its holdings in shares of PepsiCo by 2.3% in the 3rd quarter. Diversified LLC now owns 5,819 shares of the company’s stock valued at $989,000 after buying an additional 130 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of PepsiCo by 5.2% during the 3rd quarter. Truvestments Capital LLC now owns 2,732 shares of the company’s stock worth $465,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Barclays dropped their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $1.23 on Monday, reaching $163.23. 484,039 shares of the company were exchanged, compared to its average volume of 5,465,281. 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 1-year low of $155.85 and a 1-year high of $183.41. The company has a 50-day moving average of $169.01 and a 200-day moving average of $170.89. The firm has a market cap of $223.95 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53.

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, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion during 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%. The company’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 EPS. Equities 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. Shareholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.32%. PepsiCo’s dividend payout ratio is currently 79.94%.

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.