PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,134 shares of the company’s stock after selling 152 shares during the period. Acropolis Investment Management LLC’s holdings in PepsiCo were worth $1,383,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company’s stock worth $3,632,413,000 after buying an additional 1,125,059 shares during the period. Legal & General Group Plc increased its holdings in shares of PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after acquiring an additional 905,468 shares during the period. Massachusetts Financial Services Co. MA lifted its position in PepsiCo by 2.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,383,621 shares of the company’s stock valued at $1,765,735,000 after purchasing an additional 236,091 shares during the last quarter. Fisher Asset Management LLC boosted its stake in PepsiCo by 5.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,854,268 shares of the company’s stock valued at $1,335,618,000 after purchasing an additional 422,080 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in PepsiCo by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after purchasing an additional 561,465 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.4 %

PEP opened at $163.45 on Friday. The company has a market capitalization of $224.25 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The business has a 50-day moving average of $167.79 and a 200-day moving average of $170.43. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. 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 posted 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. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders 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 (DPR) is presently 79.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PEP shares. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. Barclays cut their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.