Investmark Advisory Group LLC Buys 346 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Investmark Advisory Group LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,958 shares of the company’s stock after purchasing an additional 346 shares during the period. PepsiCo comprises 1.8% of Investmark Advisory Group LLC’s portfolio, making the stock its 14th biggest holding. Investmark Advisory Group LLC’s holdings in PepsiCo were worth $3,734,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEP. International Assets Investment Management LLC lifted its holdings in shares of PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock worth $547,626,000 after purchasing an additional 3,201,676 shares during the period. Swedbank AB boosted its stake in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. PineStone Asset Management Inc. lifted its position in PepsiCo by 125.2% in the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after purchasing an additional 1,523,631 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company’s stock valued at $3,632,413,000 after buying an additional 1,125,059 shares in the last quarter. Finally, Legal & General Group Plc grew its position in PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock valued at $2,234,400,000 after acquiring an additional 905,468 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2 %

PEP stock opened at $162.68 on Tuesday. The stock’s fifty day simple moving average is $167.61 and its two-hundred day simple moving average is $170.16. 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 stock has a market cap of $223.20 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.05 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PEP shares. Royal Bank of Canada reduced their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Barclays decreased their target price 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, 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 research note on Friday, September 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.92.

About PepsiCo

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.