PepsiCo, Inc. $PEP Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 37.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445,890 shares of the company’s stock after selling 871,884 shares during the period. PepsiCo accounts for approximately 1.0% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 28th biggest position. Bahl & Gaynor Inc. owned about 0.11% of PepsiCo worth $190,915,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the 2nd quarter worth $460,110,000. Franklin Resources Inc. raised its holdings in shares of PepsiCo by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock worth $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Acadian Asset Management LLC grew its holdings in shares of PepsiCo by 175.7% in the second quarter. Acadian Asset Management LLC now owns 2,969,635 shares of the company’s stock valued at $392,076,000 after purchasing an additional 1,892,469 shares during the period. Finally, Vanguard Group Inc. increased its position in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.2%

Shares of NASDAQ PEP opened at $146.33 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $200.08 billion, a PE ratio of 27.82, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13. The stock has a fifty day simple moving average of $145.37 and a 200-day simple moving average of $140.46.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s payout ratio is 108.17%.

Analyst Ratings Changes

Several equities analysts have weighed in on PEP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. BNP Paribas Exane cut their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Loop Capital set a $164.00 price target on PepsiCo in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group raised their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $156.90.

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.