Aviso Financial Inc. Has $29.04 Million Stock Holdings in PepsiCo, Inc. $PEP

Aviso Financial Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,904 shares of the company’s stock after buying an additional 3,601 shares during the quarter. PepsiCo makes up about 1.3% of Aviso Financial Inc.’s holdings, making the stock its 26th biggest position. Aviso Financial Inc.’s holdings in PepsiCo were worth $29,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PEP. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after purchasing an additional 1,761,785 shares in the last quarter. Geode Capital Management LLC raised its position in PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after acquiring an additional 86,695 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after acquiring an additional 2,556,163 shares during the last quarter. Franklin Resources Inc. grew its position in PepsiCo by 19.5% in the second 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $145.50 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $165.13. 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’s 50 day simple moving average is $145.47 and its 200-day simple moving average is $140.69. The stock has a market cap of $198.95 billion, a PE ratio of 27.66, a P/E/G ratio of 3.56 and a beta of 0.45.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid 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 Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. Barclays upped their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. HSBC increased their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $156.90.

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.