PepsiCo, Inc. $PEP Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,525 shares of the company’s stock after selling 170,027 shares during the period. Boston Trust Walden Corp’s holdings in PepsiCo were worth $79,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Petros Family Wealth LLC raised its holdings in PepsiCo by 3.3% in the third quarter. Petros Family Wealth LLC now owns 4,331 shares of the company’s stock valued at $608,000 after acquiring an additional 138 shares in the last quarter. HM Payson & Co. increased its position in shares of PepsiCo by 4.4% in the 3rd quarter. HM Payson & Co. now owns 112,496 shares of the company’s stock valued at $15,799,000 after purchasing an additional 4,762 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in shares of PepsiCo by 6.2% in the 3rd quarter. Old North State Wealth Management LLC now owns 4,680 shares of the company’s stock valued at $658,000 after purchasing an additional 272 shares in the last quarter. Goldstone Financial Group LLC lifted its position in shares of PepsiCo by 3.3% during the 3rd quarter. Goldstone Financial Group LLC now owns 9,008 shares of the company’s stock worth $1,265,000 after purchasing an additional 285 shares during the last quarter. Finally, Ethic Inc. grew its stake in shares of PepsiCo by 0.9% during the third quarter. Ethic Inc. now owns 51,792 shares of the company’s stock worth $7,274,000 after purchasing an additional 483 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.0%

PEP stock opened at $143.78 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market cap of $196.60 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 4.96 and a beta of 0.42. The company has a fifty day moving average price of $147.27 and a 200 day moving average price of $143.50.

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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio is 108.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped 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. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. DZ Bank raised shares of 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. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Citigroup lifted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $158.75.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.