Diversified Trust Co Has $10.83 Million Position in PepsiCo, Inc. $PEP

Diversified Trust Co reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,118 shares of the company’s stock after selling 11,269 shares during the quarter. Diversified Trust Co’s holdings in PepsiCo were worth $10,831,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in PepsiCo by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after acquiring an additional 1,761,785 shares during the period. State Street Corp grew its holdings in PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after buying an additional 920,045 shares in the last quarter. Geode Capital Management LLC increased its position in PepsiCo by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock worth $4,301,240,000 after buying an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after buying an additional 2,556,163 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of PepsiCo in the second quarter valued at about $2,330,594,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3%

Shares of NASDAQ:PEP opened at $144.24 on Tuesday. The business has a fifty day simple moving average of $147.09 and a 200 day simple moving average of $143.59. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The firm has a market cap of $197.23 billion, a P/E ratio of 27.42, a P/E/G ratio of 4.96 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Barclays boosted their price target on PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday, October 23rd. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. HSBC raised their target price on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.