CX Institutional Sells 112 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CX Institutional trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,650 shares of the company’s stock after selling 112 shares during the quarter. CX Institutional’s holdings in PepsiCo were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Foyston Gordon & Payne Inc lifted its holdings in PepsiCo by 48.4% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 31,049 shares of the company’s stock worth $5,069,000 after buying an additional 10,125 shares in the last quarter. Shilanski & Associates Inc. acquired a new position in PepsiCo during the 3rd quarter worth $8,238,000. Advisor OS LLC lifted its holdings in PepsiCo by 5.5% during the 3rd quarter. Advisor OS LLC now owns 14,148 shares of the company’s stock worth $2,310,000 after buying an additional 739 shares in the last quarter. Gratus Capital LLC lifted its holdings in PepsiCo by 5.0% during the 3rd quarter. Gratus Capital LLC now owns 8,693 shares of the company’s stock worth $1,419,000 after buying an additional 411 shares in the last quarter. Finally, Lincoln National Corp lifted its holdings in PepsiCo by 1.4% during the 3rd quarter. Lincoln National Corp now owns 30,864 shares of the company’s stock worth $5,039,000 after buying an additional 438 shares in the last quarter. Institutional investors own 70.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PEP. Credit Suisse Group reduced their price objective on PepsiCo from $173.00 to $172.00 and set a “neutral” rating on the stock in a report on Monday, October 3rd. Argus increased their price target on PepsiCo from $195.00 to $206.00 in a research note on Wednesday, December 7th. StockNews.com raised PepsiCo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 20th. Barclays increased their price target on PepsiCo from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 14th. Finally, Royal Bank of Canada increased their price target on PepsiCo from $165.00 to $170.00 and gave the company a “sector perform” rating in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $183.36.

PepsiCo Price Performance

PEP opened at $170.69 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.92 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a 12 month low of $153.37 and a 12 month high of $186.84. The company has a fifty day simple moving average of $180.33 and a 200 day simple moving average of $176.02. The stock has a market cap of $235.16 billion, a P/E ratio of 24.42, a P/E/G ratio of 3.03 and a beta of 0.57.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 2nd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Thursday, December 1st. PepsiCo’s dividend payout ratio (DPR) is presently 65.81%.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).