PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,223 shares of the company’s stock after acquiring an additional 2,266 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in PepsiCo were worth $10,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Magnus Financial Group LLC lifted its holdings in PepsiCo by 0.6% in the third quarter. Magnus Financial Group LLC now owns 15,243 shares of the company’s stock valued at $2,592,000 after acquiring an additional 84 shares during the last quarter. Lockerman Financial Group Inc. raised its position in PepsiCo by 6.3% in the third quarter. Lockerman Financial Group Inc. now owns 1,542 shares of the company’s stock valued at $262,000 after purchasing an additional 91 shares during the period. Swedbank AB raised its position in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Nova R Wealth Inc. purchased a new stake in PepsiCo in the third quarter valued at approximately $201,000. Finally, Mustard Seed Financial LLC raised its position in PepsiCo by 7.3% in the third quarter. Mustard Seed Financial LLC now owns 4,646 shares of the company’s stock valued at $790,000 after purchasing an additional 318 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $175.90 on Wednesday. The firm has a market capitalization of $241.82 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The business’s fifty day moving average price is $173.63 and its 200 day moving average price is $172.08. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Jefferies Financial Group cut their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.92.

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.