PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,927 shares of the company’s stock after selling 169 shares during the period. Alpha DNA Investment Management LLC’s holdings in PepsiCo were worth $1,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Waterford Advisors LLC acquired a new stake in shares of PepsiCo during the first quarter worth about $207,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of PepsiCo by 0.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 298,938 shares of the company’s stock valued at $52,317,000 after acquiring an additional 1,927 shares during the last quarter. Kinloch Capital LLC increased its stake in shares of PepsiCo by 7.4% in the first quarter. Kinloch Capital LLC now owns 20,332 shares of the company’s stock worth $3,558,000 after acquiring an additional 1,402 shares during the period. Waverly Advisors LLC lifted its position in PepsiCo by 70.4% during the first quarter. Waverly Advisors LLC now owns 42,543 shares of the company’s stock valued at $7,445,000 after purchasing an additional 17,573 shares during the period. Finally, Blackstone Inc. purchased a new stake in PepsiCo in the first quarter valued at $63,004,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a report on Thursday, October 10th. Finally, Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Up 1.0 %

Shares of PepsiCo stock opened at $162.00 on Friday. PepsiCo, Inc. has a twelve month low of $155.85 and a twelve month high of $183.41. The firm’s 50-day moving average price is $169.01 and its 200 day moving average price is $170.94. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $222.26 billion, a PE ratio of 23.89, a P/E/G ratio of 2.99 and a beta of 0.53.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

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.