D.A. Davidson & CO. Purchases 1,586 Shares of PepsiCo, Inc. (NASDAQ:PEP)

D.A. Davidson & CO. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,913 shares of the company’s stock after acquiring an additional 1,586 shares during the period. D.A. Davidson & CO.’s holdings in PepsiCo were worth $75,318,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its holdings in PepsiCo by 4.4% in the third quarter. FMR LLC now owns 6,724,464 shares of the company’s stock valued at $1,143,495,000 after acquiring an additional 281,318 shares in the last quarter. West Tower Group LLC purchased a new stake in shares of PepsiCo in the 3rd quarter worth about $272,000. Qsemble Capital Management LP purchased a new position in shares of PepsiCo during the third quarter valued at about $3,419,000. Acorn Wealth Advisors LLC raised its stake in PepsiCo by 23.1% in the third quarter. Acorn Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $304,000 after buying an additional 335 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in PepsiCo by 0.6% during the 3rd quarter. Private Trust Co. NA now owns 31,738 shares of the company’s stock valued at $5,397,000 after acquiring an additional 188 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays cut their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Bank of America dropped their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $183.92.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $163.05 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $223.70 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. The firm’s 50 day moving average price is $168.73 and its 200-day moving average price is $170.78. PepsiCo, Inc. has a twelve month low of $155.85 and a twelve month high of $183.41.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio is 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.