PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,286 shares of the company’s stock after selling 665 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in PepsiCo were worth $5,830,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PEP. Benjamin Edwards Inc. grew its stake in shares of PepsiCo by 739.9% in the third quarter. Benjamin Edwards Inc. now owns 119,863 shares of the company’s stock worth $20,394,000 after purchasing an additional 105,592 shares in the last quarter. Kestra Investment Management LLC bought a new position in PepsiCo in the 3rd quarter valued at about $527,000. Paradigm Capital Management LLC NV acquired a new position in PepsiCo during the 3rd quarter valued at about $507,000. FSA Wealth Management LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth about $114,000. Finally, B&L Asset Management LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth approximately $1,183,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $163.45 on Monday. The company has a market cap of $224.25 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53. The company’s fifty day moving average is $167.79 and its two-hundred day moving average is $170.30. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.32%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent analyst reports. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.92.

About PepsiCo

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.