FARMERS & MERCHANTS TRUST Co OF LONG BEACH Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,177 shares of the company’s stock after acquiring an additional 134 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in PepsiCo were worth $1,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Stock Yards Bank & Trust Co. boosted its holdings in PepsiCo by 0.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 55,438 shares of the company’s stock worth $8,338,000 after buying an additional 277 shares during the period. Newfound Research LLC raised its holdings in PepsiCo by 28.4% during the third quarter. Newfound Research LLC now owns 764 shares of the company’s stock valued at $115,000 after acquiring an additional 169 shares during the period. Archford Capital Strategies LLC lifted its position in shares of PepsiCo by 9.3% in the third quarter. Archford Capital Strategies LLC now owns 8,354 shares of the company’s stock valued at $1,257,000 after acquiring an additional 713 shares in the last quarter. Norway Savings Bank grew its position in shares of PepsiCo by 9.2% during the third quarter. Norway Savings Bank now owns 11,103 shares of the company’s stock worth $1,670,000 after purchasing an additional 940 shares in the last quarter. Finally, BEAM Asset Management LLC raised its stake in PepsiCo by 3.7% during the 3rd quarter. BEAM Asset Management LLC now owns 2,456 shares of the company’s stock valued at $369,000 after purchasing an additional 87 shares during the period. Institutional investors own 70.48% of the company’s stock.

In other news, CFO Hugh F. Johnston sold 37,266 shares of the firm’s stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $160.30, for a total value of $5,973,739.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

PEP traded down $1.51 on Thursday, hitting $163.74. The company had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. The business’s fifty day simple moving average is $158.84 and its 200 day simple moving average is $154.23. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.32. PepsiCo, Inc. has a 12-month low of $128.32 and a 12-month high of $166.80. The company has a market cap of $226.40 billion, a PE ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Monday, October 4th. The company reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.06. PepsiCo had a return on equity of 58.31% and a net margin of 10.62%. The firm had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. During the same quarter in the previous year, the business earned $1.66 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 6.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 7th. Shareholders of record on Friday, December 3rd will be given a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Thursday, December 2nd. PepsiCo’s dividend payout ratio (DPR) is 73.25%.

A number of brokerages have issued reports on PEP. Barclays increased their price objective on shares of PepsiCo from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 7th. UBS Group raised their target price on shares of PepsiCo from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. Guggenheim lifted their price target on shares of PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 21st. Zacks Investment Research downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective for the company. in a report on Monday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $162.86.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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