Fmr LLC Has $1.14 Billion Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fmr LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,724,464 shares of the company’s stock after purchasing an additional 281,318 shares during the quarter. Fmr LLC’s holdings in PepsiCo were worth $1,143,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. boosted its stake in PepsiCo by 3.1% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 3,438 shares of the company’s stock worth $602,000 after acquiring an additional 102 shares during the last quarter. FSA Advisors Inc. increased its position in shares of PepsiCo by 7.6% in the 1st quarter. FSA Advisors Inc. now owns 1,541 shares of the company’s stock valued at $270,000 after buying an additional 109 shares in the last quarter. Dodds Wealth LLC lifted its holdings in PepsiCo by 122.9% during the first quarter. Dodds Wealth LLC now owns 3,069 shares of the company’s stock worth $537,000 after acquiring an additional 1,692 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of PepsiCo by 256.1% in the first quarter. Cetera Investment Advisers now owns 461,377 shares of the company’s stock worth $80,746,000 after acquiring an additional 331,827 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of PepsiCo by 65.9% during the 1st quarter. Cetera Advisors LLC now owns 148,850 shares of the company’s stock valued at $26,050,000 after purchasing an additional 59,131 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $162.72 on Thursday. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The business has a 50 day moving average of $168.18 and a 200-day moving average of $170.60. 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 cap of $223.25 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.04 and a beta of 0.53.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analyst Weigh In

Several analysts have commented on PEP shares. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays reduced their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Company 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.