Keystone Wealth Services LLC Cuts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Keystone Wealth Services LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,153 shares of the company’s stock after selling 90 shares during the period. Keystone Wealth Services LLC’s holdings in PepsiCo were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEP. Lockerman Financial Group Inc. grew its position in PepsiCo by 6.3% in the third quarter. Lockerman Financial Group Inc. now owns 1,542 shares of the company’s stock worth $262,000 after acquiring an additional 91 shares in the last quarter. Swedbank AB grew its position in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Nova R Wealth Inc. purchased a new position in PepsiCo in the third quarter worth about $201,000. Mustard Seed Financial LLC grew its position in PepsiCo by 7.3% in the third quarter. Mustard Seed Financial LLC now owns 4,646 shares of the company’s stock worth $790,000 after acquiring an additional 318 shares in the last quarter. Finally, Boomfish Wealth Group LLC grew its position in PepsiCo by 6.0% in the third quarter. Boomfish Wealth Group LLC now owns 8,450 shares of the company’s stock worth $1,437,000 after acquiring an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

Shares of PepsiCo stock traded down $0.20 on Tuesday, hitting $175.90. 5,801,484 shares of the company traded hands, compared to its average volume of 5,507,038. The company has a market cap of $241.82 billion, a PE ratio of 25.53, a PEG ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average price is $173.56 and its 200-day moving average price is $172.08.

PepsiCo (NASDAQ:PEP) last issued 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 company had revenue of $23.32 billion during 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%. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Royal Bank of Canada decreased their price objective 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 raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $183.92.

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.