Means Investment CO. Inc. Has $1.90 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Means Investment CO. Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,144 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Means Investment CO. Inc.’s holdings in PepsiCo were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. New Century Financial Group LLC grew its position in PepsiCo by 134.8% in the 3rd quarter. New Century Financial Group LLC now owns 12,092 shares of the company’s stock worth $2,056,000 after purchasing an additional 6,942 shares during the last quarter. Resonant Capital Advisors LLC grew its position in PepsiCo by 1.0% in the 3rd quarter. Resonant Capital Advisors LLC now owns 20,816 shares of the company’s stock worth $3,540,000 after purchasing an additional 212 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its position in PepsiCo by 22.0% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 14,150 shares of the company’s stock worth $2,406,000 after purchasing an additional 2,554 shares during the last quarter. Waypoint Capital Advisors LLC grew its position in PepsiCo by 2.8% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 5,117 shares of the company’s stock worth $870,000 after purchasing an additional 139 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its position in PepsiCo by 1.7% in the 3rd quarter. Cadent Capital Advisors LLC now owns 20,710 shares of the company’s stock worth $3,522,000 after purchasing an additional 340 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.2 %

Shares of NASDAQ PEP opened at $175.06 on Friday. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The company has a market cap of $240.18 billion, a PE ratio of 25.82, a P/E/G ratio of 3.28 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average of $173.78 and a two-hundred day moving average of $172.14.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The company’s revenue was down .6% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays reduced their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.