Quantinno Capital Management LP Acquires 24,589 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Quantinno Capital Management LP raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 34.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,283 shares of the company’s stock after purchasing an additional 24,589 shares during the quarter. Quantinno Capital Management LP’s holdings in PepsiCo were worth $16,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. BDF Gestion acquired a new position in PepsiCo during the second quarter worth approximately $2,643,000. CCM Investment Advisers LLC boosted its stake in shares of PepsiCo by 3.8% in the second quarter. CCM Investment Advisers LLC now owns 67,252 shares of the company’s stock valued at $11,092,000 after buying an additional 2,445 shares during the period. Bath Savings Trust Co boosted its stake in shares of PepsiCo by 1.8% in the second quarter. Bath Savings Trust Co now owns 74,172 shares of the company’s stock valued at $12,233,000 after buying an additional 1,285 shares during the period. Norway Savings Bank raised its position in PepsiCo by 6.1% during the second quarter. Norway Savings Bank now owns 12,247 shares of the company’s stock valued at $2,020,000 after purchasing an additional 701 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in PepsiCo by 2.8% during the second quarter. Capital Investment Advisors LLC now owns 39,088 shares of the company’s stock valued at $6,447,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.9 %

PEP opened at $160.18 on Thursday. The company has a 50 day moving average of $167.26 and a 200 day moving average of $169.94. The company has a current ratio of 0.89, a quick ratio of 0.70 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. The company has a market cap of $219.77 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.01 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the firm earned $2.25 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a report on Thursday, October 10th. Royal Bank of Canada cut their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.