Vista Investment Partners LLC Acquires 371 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vista Investment Partners LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 25,283 shares of the company’s stock after buying an additional 371 shares during the period. PepsiCo accounts for 1.4% of Vista Investment Partners LLC’s portfolio, making the stock its 25th largest position. Vista Investment Partners LLC’s holdings in PepsiCo were worth $4,299,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Valued Wealth Advisors LLC grew its position in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC lifted its position in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter worth $30,000. Finally, Mattson Financial Services LLC bought a new position in PepsiCo in the 2nd quarter worth $34,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.1 %

PepsiCo stock opened at $174.67 on Friday. 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 firm has a market cap of $240.13 billion, a PE ratio of 25.35, a P/E/G ratio of 3.11 and a beta of 0.53. The stock’s 50 day simple moving average is $173.73 and its two-hundred day simple moving average is $172.12. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (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 business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the firm posted $2.25 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio is currently 78.66%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays decreased their price target 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. JPMorgan Chase & Co. cut their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Jefferies Financial Group reduced their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price 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.