PepsiCo, Inc. (NASDAQ:PEP) Holdings Cut by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,400 shares of the company’s stock after selling 400 shares during the quarter. PepsiCo comprises 1.6% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 12th largest position. SS&H Financial Advisors Inc.’s holdings in PepsiCo were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Kelly Financial Services LLC lifted its position in PepsiCo by 5.0% in the 3rd quarter. Kelly Financial Services LLC now owns 2,207 shares of the company’s stock valued at $375,000 after purchasing an additional 106 shares during the last quarter. Marcum Wealth LLC increased its stake in shares of PepsiCo by 2.1% in the third quarter. Marcum Wealth LLC now owns 9,086 shares of the company’s stock valued at $1,545,000 after purchasing an additional 189 shares during the period. CWM LLC raised its holdings in shares of PepsiCo by 7.2% during the third quarter. CWM LLC now owns 236,744 shares of the company’s stock valued at $40,258,000 after buying an additional 15,888 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in PepsiCo by 1.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 85,509 shares of the company’s stock worth $14,541,000 after buying an additional 1,480 shares in the last quarter. Finally, True North Advisors LLC increased its position in PepsiCo by 4.5% in the 3rd quarter. True North Advisors LLC now owns 4,704 shares of the company’s stock valued at $800,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

Shares of PEP traded up $0.34 during midday trading on Thursday, reaching $172.88. 1,767,474 shares of the stock were exchanged, compared to its average volume of 5,496,523. The company has a market cap of $237.67 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 3.07 and a beta of 0.53. The firm has a 50 day simple moving average of $173.62 and a 200-day simple moving average of $172.06. PepsiCo, Inc. has a 12-month low of $157.43 and a 12-month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.13 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

Wall Street Analyst Weigh In

PEP has been the topic of several research analyst reports. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, 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 report on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $184.07.

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.