Quotient Wealth Partners LLC Has $1.21 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Quotient Wealth Partners LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,122 shares of the company’s stock after selling 1,102 shares during the period. Quotient Wealth Partners LLC’s holdings in PepsiCo were worth $1,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Flossbach Von Storch AG raised its holdings in shares of PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after acquiring an additional 1,832,385 shares in the last quarter. PineStone Asset Management Inc. increased its position in PepsiCo by 125.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after purchasing an additional 1,523,631 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of PepsiCo by 429.3% during the 1st quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after purchasing an additional 1,179,922 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of PepsiCo during the 1st quarter valued at about $166,243,000. Finally, Legal & General Group Plc increased its holdings in PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after buying an additional 905,468 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.19 during mid-day trading on Thursday, reaching $172.73. The stock had a trading volume of 2,195,343 shares, compared to its average volume of 5,498,111. The firm has a market cap of $237.47 billion, a PE ratio of 24.95, a P/E/G ratio of 3.07 and a beta of 0.53. 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, Inc. has a one year low of $157.43 and a one year high of $183.41. The firm’s 50 day simple moving average is $173.62 and its 200 day simple moving average is $172.06.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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. The firm 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%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.13 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.14%. PepsiCo’s payout ratio is presently 78.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group decreased their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $184.07.

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.