Creative Planning Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Creative Planning decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 526,640 shares of the company’s stock after selling 6,391 shares during the quarter. Creative Planning’s holdings in PepsiCo were worth $89,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its holdings in PepsiCo by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after purchasing an additional 905,468 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of PepsiCo by 7.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock worth $1,673,632,000 after buying an additional 700,092 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of PepsiCo by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock valued at $1,221,089,000 after buying an additional 561,465 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in PepsiCo by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock worth $846,030,000 after acquiring an additional 57,322 shares in the last quarter. Finally, Flossbach Von Storch AG raised its stake in PepsiCo by 67.2% during the 1st 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 during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $175.06 on Friday. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The firm has a market capitalization of $240.18 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. The company has a fifty day simple moving average of $173.78 and a two-hundred day simple moving average of $172.14. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating 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 firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter 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 fiscal year.

PepsiCo Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday, September 20th. Finally, Barclays dropped their price target on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.