PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,526 shares of the company’s stock after buying an additional 223 shares during the quarter. Versant Capital Management Inc’s holdings in PepsiCo were worth $600,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC lifted its position in PepsiCo by 3.6% during the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares in the last quarter. Norden Group LLC grew its stake in PepsiCo by 3,345.6% during the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after purchasing an additional 174,171 shares in the last quarter. Marion Wealth Management raised its holdings in PepsiCo by 6.3% in the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock valued at $1,467,000 after acquiring an additional 494 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in PepsiCo by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock worth $121,486,000 after buying an additional 11,485 shares during the last quarter. Finally, Meyer Handelman Co. lifted its position in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after buying an additional 9,465 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $167.21 on Tuesday. The company has a market cap of $229.67 billion, a PE ratio of 24.27, a P/E/G ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $157.43 and a 52 week high of $183.41. The company’s fifty day simple moving average is $173.80 and its 200-day simple moving average is $172.11. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.13 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.24%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is currently 78.66%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research note on Friday, September 20th. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Jefferies Financial Group reduced their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $185.29.

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.