PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,243 shares of the company’s stock after acquiring an additional 84 shares during the period. Magnus Financial Group LLC’s holdings in PepsiCo were worth $2,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Flossbach Von Storch AG increased its holdings in PepsiCo by 67.2% in the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after purchasing an additional 1,832,385 shares in the last quarter. Swedbank AB grew its stake in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after buying an additional 1,592,343 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in shares of PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock valued at $452,003,000 after buying an additional 1,523,631 shares during the period. Van ECK Associates Corp lifted its position in 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 acquiring an additional 1,179,922 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in PepsiCo in the first quarter valued at approximately $166,243,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock traded down $0.20 during trading on Tuesday, hitting $175.90. The company had a trading volume of 5,801,484 shares, compared to its average volume of 5,507,038. The business has a 50 day moving average of $173.56 and a 200 day moving average of $172.08. The firm has a market capitalization of $241.82 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the business posted $2.25 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. BNP Paribas began coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays reduced their target price 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 equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.