Arrow Financial Corp Lowers Position in Pepsico, Inc. (PEP)

Arrow Financial Corp reduced its position in Pepsico, Inc. (NYSE:PEP) by 4.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 48,164 shares of the company’s stock after selling 2,235 shares during the period. Pepsico accounts for approximately 1.3% of Arrow Financial Corp’s portfolio, making the stock its 18th largest holding. Arrow Financial Corp’s holdings in Pepsico were worth $5,367,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barnett & Company Inc. grew its holdings in Pepsico by 270.4% during the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after buying an additional 657 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Pepsico during the 2nd quarter valued at about $111,000. Asset Planning Services Ltd. grew its holdings in Pepsico by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock valued at $116,000 after buying an additional 3 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Pepsico by 5.9% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock valued at $138,000 after buying an additional 67 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 70.08% of the company’s stock.

A number of research firms have weighed in on PEP. Zacks Investment Research raised Pepsico from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Deutsche Bank began coverage on Pepsico in a report on Wednesday, December 13th. They set a “buy” rating and a $132.00 target price for the company. Susquehanna Bancshares reaffirmed a “buy” rating and set a $135.00 target price on shares of Pepsico in a report on Monday, October 2nd. Jefferies Group lowered Pepsico from a “buy” rating to a “hold” rating and reduced their target price for the company from $133.00 to $108.00 in a report on Monday, October 2nd. Finally, BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.73.

In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

Pepsico, Inc. (PEP) opened at $118.61 on Wednesday. Pepsico, Inc. has a twelve month low of $101.06 and a twelve month high of $119.74. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $167,883.98, a PE ratio of 23.06, a PEG ratio of 3.32 and a beta of 0.68.

Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Pepsico’s revenue was up 1.3% on a year-over-year basis. research analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s payout ratio is 66.53%.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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