Pepsico, Inc. (PEP) Shares Bought by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. lifted its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,955 shares of the company’s stock after purchasing an additional 21,717 shares during the quarter. Rockefeller Financial Services Inc.’s holdings in Pepsico were worth $14,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted 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 acquiring an additional 3 shares during the period. Accurate Investment Solutions Inc. boosted its holdings in Pepsico by 0.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock valued at $214,000 after acquiring an additional 5 shares during the period. Northwest Wealth Management LLC boosted its holdings in Pepsico by 0.4% during the 2nd quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock valued at $290,000 after acquiring an additional 11 shares during the period. Sunbelt Securities Inc. boosted its holdings in Pepsico by 0.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,682 shares of the company’s stock valued at $541,000 after acquiring an additional 12 shares during the period. Finally, Willingdon Wealth Management boosted its holdings in Pepsico by 0.3% during the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 70.08% of the company’s stock.

Shares of Pepsico, Inc. (PEP) opened at $118.26 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market capitalization of $168,760.00, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68. Pepsico, Inc. has a 12-month low of $101.06 and a 12-month high of $119.74.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The company had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. equities research analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio is currently 66.53%.

In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this link. 0.26% of the stock is owned by company insiders.

A number of equities analysts recently commented on PEP shares. Jefferies Group cut Pepsico from a “buy” rating to a “hold” rating and lowered their target price for the company from $133.00 to $108.00 in a report on Monday, October 2nd. Credit Suisse Group cut Pepsico from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $124.00 in a report on Friday, September 8th. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Royal Bank of Canada restated a “hold” rating and set a $115.00 target price on shares of Pepsico in a report on Wednesday, September 6th. Finally, Deutsche Bank restated a “buy” rating and set a $122.00 target price (down from $125.00) on shares of Pepsico in a report on Friday, October 6th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $122.73.

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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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