Quantitative Systematic Strategies LLC Purchases Shares of 9,968 Pepsico, Inc. (PEP)

Quantitative Systematic Strategies LLC purchased a new position in shares of Pepsico, Inc. (NYSE:PEP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,968 shares of the company’s stock, valued at approximately $1,111,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barnett & Company Inc. grew its position in shares of 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 during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Pepsico during the 2nd quarter valued at about $111,000. Asset Planning Services Ltd. grew its position in shares of 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 during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of 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 during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position in shares of 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 during the last quarter. 70.08% of the stock is owned by institutional investors.

In other news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

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

Shares of Pepsico, Inc. (PEP) opened at $118.05 on Tuesday. The firm has a market cap of $169,526.55, a P/E ratio of 23.28, a PEG ratio of 3.35 and a beta of 0.68. Pepsico, Inc. has a one year low of $101.06 and a one year high of $119.74. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s dividend payout ratio is currently 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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