Lawson Kroeker Investment Management Inc. NE lowered its position in PepsiCo Inc. (NYSE:PEP) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 17,750 shares of the company’s stock after selling 50 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in PepsiCo were worth $1,931,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. D. Scott Neal Inc. boosted its stake in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. boosted its stake in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Delphi Private Advisors LLC boosted its stake in shares of PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock valued at $106,000 after buying an additional 13 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock valued at $117,000 after buying an additional 528 shares during the last quarter. Finally, Stelac Advisory Services LLC boosted its stake in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock valued at $126,000 after buying an additional 145 shares during the last quarter. 69.19% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

PepsiCo Inc. (NYSE:PEP) traded down 1.66% on Wednesday, hitting $100.10. The stock had a trading volume of 8,123,491 shares. The firm has a market cap of $143.56 billion, a PE ratio of 21.96 and a beta of 0.54. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94. The company’s 50 day moving average is $104.86 and its 200 day moving average is $105.74.

PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm had revenue of $16 billion for the quarter. During the same quarter in the previous year, the business posted $1.35 EPS. PepsiCo’s revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo Inc. will post $4.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, November 30th. PepsiCo’s payout ratio is currently 66.01%.

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A number of equities analysts have weighed in on PEP shares. Sanford C. Bernstein reissued an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a research note on Wednesday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $121.00 price target on shares of PepsiCo in a research note on Friday, September 30th. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th. Bank of America Corp. reaffirmed a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a research note on Thursday, September 22nd. Finally, reaffirmed an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.71.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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