Exxonmobil Investment Management Inc. TX lowered its position in shares of PepsiCo Inc. (NYSE:PEP) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 367,468 shares of the company’s stock after selling 6,420 shares during the period. PepsiCo comprises 0.8% of Exxonmobil Investment Management Inc. TX’s investment portfolio, making the stock its 25th largest position. Exxonmobil Investment Management Inc. TX’s holdings in PepsiCo were worth $39,969,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. 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 period. 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 period. 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 period. 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 period. 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 period. 69.19% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.59% during trading on Wednesday, reaching $101.19. 651,079 shares of the company were exchanged. The stock has a market capitalization of $145.12 billion, a P/E ratio of 22.20 and a beta of 0.54. The firm has a 50-day moving average price of $105.13 and a 200-day moving average price of $105.79. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94.

PepsiCo (NYSE:PEP) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The business earned $16 billion during the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. Equities research analysts predict that PepsiCo Inc. will post $4.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio is currently 66.01%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective (up from $116.00) on shares of PepsiCo in a research note on Friday, September 30th. Jefferies Group reissued a “buy” rating and set a $122.00 price objective (down from $124.00) on shares of PepsiCo in a research note on Friday, September 30th. 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. Finally, Morgan Stanley reissued an “overweight” rating and set a $121.00 price objective on shares of PepsiCo in a research note on Friday, September 30th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $113.71.

PepsiCo Company Profile

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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