PepsiCo, Inc. $PEP Shares Bought by Holocene Advisors LP

Holocene Advisors LP increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2,437.1% during the second quarter, Holdings Channel reports. The fund owned 1,913,529 shares of the company’s stock after purchasing an additional 1,838,108 shares during the quarter. Holocene Advisors LP’s holdings in PepsiCo were worth $252,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after buying an additional 1,761,785 shares during the last quarter. State Street Corp boosted its position in PepsiCo by 1.6% during the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock worth $7,713,757,000 after acquiring an additional 920,045 shares during the period. Geode Capital Management LLC increased its holdings in shares of PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Finally, Norges Bank acquired a new stake in PepsiCo in the second quarter worth about $2,330,594,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $150.65 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market cap of $205.99 billion, a PE ratio of 28.64, a P/E/G ratio of 5.14 and a beta of 0.42. The business has a fifty day simple moving average of $147.30 and a 200-day simple moving average of $142.22. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analysts Set New Price Targets

A number of analysts have commented on PEP shares. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Tuesday, October 21st. Evercore ISI boosted their target price on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Barclays boosted their price objective on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $158.35.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.