Greenleaf Trust Has $9.36 Million Stock Holdings in PepsiCo, Inc. $PEP

Greenleaf Trust lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,673 shares of the company’s stock after selling 10,139 shares during the quarter. Greenleaf Trust’s holdings in PepsiCo were worth $9,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in PepsiCo by 1.3% in the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after purchasing an additional 1,761,785 shares in the last quarter. State Street Corp lifted 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 buying an additional 920,045 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PepsiCo by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock worth $4,301,240,000 after buying an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after acquiring an additional 2,556,163 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo in the second quarter valued at about $2,330,594,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays raised their price target on PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Jefferies Financial Group increased their price objective on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $151.00 to $164.00 in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $158.75.

PepsiCo Trading Down 1.6%

Shares of NASDAQ:PEP opened at $139.92 on Tuesday. 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 business has a 50 day moving average of $146.11 and a 200-day moving average of $144.03. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The stock has a market cap of $191.32 billion, a PE ratio of 26.60, a P/E/G ratio of 4.66 and a beta of 0.42.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.