Today, Henderson Group PLC Reached $31,141,000 position of PepsiCo Inc. (PEP)

Today, Henderson Group PLC Reached $31,141,000 position  of PepsiCo Inc. (PEP)
Henderson Group PLC decreased its position in shares of PepsiCo Inc. (NYSE:PEP) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,311 shares of the company’s stock after selling 15,624 shares during the period. Henderson Group PLC’s holdings in PepsiCo were worth $31,141,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PEP. Ironwood Investment Counsel LLC raised its stake in shares of PepsiCo by 8.3% in the first quarter. Ironwood Investment Counsel LLC now owns 46,174 shares of the company’s stock worth $4,731,000 after buying an additional 3,551 shares during the period. Simmons Bank bought a new stake in shares of PepsiCo during the first quarter worth about $5,091,000. Arete Wealth Advisors LLC raised its stake in shares of PepsiCo by 22.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,686 shares of the company’s stock worth $275,000 after buying an additional 490 shares during the period. Geode Capital Management LLC raised its stake in shares of PepsiCo by 4.8% in the first quarter. Geode Capital Management LLC now owns 12,518,040 shares of the company’s stock worth $1,280,408,000 after buying an additional 573,839 shares during the period. Finally, Marshall & Sullivan Inc. WA raised its stake in shares of PepsiCo by 1.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 29,130 shares of the company’s stock worth $2,985,000 after buying an additional 286 shares during the period. Institutional investors own 69.57% of the company’s stock.

PepsiCo Inc. (NYSE:PEP) traded up 0.63% during mid-day trading on Friday, reaching $102.17. The company’s stock had a trading volume of 3,644,945 shares. The company has a market cap of $146.53 billion, a price-to-earnings ratio of 22.42 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 stock’s 50 day moving average is $105.22 and its 200 day moving average is $105.82.

PepsiCo (NYSE:PEP) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the 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 earned $16 billion during the quarter. During the same quarter in the prior year, the company earned $1.35 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts predict that PepsiCo Inc. will post $4.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.7525 per share. The ex-dividend date is Wednesday, November 30th. This represents a $3.01 annualized dividend and a yield of 2.95%. PepsiCo’s dividend payout ratio is currently 66.01%.

PEP has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a report on Monday, October 3rd. Bank of America Corp. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a report on Friday, September 30th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $122.00 price objective on shares of PepsiCo in a report on Friday, September 30th. Jefferies Group reaffirmed a “buy” rating and issued a $122.00 price objective (down previously from $124.00) on shares of PepsiCo in a report on Friday, September 30th. Finally, Vetr raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective for the company in a report on Wednesday, September 7th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $113.71.

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