Brown Brothers Harriman & Co. Has $32.45 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brown Brothers Harriman & Co. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 190,837 shares of the company’s stock after purchasing an additional 4,034 shares during the period. Brown Brothers Harriman & Co.’s holdings in PepsiCo were worth $32,452,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in shares of PepsiCo by 7.1% during the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock valued at $334,000 after buying an additional 130 shares in the last quarter. Boston Family Office LLC grew its stake in PepsiCo by 1.3% during the 3rd quarter. Boston Family Office LLC now owns 59,659 shares of the company’s stock valued at $10,145,000 after acquiring an additional 753 shares in the last quarter. DRW Securities LLC increased its holdings in shares of PepsiCo by 59.8% in the 3rd quarter. DRW Securities LLC now owns 4,250 shares of the company’s stock valued at $723,000 after purchasing an additional 1,591 shares during the period. Concentric Wealth Management LLC lifted its position in shares of PepsiCo by 0.5% in the third quarter. Concentric Wealth Management LLC now owns 35,212 shares of the company’s stock worth $5,988,000 after purchasing an additional 164 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of PepsiCo by 52.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 63,271 shares of the company’s stock worth $10,757,000 after purchasing an additional 21,671 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 1.0 %

PEP stock opened at $162.00 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a 50-day moving average of $169.01 and a two-hundred day moving average of $170.89. The stock has a market capitalization of $222.26 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut their price target on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research note on Friday, September 20th. Finally, Bank of America reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.92.

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.