Humankind Investments LLC Acquires 3,370 Shares of PepsiCo, Inc. $PEP

Humankind Investments LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 80.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,566 shares of the company’s stock after acquiring an additional 3,370 shares during the quarter. Humankind Investments LLC’s holdings in PepsiCo were worth $999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the first quarter worth approximately $25,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC increased its stake in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in shares of PepsiCo during the 2nd quarter valued at $39,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. The Goldman Sachs Group boosted their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. UBS Group restated a “buy” rating and issued a $172.00 target price on shares of PepsiCo in a research report on Tuesday. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Citigroup cut their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.35.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.65 on Friday. The company’s 50 day moving average price is $147.30 and its two-hundred day moving average price is $142.22. The firm has a market capitalization of $205.99 billion, a P/E ratio of 28.64, a P/E/G ratio of 5.14 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. 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 quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared 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. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

PepsiCo Company Profile

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.