Caldwell Trust Co Purchases New Shares in PepsiCo, Inc. $PEP

Caldwell Trust Co acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 33,068 shares of the company’s stock, valued at approximately $4,366,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $2,330,594,000. Laurel Wealth Advisors LLC boosted its stake in shares of PepsiCo by 14,420.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock valued at $513,726,000 after buying an additional 3,863,893 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo during the second quarter worth approximately $460,110,000. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after acquiring an additional 2,556,163 shares during the period. Finally, Franklin Resources Inc. raised its holdings in PepsiCo by 19.5% in the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $150.65 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market cap of $205.99 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 5.20 and a beta of 0.42. The firm has a 50 day simple moving average of $147.30 and a 200 day simple moving average of $142.37.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the business earned $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict 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 paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Ratings Changes

Several analysts have recently issued reports on PEP shares. UBS Group reissued a “buy” rating and set a $172.00 target price on shares of PepsiCo in a report on Tuesday, December 9th. Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday, October 23rd. Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. upgraded shares of PepsiCo from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $164.00 in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $158.35.

PepsiCo 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.