Coppell Advisory Solutions LLC Takes Position in PepsiCo, Inc. $PEP

Coppell Advisory Solutions LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent filing with the SEC. The firm purchased 9,864 shares of the company’s stock, valued at approximately $1,293,000.

Several other large investors have also recently bought and sold shares of PEP. Marex Group plc bought a new position in shares of PepsiCo during the second quarter worth $3,078,000. Advisory Services Network LLC lifted its holdings in PepsiCo by 23.4% during the second quarter. Advisory Services Network LLC now owns 82,490 shares of the company’s stock worth $11,377,000 after acquiring an additional 15,639 shares in the last quarter. Old North State Trust LLC grew its stake in PepsiCo by 7.7% in the second quarter. Old North State Trust LLC now owns 4,472 shares of the company’s stock valued at $590,000 after acquiring an additional 319 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of PepsiCo by 16.4% in the second quarter. Geneos Wealth Management Inc. now owns 16,485 shares of the company’s stock worth $2,177,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Kestra Investment Management LLC raised its position in shares of PepsiCo by 103.1% during the second quarter. Kestra Investment Management LLC now owns 5,517 shares of the company’s stock worth $729,000 after purchasing an additional 2,801 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.1%

Shares of PEP stock opened at $150.65 on Monday. The firm’s fifty day moving average price is $147.30 and its two-hundred day moving average price is $142.37. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $205.99 billion, a P/E ratio of 28.64, a PEG ratio of 5.20 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating 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 company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the company earned $2.31 EPS. PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is currently 108.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. Bank of America boosted their price objective on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Piper Sandler increased their price objective on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $158.35.

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.