PepsiCo, Inc. $PEP Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,656 shares of the company’s stock after acquiring an additional 83,857 shares during the quarter. Douglas Lane & Associates LLC’s holdings in PepsiCo were worth $54,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in PepsiCo in the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its holdings 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 in the last quarter. Finally, Frazier Financial Advisors LLC increased its position in shares of 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 purchasing an additional 122 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on PEP shares. Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company upped their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Jefferies Financial Group raised their target price on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Citigroup upped their price target on PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Finally, HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Trading Down 0.8%

PEP opened at $148.16 on Friday. The firm has a market cap of $202.59 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 5.11 and a beta of 0.42. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15. The business’s 50 day moving average is $148.00 and its two-hundred day moving average is $142.94. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.