Alpine Woods Capital Investors LLC Buys 20,684 Shares of PepsiCo, Inc. $PEP

Alpine Woods Capital Investors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 148.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,639 shares of the company’s stock after buying an additional 20,684 shares during the quarter. PepsiCo comprises about 1.1% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 28th largest position. Alpine Woods Capital Investors LLC’s holdings in PepsiCo were worth $4,865,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Finally, Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Jefferies Financial Group upped their target price on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Finally, UBS Group restated a “buy” rating and issued a $172.00 price target on shares of PepsiCo in a research report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $158.75.

PepsiCo Trading Down 0.0%

PEP opened at $143.64 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The firm has a market capitalization of $196.40 billion, a PE ratio of 27.31, a P/E/G ratio of 4.96 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. The company’s 50-day moving average is $147.65 and its 200 day moving average is $143.23.

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

PepsiCo Dividend Announcement

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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

PepsiCo 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.