Clayton Financial Group LLC Makes New Investment in PepsiCo, Inc. $PEP

Clayton Financial Group LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,207 shares of the company’s stock, valued at approximately $872,000. PepsiCo makes up 0.6% of Clayton Financial Group LLC’s holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC grew its position in shares of PepsiCo by 107.1% during the second 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 last quarter. Finally, Frazier Financial Advisors LLC increased its holdings 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 acquiring an additional 122 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. UBS Group reissued a “buy” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Tuesday, December 9th. Bank of America increased 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. HSBC raised their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Barclays upped their price objective on PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Finally, Piper Sandler lifted their target price on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $158.75.

PepsiCo Price Performance

Shares of PEP opened at $143.64 on Friday. 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 stock’s 50 day moving average is $147.47 and its two-hundred day moving average is $143.23. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month 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.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS 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 business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the firm earned $2.31 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

About PepsiCo

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.