Capital Advisors Inc. OK Acquires 7,045 Shares of PepsiCo, Inc. $PEP

Capital Advisors Inc. OK raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,215,939 shares of the company’s stock after acquiring an additional 7,045 shares during the period. PepsiCo accounts for about 5.2% of Capital Advisors Inc. OK’s investment portfolio, making the stock its biggest holding. Capital Advisors Inc. OK owned about 0.16% of PepsiCo worth $311,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Vanguard Group Inc. increased its position in PepsiCo by 1.3% in the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after buying an additional 1,761,785 shares during the period. State Street Corp increased its holdings in shares of PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock worth $7,713,757,000 after acquiring an additional 920,045 shares during the period. Geode Capital Management LLC lifted its position in PepsiCo by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $3,833,406,000 after purchasing an additional 2,556,163 shares during the period. Finally, Norges Bank acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $2,330,594,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $142.23 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month 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 50-day moving average of $146.37 and a two-hundred day moving average of $143.85. The company has a market capitalization of $194.48 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 4.66 and a beta of 0.42.

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

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. upgraded shares of PepsiCo from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $151.00 to $164.00 in a research note on Wednesday, December 10th. Piper Sandler raised their target price on shares of PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Finally, Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research report on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $158.75.

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.