Drucker Wealth 3.0 LLC Buys 7,926 Shares of PepsiCo, Inc. $PEP

Drucker Wealth 3.0 LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 282.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,731 shares of the company’s stock after purchasing an additional 7,926 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in PepsiCo were worth $1,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Vanguard Group Inc. increased its stake in PepsiCo by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after purchasing an additional 1,761,785 shares in the last quarter. State Street Corp lifted its holdings in PepsiCo by 1.6% in the second quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after acquiring an additional 920,045 shares during the period. Geode Capital Management LLC grew its position in PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after buying an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares during the period. Finally, Norges Bank acquired a new stake in PepsiCo in the 2nd quarter valued at $2,330,594,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 2.4%

Shares of PEP stock opened at $161.92 on Wednesday. The stock has a fifty day moving average of $150.36 and a two-hundred day moving average of $147.51. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The firm has a market capitalization of $221.29 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.96 billion. During the same period in the previous year, the firm posted $1.96 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is presently 94.83%.

PepsiCo announced that its Board of Directors has approved a share repurchase program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Morgan Stanley lifted their price target on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. 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. Piper Sandler increased their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. BNP Paribas Exane set a $191.00 price target on PepsiCo in a report on Wednesday, February 4th. Finally, Barclays lifted their target price on shares of PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $167.83.

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.