Todays Report: Today, PepsiCo Inc. (PEP) Position Held by Baker Chad R

Today, PepsiCo Inc. (PEP) Position Held by Baker Chad R

Baker Chad R held its stake in PepsiCo Inc. (NYSE:PEP) during the third quarter, Holdings Channel reports. The firm owned 21,000 shares of the company’s stock at the end of the third quarter. Baker Chad R’s holdings in PepsiCo were worth $2,284,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PEP. Piershale Financial Group Inc. increased its stake in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in PepsiCo by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,320 shares of the company’s stock valued at $139,000 after buying an additional 4 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in PepsiCo by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 1,832 shares of the company’s stock valued at $199,000 after buying an additional 9 shares during the last quarter. Delphi Private Advisors LLC increased its stake in PepsiCo by 1.3% in the second quarter. Delphi Private Advisors LLC now owns 1,002 shares of the company’s stock valued at $106,000 after buying an additional 13 shares during the last quarter. Finally, Redmond Asset Management LLC increased its stake in PepsiCo by 0.3% in the second quarter. Redmond Asset Management LLC now owns 7,183 shares of the company’s stock valued at $761,000 after buying an additional 18 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

PepsiCo Inc. (NYSE:PEP) traded up 0.63% during midday trading on Friday, hitting $102.17. The stock had a trading volume of 3,644,945 shares. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94. The firm has a 50-day moving average price of $105.22 and a 200-day moving average price of $105.82. The firm has a market capitalization of $146.53 billion, a price-to-earnings ratio of 22.42 and a beta of 0.54.

PepsiCo (NYSE:PEP) last released its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, November 30th. PepsiCo’s dividend payout ratio is presently 66.01%.

Several analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective (up previously from $116.00) on shares of PepsiCo in a report on Friday, September 30th. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, September 22nd. Jefferies Group restated a “buy” rating and set a $122.00 price objective (down previously from $124.00) on shares of PepsiCo in a report on Friday, September 30th. Sanford C. Bernstein restated an “outperform” rating and set a $118.00 price objective on shares of PepsiCo in a report on Wednesday, August 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $121.00 price objective on shares of PepsiCo in a report on Friday, September 30th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $113.71.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

Related posts

Leave a Comment