Trade Report: The Monarch Capital Management Inc. Buys 72 Shares of PepsiCo Inc. (PEP)

The Monarch Capital Management Inc. Buys 72 Shares of PepsiCo Inc. (PEP)

Monarch Capital Management Inc. boosted its stake in shares of PepsiCo Inc. (NYSE:PEP) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,880 shares of the company’s stock after buying an additional 72 shares during the period. Monarch Capital Management Inc.’s holdings in PepsiCo were worth $2,706,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. D. Scott Neal Inc. raised its position in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares during the period. Delphi Private Advisors LLC boosted its stake in shares of 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 in the last quarter. Piershale Financial Group Inc. boosted 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 valued at $106,000 after buying an additional 4 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of PepsiCo by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock valued at $117,000 after buying an additional 528 shares in the last quarter. Finally, Stelac Advisory Services LLC boosted its stake in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock valued at $126,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

PepsiCo Inc. (NYSE:PEP) traded up 0.63% during mid-day trading on Friday, hitting $102.17. The company’s stock had a trading volume of 3,644,945 shares. The company has a market cap of $146.53 billion, a P/E ratio of 22.42 and a beta of 0.54. The firm’s 50-day moving average is $105.22 and its 200-day moving average is $105.82. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94.

PepsiCo (NYSE:PEP) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. The firm earned $16 billion during the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 EPS. Analysts predict that PepsiCo Inc. will post $4.81 EPS for the current fiscal year.

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

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and set a $118.00 target price on shares of PepsiCo in a report on Wednesday, August 10th. restated an “outperform” rating on shares of PepsiCo in a report on Monday, August 22nd. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Morgan Stanley restated an “overweight” rating and set a $121.00 target price on shares of PepsiCo in a report on Friday, September 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $120.00 target price (up from $116.00) 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 stock. PepsiCo currently has a consensus rating of “Buy” and an average target price of $113.71.

PepsiCo Company Profile

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.

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