Carlton Hofferkamp & Jenks Wealth Management LLC Acquires 193 Shares of PepsiCo, Inc. (NASDAQ:PEP)


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Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the first quarter, Holdings Channel.com reports. The fund owned 11,610 shares of the company’s stock after purchasing an additional 193 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in PepsiCo were worth $1,659,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. increased its holdings in PepsiCo by 2.1% in the 4th quarter. Braun Stacey Associates Inc. now owns 136,187 shares of the company’s stock valued at $20,197,000 after buying an additional 2,747 shares during the period. O Shares Investment Advisers LLC boosted its stake in shares of PepsiCo by 10.1% in the 4th quarter. O Shares Investment Advisers LLC now owns 94,351 shares of the company’s stock valued at $13,992,000 after purchasing an additional 8,688 shares in the last quarter. Steel Peak Wealth Management LLC boosted its stake in shares of PepsiCo by 102.6% in the 4th quarter. Steel Peak Wealth Management LLC now owns 8,936 shares of the company’s stock valued at $1,325,000 after purchasing an additional 4,525 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of PepsiCo by 5.6% in the 4th quarter. Tompkins Financial Corp now owns 47,445 shares of the company’s stock valued at $7,036,000 after purchasing an additional 2,505 shares in the last quarter. Finally, Lowell Blake & Associates Inc. boosted its position in PepsiCo by 3.2% during the 4th quarter. Lowell Blake & Associates Inc. now owns 31,053 shares of the company’s stock worth $4,605,000 after buying an additional 962 shares during the period. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

PEP stock traded down $0.02 on Tuesday, reaching $145.77. The company’s stock had a trading volume of 125,222 shares, compared to its average volume of 5,645,717. The business has a fifty day simple moving average of $141.53 and a two-hundred day simple moving average of $140.48. PepsiCo, Inc. has a 12-month low of $126.53 and a 12-month high of $148.77. The firm has a market cap of $201.40 billion, a PE ratio of 28.91, a PEG ratio of 3.63 and a beta of 0.57. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $14.82 billion during the quarter, compared to analyst estimates of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were issued a dividend of $1.0225 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 annualized dividend and a dividend yield of 2.81%. PepsiCo’s payout ratio is presently 73.96%.

Several research firms recently commented on PEP. UBS Group upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $165.00 in a research report on Tuesday, April 27th. Wolfe Research began coverage on shares of PepsiCo in a research report on Monday, April 19th. They issued a “peer perform” rating on the stock. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Friday, February 12th. Royal Bank of Canada downgraded shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Finally, Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research report on Monday, March 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $149.23.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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