PepsiCo, Inc. $PEP Shares Purchased by Talbot Financial LLC

Talbot Financial LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,565 shares of the company’s stock after buying an additional 5,805 shares during the quarter. Talbot Financial LLC’s holdings in PepsiCo were worth $11,315,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the first quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in PepsiCo in the 2nd quarter valued at about $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Finally, Frazier Financial Advisors LLC raised its position in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $149.37 on Friday. The business has a 50-day moving average of $148.04 and a two-hundred day moving average of $142.74. The firm has a market capitalization of $204.24 billion, a PE ratio of 28.40, a P/E/G ratio of 5.18 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

Analysts Set New Price Targets

Several analysts have commented on PEP shares. Jefferies Financial Group lifted their target price on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. HSBC raised their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Wells Fargo & Company increased their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.75.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods 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.