Franklin Street Advisors Inc. NC Increases Position in PepsiCo, Inc. $PEP

Franklin Street Advisors Inc. NC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3,459.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,722 shares of the company’s stock after acquiring an additional 189,251 shares during the period. PepsiCo accounts for 1.6% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 21st largest position. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $27,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Finally, Frazier Financial Advisors LLC increased its position in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. Piper Sandler raised their price objective on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Rothschild & Co Redburn raised their price target on PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a report on Monday, December 15th. BNP Paribas Exane cut their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wall Street Zen raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $158.75.

PepsiCo Price Performance

Shares of PEP opened at $148.16 on Friday. The business’s 50-day moving average is $148.00 and its two-hundred day moving average is $142.86. The company has a market capitalization of $202.59 billion, a P/E ratio of 28.17, a P/E/G ratio of 5.15 and a beta of 0.42. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $2.31 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

PepsiCo Company 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.