PepsiCo, Inc. $PEP Stock Holdings Boosted by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,990 shares of the company’s stock after purchasing an additional 3,549 shares during the quarter. Sowell Financial Services LLC’s holdings in PepsiCo were worth $5,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of PepsiCo during the second quarter worth approximately $2,330,594,000. Laurel Wealth Advisors LLC raised its stake in PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock valued at $513,726,000 after acquiring an additional 3,863,893 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in PepsiCo during the 2nd quarter worth $460,110,000. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of PepsiCo by 19.5% during the second quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after purchasing an additional 2,541,455 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PEP shares. Jefferies Financial Group increased their target price on shares of PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $158.75.

PepsiCo Price Performance

NASDAQ PEP opened at $143.78 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The stock’s 50-day moving average price is $147.27 and its two-hundred day moving average price is $143.41. The company has a market cap of $196.60 billion, a PE ratio of 27.33, a PEG ratio of 4.96 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is presently 108.17%.

PepsiCo 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.