PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by RFP Financial Group LLC

RFP Financial Group LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 91.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,756 shares of the company’s stock after purchasing an additional 6,101 shares during the period. PepsiCo makes up about 0.7% of RFP Financial Group LLC’s investment portfolio, making the stock its 27th biggest holding. RFP Financial Group LLC’s holdings in PepsiCo were worth $2,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PEP. Fermata Advisors LLC bought a new position in shares of PepsiCo during the first quarter worth about $205,000. Retirement Planning Group LLC acquired a new stake in shares of PepsiCo during the 1st quarter valued at approximately $208,000. DLK Investment Management LLC boosted its holdings in PepsiCo by 2.9% in the first quarter. DLK Investment Management LLC now owns 34,950 shares of the company’s stock worth $6,117,000 after purchasing an additional 970 shares during the period. Thompson Investment Management Inc. raised its holdings in shares of PepsiCo by 5.6% during the first quarter. Thompson Investment Management Inc. now owns 4,769 shares of the company’s stock worth $835,000 after purchasing an additional 254 shares during the period. Finally, Prentice Wealth Management LLC lifted its position in shares of PepsiCo by 7.7% in the 1st quarter. Prentice Wealth Management LLC now owns 3,540 shares of the company’s stock worth $620,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a research note on Friday, September 20th. Jefferies Financial Group decreased their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Finally, BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $183.92.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP traded down $1.10 during mid-day trading on Tuesday, reaching $173.91. 524,388 shares of the company traded hands, compared to its average volume of 5,472,973. The company’s fifty day moving average is $173.86 and its two-hundred day moving average is $172.19. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The stock has a market cap of $239.09 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The business’s revenue was down .6% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.12%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

PepsiCo Company Profile

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.