Scientech Research LLC Purchases Shares of 1,970 PepsiCo, Inc. (NASDAQ:PEP)

Scientech Research LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,970 shares of the company’s stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of the company. Valued Wealth Advisors LLC increased its holdings in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the period. POM Investment Strategies LLC lifted its position in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $30,000. Fortis Group Advisors LLC grew its holdings in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo during the 1st quarter valued at $35,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.0 %

Shares of NASDAQ PEP opened at $170.05 on Tuesday. The stock has a market cap of $233.58 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The firm has a 50-day moving average of $173.82 and a 200 day moving average of $172.12.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. TD Cowen decreased their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada lowered their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Jefferies Financial Group cut their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. BNP Paribas started coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $185.20.

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.