PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Exeter Financial LLC

Exeter Financial LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,128 shares of the company’s stock after buying an additional 2,165 shares during the quarter. PepsiCo comprises approximately 2.0% of Exeter Financial LLC’s holdings, making the stock its 15th largest position. Exeter Financial LLC’s holdings in PepsiCo were worth $4,443,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PEP. Capital Advisors Ltd. LLC raised its position in PepsiCo by 3.6% during the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after buying an additional 139 shares during the period. Norden Group LLC boosted its stake in shares of PepsiCo by 3,345.6% during the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after acquiring an additional 174,171 shares in the last quarter. Marion Wealth Management boosted its stake in shares of PepsiCo by 6.3% during the 1st quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after acquiring an additional 494 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of PepsiCo by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock worth $121,486,000 after acquiring an additional 11,485 shares in the last quarter. Finally, Meyer Handelman Co. boosted its stake in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after acquiring an additional 9,465 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays decreased their target price on PepsiCo from $187.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $185.29.

PepsiCo Stock Performance

PEP opened at $167.21 on Tuesday. The business’s 50-day moving average price is $173.80 and its two-hundred day moving average price is $172.11. PepsiCo, Inc. has a 1 year low of $157.43 and a 1 year high of $183.41. The company has a market capitalization of $229.67 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 3.07 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 (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.13 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business 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. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio 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.