Orser Capital Management LLC Has $2.76 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Orser Capital Management LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,226 shares of the company’s stock after purchasing an additional 75 shares during the quarter. PepsiCo accounts for about 2.1% of Orser Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Orser Capital Management LLC’s holdings in PepsiCo were worth $2,759,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted 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 valued at $28,000 after buying an additional 69 shares during the period. Global Wealth Strategies & Associates lifted its position in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the second quarter worth $30,000. Finally, Fortis Group Advisors LLC lifted its position 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $0.56 on Friday, hitting $167.97. The company had a trading volume of 4,391,321 shares, compared to its average volume of 5,492,783. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The stock has a market cap of $230.92 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.93 and a beta of 0.53. The stock has a 50 day moving average price of $173.80 and a 200 day moving average price of $172.10. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. TD Cowen dropped their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $185.29.

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.