Chapin Davis Inc. Has $1.94 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Chapin Davis Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,425 shares of the company’s stock after buying an additional 84 shares during the period. Chapin Davis Inc.’s holdings in PepsiCo were worth $1,943,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Valued Wealth Advisors LLC lifted its stake in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $30,000. Finally, Fortis Group Advisors LLC raised 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 valued at $33,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5 %

PEP stock opened at $167.21 on Tuesday. The stock has a 50-day simple moving average of $173.80 and a two-hundred day simple moving average of $172.11. PepsiCo, Inc. has a twelve month low of $157.43 and a twelve month high of $183.41. The firm has a market capitalization of $229.67 billion, a PE ratio of 24.27, a PEG ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.13 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Jefferies Financial Group decreased their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays reduced their price objective on PepsiCo from $187.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 1st. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $185.29.

About PepsiCo

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.