PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Boosted by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,591 shares of the company’s stock after acquiring an additional 326 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in PepsiCo were worth $4,012,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PEP. Meixler Investment Management Ltd. lifted its holdings in shares of PepsiCo by 4.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock valued at $228,000 after purchasing an additional 58 shares in the last quarter. Opes Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.2% during the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company’s stock valued at $453,000 after purchasing an additional 59 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Bank of Stockton lifted its holdings in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company’s stock valued at $448,000 after purchasing an additional 60 shares in the last quarter. Finally, Oxbow Advisors LLC lifted its holdings in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company’s stock valued at $1,481,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company cut their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $183.00 in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $184.07.

PepsiCo Stock Performance

PEP stock traded up $0.44 during trading hours on Thursday, hitting $172.98. 2,270,814 shares of the stock were exchanged, compared to its average volume of 5,499,091. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $237.81 billion, a P/E ratio of 24.95, a P/E/G ratio of 3.07 and a beta of 0.53. The company has a 50-day simple moving average of $173.62 and a two-hundred day simple moving average of $172.06. PepsiCo, Inc. has a 12 month low of $157.43 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.13 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

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.