Maryland Capital Advisors Inc. Acquires 330 Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Maryland Capital Advisors Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 330.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430 shares of the company’s stock after acquiring an additional 330 shares during the period. Maryland Capital Advisors Inc.’s holdings in PepsiCo were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its position in shares of PepsiCo by 3.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares in the last quarter. Norden Group LLC raised its stake in PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after buying an additional 174,171 shares during the last quarter. M&G Plc raised its stake in shares of PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock worth $70,334,000 after purchasing an additional 14,724 shares during the last quarter. OLD Second National Bank of Aurora raised its stake in shares of PepsiCo by 32.7% in the first quarter. OLD Second National Bank of Aurora now owns 23,308 shares of the company’s stock worth $4,079,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Koss Olinger Consulting LLC raised its stake in shares of PepsiCo by 1,320.5% in the first quarter. Koss Olinger Consulting LLC now owns 33,425 shares of the company’s stock worth $5,850,000 after purchasing an additional 31,072 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4 %

NASDAQ:PEP opened at $174.37 on Wednesday. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The firm has a market capitalization of $239.23 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 3.26 and a beta of 0.53. The stock has a 50 day moving average of $173.90 and a 200-day moving average of $172.23. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed 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 3.11%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Jefferies Financial Group reduced their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $183.92.

Check Out Our Latest Stock Report on PEP

PepsiCo Profile

(Free Report)

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.

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