PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Compton Wealth Advisory Group LLC

by · The Markets Daily

Compton Wealth Advisory Group LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,024 shares of the company’s stock after buying an additional 100 shares during the quarter. Compton Wealth Advisory Group LLC’s holdings in PepsiCo were worth $2,045,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Advisors Ltd. LLC lifted its holdings in PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares during the period. Norden Group LLC increased its stake in shares of PepsiCo by 3,345.6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after acquiring an additional 174,171 shares during the period. Marion Wealth Management boosted its stake in PepsiCo by 6.3% during the 1st quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock valued at $1,467,000 after purchasing an additional 494 shares in the last quarter. Meyer Handelman Co. increased its position in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock valued at $44,412,000 after purchasing an additional 9,465 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of PepsiCo in the first quarter valued at $28,366,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $174.81 on Friday. The firm’s 50 day moving average price is $173.52 and its two-hundred day moving average price is $172.08. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $157.43 and a 52-week high of $183.41. The stock has a market cap of $240.33 billion, a PE ratio of 25.37, a PEG ratio of 3.11 and a beta of 0.53.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the prior year, the business posted $2.25 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research note on Thursday. TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $190.00 to $183.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday. Royal Bank of Canada reduced their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Finally, Jefferies Financial Group reduced their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $183.92.

Check Out Our Latest Research Report on PepsiCo

PepsiCo Company 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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