Graham Capital Wealth Management LLC Has $299,000 Stock Position in PepsiCo, Inc. $PEP

Graham Capital Wealth Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 23.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,268 shares of the company’s stock after purchasing an additional 435 shares during the period. Graham Capital Wealth Management LLC’s holdings in PepsiCo were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of PepsiCo by 5.9% in the 1st quarter. GW&K Investment Management LLC now owns 1,809 shares of the company’s stock valued at $271,000 after buying an additional 101 shares during the period. PFG Advisors raised its stake in PepsiCo by 8.5% during the 1st quarter. PFG Advisors now owns 8,649 shares of the company’s stock worth $1,297,000 after buying an additional 681 shares during the period. IMA Advisory Services Inc. bought a new position in PepsiCo during the first quarter worth about $82,000. Finally, Wakefield Asset Management LLLP acquired a new position in PepsiCo in the first quarter valued at about $941,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. BNP Paribas Exane cut their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Barclays increased their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, HSBC increased their target price on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Down 0.7%

NASDAQ:PEP opened at $146.10 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $165.13. The firm has a market capitalization of $199.77 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock’s 50 day moving average price is $145.31 and its two-hundred day moving average price is $140.36.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.31 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

PepsiCo 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.