PepsiCo, Inc. $PEP Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,353 shares of the company’s stock after acquiring an additional 6,478 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in PepsiCo were worth $4,932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its position in shares of PepsiCo by 18.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 56,284 shares of the company’s stock valued at $7,432,000 after purchasing an additional 8,666 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of PepsiCo by 64.6% in the second quarter. Headlands Technologies LLC now owns 104,637 shares of the company’s stock worth $13,816,000 after buying an additional 41,061 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in PepsiCo by 11.0% in the second quarter. Strategic Investment Advisors MI now owns 2,114 shares of the company’s stock valued at $279,000 after acquiring an additional 210 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in PepsiCo by 16.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,343,335 shares of the company’s stock valued at $309,825,000 after acquiring an additional 338,332 shares during the last quarter. Finally, 44 Wealth Management LLC grew its holdings in PepsiCo by 0.9% during the 2nd quarter. 44 Wealth Management LLC now owns 15,162 shares of the company’s stock worth $2,002,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Jefferies Financial Group upped their price objective on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $158.35.

PepsiCo Trading Up 1.1%

Shares of NASDAQ PEP opened at $150.65 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a market cap of $205.99 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock’s 50 day simple moving average is $147.30 and its 200 day simple moving average is $142.29.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is presently 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.