TradeLink Capital LLC Takes $330,000 Position in PepsiCo, Inc. $PEP

TradeLink Capital LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $330,000. PepsiCo comprises about 1.0% of TradeLink Capital LLC’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of PepsiCo in the second quarter worth approximately $2,330,594,000. Nuveen LLC purchased a new position in PepsiCo during the 1st quarter valued at $946,978,000. Laurel Wealth Advisors LLC grew its position in PepsiCo by 14,420.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock valued at $513,726,000 after acquiring an additional 3,863,893 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo in the second quarter worth $460,110,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Evercore ISI upped their price target on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Wall Street Zen raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday. BNP Paribas Exane dropped their target price 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. Citigroup decreased their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, Loop Capital set a $164.00 price objective on PepsiCo in a research note on Thursday, October 23rd. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.90.

PepsiCo Trading Up 0.6%

NASDAQ:PEP opened at $148.91 on Monday. The firm has a 50-day simple moving average of $146.01 and a 200-day simple moving average of $141.18. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $163.65. The firm has a market cap of $203.61 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

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.