Integris Wealth Management LLC Acquires 319 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Integris Wealth Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,440 shares of the company’s stock after purchasing an additional 319 shares during the period. Integris Wealth Management LLC’s holdings in PepsiCo were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PEP. First Bancorp Inc ME boosted its holdings in PepsiCo by 3.9% in the 3rd quarter. First Bancorp Inc ME now owns 4,479 shares of the company’s stock worth $762,000 after buying an additional 170 shares during the period. Meridiem Investment Management Ltd. bought a new stake in PepsiCo during the 3rd quarter valued at approximately $323,000. Raymond James & Associates boosted its stake in PepsiCo by 7.1% in the 3rd quarter. Raymond James & Associates now owns 2,272,043 shares of the company’s stock worth $386,361,000 after purchasing an additional 149,849 shares during the period. NovaPoint Capital LLC raised its position in shares of PepsiCo by 1.6% during the third quarter. NovaPoint Capital LLC now owns 23,588 shares of the company’s stock valued at $4,011,000 after buying an additional 369 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of PepsiCo by 40.8% during the third quarter. Blue Trust Inc. now owns 35,602 shares of the company’s stock worth $5,872,000 after acquiring an additional 10,309 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

Shares of PepsiCo stock traded up $0.39 on Friday, reaching $175.06. The stock had a trading volume of 5,097,170 shares, compared to its average volume of 5,492,675. The company has a 50 day moving average price of $173.78 and a 200 day moving average price of $172.13. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $158.03 and a 1 year high of $183.41. The stock has a market capitalization of $240.18 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.28 and a beta of 0.53.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Barclays cut their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group lowered their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BNP Paribas began coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $183.92.

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.