Independent Family Office LLC Buys 492 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Independent Family Office LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 37.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,792 shares of the company’s stock after acquiring an additional 492 shares during the period. Independent Family Office LLC’s holdings in PepsiCo were worth $306,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Park Avenue Securities LLC grew its stake in PepsiCo by 3.9% during the 2nd quarter. Park Avenue Securities LLC now owns 56,892 shares of the company’s stock valued at $9,383,000 after purchasing an additional 2,110 shares during the last quarter. Matrix Trust Co boosted its stake in shares of PepsiCo by 7.3% in the second quarter. Matrix Trust Co now owns 6,410 shares of the company’s stock worth $1,057,000 after buying an additional 436 shares during the last quarter. Greenfield Savings Bank boosted its stake in shares of PepsiCo by 1.0% in the second quarter. Greenfield Savings Bank now owns 8,712 shares of the company’s stock worth $1,437,000 after buying an additional 87 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of PepsiCo by 51.4% in the second quarter. Aprio Wealth Management LLC now owns 4,482 shares of the company’s stock worth $739,000 after buying an additional 1,522 shares during the last quarter. Finally, CGN Advisors LLC boosted its position in PepsiCo by 13.2% during the second quarter. CGN Advisors LLC now owns 21,478 shares of the company’s stock worth $3,542,000 after purchasing an additional 2,509 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Finally, TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Stock Down 0.9 %

NASDAQ:PEP traded down $1.47 during midday trading on Tuesday, reaching $161.58. The company had a trading volume of 262,152 shares, compared to its average volume of 5,452,262. The firm has a market capitalization of $221.69 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.05 and a beta of 0.52. The stock’s fifty day simple moving average is $167.61 and its 200-day simple moving average is $170.16. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $2.25 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.