Hamilton Capital LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Hamilton Capital LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,107 shares of the company’s stock after purchasing an additional 346 shares during the period. Hamilton Capital LLC’s holdings in PepsiCo were worth $848,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Global Wealth Strategies & Associates lifted its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth about $28,000. POM Investment Strategies LLC boosted its position in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after buying an additional 106 shares during the period. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Down 0.8 %

PepsiCo stock opened at $157.79 on Monday. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The stock has a market capitalization of $216.49 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The firm has a 50 day simple moving average of $166.83 and a 200-day simple moving average of $169.56. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.43%. PepsiCo’s payout ratio is currently 79.94%.

PepsiCo Company 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.