Scott Capital Advisors LLC Buys Shares of 1,185 PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

Scott Capital Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 1,185 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Independence Bank of Kentucky boosted its position in PepsiCo by 18.2% during the 3rd quarter. Independence Bank of Kentucky now owns 29,564 shares of the company’s stock valued at $5,027,000 after acquiring an additional 4,562 shares in the last quarter. Clarius Group LLC lifted its holdings in shares of PepsiCo by 5.2% during the 3rd quarter. Clarius Group LLC now owns 10,571 shares of the company’s stock valued at $1,783,000 after purchasing an additional 525 shares during the last quarter. CCM Investment Advisers LLC lifted its holdings in shares of PepsiCo by 2.3% during the 3rd quarter. CCM Investment Advisers LLC now owns 68,796 shares of the company’s stock valued at $11,699,000 after purchasing an additional 1,544 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of PepsiCo by 3.4% during the 3rd quarter. Albion Financial Group UT now owns 38,869 shares of the company’s stock valued at $6,610,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of PepsiCo by 5.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 7,667 shares of the company’s stock valued at $1,304,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $0.53 during trading on Friday, reaching $173.52. 581,470 shares of the company traded hands, compared to its average volume of 5,488,380. The firm’s fifty day simple moving average is $173.59 and its 200 day simple moving average is $172.07. The stock has a market cap of $238.07 billion, a P/E ratio of 25.51, a PEG ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $157.43 and a 12-month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating 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 business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter last year, the business posted $2.25 EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. 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 research note on Friday, October 4th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. Finally, 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 research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $184.07.

Check Out Our Latest Stock Report on PEP

PepsiCo Company Profile

(Free Report)

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.

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