Bcwm LLC Buys Shares of 37,060 PepsiCo, Inc. $PEP

Bcwm LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,060 shares of the company’s stock, valued at approximately $4,893,000. PepsiCo accounts for 1.6% of Bcwm LLC’s holdings, making the stock its 29th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the first quarter worth about $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of PepsiCo during the second quarter worth $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.1%

Shares of PepsiCo stock opened at $150.65 on Friday. The company has a fifty day simple moving average of $147.30 and a 200-day simple moving average of $142.22. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $205.99 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 5.14 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released 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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. PepsiCo’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Piper Sandler upped their target price on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $151.00 to $164.00 in a research report on Wednesday. Finally, BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $158.35.

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.