North Dallas Bank & Trust Co. Invests $1.90 Million in PepsiCo, Inc. $PEP

North Dallas Bank & Trust Co. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,355 shares of the company’s stock, valued at approximately $1,895,000. PepsiCo makes up 1.4% of North Dallas Bank & Trust Co.’s holdings, making the stock its 17th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. JSF Financial LLC grew its holdings in shares of PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Binnacle Investments Inc lifted its position in PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. Dogwood Wealth Management LLC grew its stake in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after buying an additional 72 shares in the last quarter. Weaver Consulting Group increased its holdings in PepsiCo by 2.9% in the 2nd quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock valued at $341,000 after buying an additional 72 shares during the period. Finally, Joel Isaacson & Co. LLC raised its position in shares of PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $150.65 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $205.99 billion, a PE ratio of 28.64, a PEG ratio of 5.20 and a beta of 0.42. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The business has a 50-day simple moving average of $147.30 and a two-hundred day simple moving average of $142.29.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the business posted $2.31 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be paid 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 dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Tuesday, October 21st. Loop Capital set a $164.00 price objective on PepsiCo in a research report on Thursday, October 23rd. Rothschild & Co Redburn lifted their target price on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Finally, Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.