Tectonic Advisors LLC Increases Stake in PepsiCo, Inc. $PEP

Tectonic Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,153 shares of the company’s stock after buying an additional 5,383 shares during the period. Tectonic Advisors LLC’s holdings in PepsiCo were worth $9,150,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $27,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC increased its stake in PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4%

PEP opened at $143.52 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15. The business has a 50 day moving average price of $146.56 and a two-hundred day moving average price of $143.68. 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 company has a market cap of $196.24 billion, a PE ratio of 27.29, a P/E/G ratio of 4.95 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS 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 business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PEP shares. UBS Group reaffirmed a “buy” rating and issued a $172.00 target price on shares of PepsiCo in a research report on Tuesday, December 9th. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Tuesday, October 21st. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Wells Fargo & Company upped their target price on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.75.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.