Kathmere Capital Management LLC Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Kathmere Capital Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 60.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,737 shares of the company’s stock after purchasing an additional 1,028 shares during the period. Kathmere Capital Management LLC’s holdings in PepsiCo were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ausdal Financial Partners Inc. raised its stake in shares of PepsiCo by 0.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,951 shares of the company’s stock worth $1,178,000 after buying an additional 64 shares during the period. Mosaic Family Wealth LLC raised its stake in shares of PepsiCo by 0.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 8,507 shares of the company’s stock worth $1,260,000 after buying an additional 65 shares during the period. Loudon Investment Management LLC raised its stake in shares of PepsiCo by 0.7% during the 2nd quarter. Loudon Investment Management LLC now owns 9,948 shares of the company’s stock worth $1,474,000 after buying an additional 67 shares during the period. OLD Dominion Capital Management Inc. raised its stake in shares of PepsiCo by 0.3% during the 3rd quarter. OLD Dominion Capital Management Inc. now owns 22,634 shares of the company’s stock worth $3,404,000 after buying an additional 67 shares during the period. Finally, Peninsula Asset Management Inc. raised its stake in shares of PepsiCo by 0.3% during the 2nd quarter. Peninsula Asset Management Inc. now owns 26,322 shares of the company’s stock worth $3,900,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Shares of NASDAQ PEP traded down $1.51 during mid-day trading on Thursday, reaching $163.74. The company had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. The stock has a market cap of $226.40 billion, a P/E ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62. The firm has a 50 day simple moving average of $158.84 and a two-hundred day simple moving average of $154.23. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.32. PepsiCo, Inc. has a 52-week low of $128.32 and a 52-week high of $166.80.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.06. PepsiCo had a net margin of 10.62% and a return on equity of 58.31%. The firm had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. During the same quarter in the prior year, the business earned $1.66 EPS. PepsiCo’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 6.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Stockholders of record on Friday, December 3rd will be paid a $1.075 dividend. This represents a $4.30 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, December 2nd. PepsiCo’s dividend payout ratio (DPR) is presently 73.25%.

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 6th. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a report on Monday, August 9th. Guggenheim increased their price target on PepsiCo from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 21st. Evercore ISI reiterated a “hold” rating and set a $160.00 price target on shares of PepsiCo in a report on Thursday, October 7th. Finally, UBS Group increased their price target on PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.86.

In other news, CFO Hugh F. Johnston sold 37,266 shares of the firm’s stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $160.30, for a total value of $5,973,739.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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