Keb Asset Management LLC Purchases New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Keb Asset Management LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,199 shares of the company’s stock, valued at approximately $528,000.

Several other large investors have also recently made changes to their positions in the business. Valued Wealth Advisors LLC grew its position in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in PepsiCo in the 1st quarter valued at approximately $35,000. True Wealth Design LLC boosted its stake in PepsiCo by 812.0% during the 4th quarter. True Wealth Design LLC now owns 228 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth $41,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.13 during trading hours on Friday, reaching $175.87. 5,283,617 shares of the company traded hands, compared to its average volume of 5,466,141. The firm has a 50-day moving average price of $169.18 and a 200 day moving average price of $170.68. The company has a market cap of $241.57 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The company’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PEP shares. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, TD Cowen dropped their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $185.53.

About PepsiCo

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.