Nabity Jensen Investment Management Inc Buys New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Nabity Jensen Investment Management Inc purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,266 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group boosted its stake in PepsiCo by 28.0% during the second quarter. Cooper Financial Group now owns 3,904 shares of the company’s stock valued at $644,000 after buying an additional 853 shares during the last quarter. M&G Plc grew its holdings in shares of PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its position in PepsiCo by 104.3% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 24,060 shares of the company’s stock worth $3,961,000 after purchasing an additional 12,281 shares during the last quarter. Foguth Wealth Management LLC. lifted its position in PepsiCo by 44.4% during the second quarter. Foguth Wealth Management LLC. now owns 2,802 shares of the company’s stock valued at $462,000 after purchasing an additional 861 shares during the last quarter. Finally, Bank Pictet & Cie Asia Ltd. grew its stake in shares of PepsiCo by 22.8% in the 2nd quarter. Bank Pictet & Cie Asia Ltd. now owns 51,628 shares of the company’s stock worth $8,515,000 after buying an additional 9,596 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.8 %

Shares of PepsiCo stock opened at $157.79 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market cap of $216.49 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.94 and a beta of 0.52. The firm’s 50-day moving average is $166.83 and its two-hundred day moving average is $169.56. PepsiCo, Inc. has a 1 year low of $155.85 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. PepsiCo’s revenue was down .6% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, December 6th. PepsiCo’s dividend payout ratio is currently 79.94%.

Analysts Set New Price Targets

PEP has been the subject of a number of analyst reports. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $183.92.

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.