Godsey & Gibb Associates Has $15.74 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)


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Godsey & Gibb Associates raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,573 shares of the company’s stock after buying an additional 1,006 shares during the quarter. PepsiCo accounts for about 2.4% of Godsey & Gibb Associates’ portfolio, making the stock its 15th largest position. Godsey & Gibb Associates’ holdings in PepsiCo were worth $15,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Horst & Graben Wealth Management LLC raised its stake in shares of PepsiCo by 1.1% in the third quarter. Horst & Graben Wealth Management LLC now owns 6,305 shares of the company’s stock worth $874,000 after purchasing an additional 71 shares during the last quarter. Connecticut Wealth Management LLC raised its stake in PepsiCo by 2.3% during the third quarter. Connecticut Wealth Management LLC now owns 3,220 shares of the company’s stock worth $446,000 after purchasing an additional 73 shares during the period. Centric Wealth Management raised its stake in shares of PepsiCo by 4.7% in the 3rd quarter. Centric Wealth Management now owns 1,720 shares of the company’s stock valued at $230,000 after acquiring an additional 77 shares during the period. Strategy Asset Managers LLC raised its stake in shares of PepsiCo by 1.3% in the 2nd quarter. Strategy Asset Managers LLC now owns 5,875 shares of the company’s stock valued at $777,000 after acquiring an additional 78 shares during the period. Finally, MADDEN SECURITIES Corp raised its stake in shares of PepsiCo by 1.2% in the 3rd quarter. MADDEN SECURITIES Corp now owns 6,404 shares of the company’s stock valued at $888,000 after acquiring an additional 78 shares during the period. 70.16% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Kirk Tanner sold 12,500 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $136.81, for a total value of $1,710,125.00. Following the completion of the transaction, the chief executive officer now owns 95,645 shares in the company, valued at approximately $13,085,192.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

NASDAQ PEP traded up $0.10 on Friday, hitting $143.42. 3,469,179 shares of the stock were exchanged, compared to its average volume of 5,224,156. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 2.79. PepsiCo, Inc. has a fifty-two week low of $101.42 and a fifty-two week high of $147.20. The company has a market cap of $198.20 billion, a PE ratio of 28.40, a PEG ratio of 3.90 and a beta of 0.57. The company has a 50-day moving average price of $139.58 and a 200-day moving average price of $135.62.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 1st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.49 by $0.17. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The company had revenue of $18.09 billion during the quarter, compared to analysts’ expectations of $17.24 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Friday, December 4th will be issued a $1.0225 dividend. This represents a $4.09 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, December 3rd. PepsiCo’s payout ratio is 73.96%.

A number of equities research analysts have recently issued reports on PEP shares. UBS Group boosted their price target on shares of PepsiCo from $140.00 to $146.00 in a research note on Friday, October 2nd. Morgan Stanley boosted their price target on shares of PepsiCo from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Friday, September 18th. BidaskClub downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Finally, Truist lifted their price objective on shares of PepsiCo from $130.00 to $135.00 in a report on Friday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $144.13.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

Further Reading: How is net asset value different from market price?

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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