Coppell Advisory Solutions LLC Makes New $1.29 Million Investment in PepsiCo, Inc. $PEP

Coppell Advisory Solutions LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,864 shares of the company’s stock, valued at approximately $1,293,000.

A number of other institutional investors have also made changes to their positions in PEP. Marex Group plc bought a new stake in PepsiCo in the 2nd quarter valued at $3,078,000. Advisory Services Network LLC increased its holdings in shares of PepsiCo by 23.4% in the second quarter. Advisory Services Network LLC now owns 82,490 shares of the company’s stock valued at $11,377,000 after purchasing an additional 15,639 shares during the last quarter. Old North State Trust LLC lifted its stake in shares of PepsiCo by 7.7% during the 2nd quarter. Old North State Trust LLC now owns 4,472 shares of the company’s stock worth $590,000 after buying an additional 319 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of PepsiCo by 16.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,485 shares of the company’s stock worth $2,177,000 after buying an additional 2,328 shares during the period. Finally, Kestra Investment Management LLC grew its stake in PepsiCo by 103.1% in the 2nd quarter. Kestra Investment Management LLC now owns 5,517 shares of the company’s stock valued at $729,000 after buying an additional 2,801 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Piper Sandler upped their price objective on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, December 9th. Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday, October 23rd. Finally, Barclays upped their price target on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.35.

PepsiCo Stock Performance

PEP opened at $150.65 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $160.15. The firm has a market cap of $205.99 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42. The business’s fifty day moving average is $147.30 and its 200-day moving average is $142.37.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

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.