Clayton Financial Group LLC Makes New Investment in PepsiCo, Inc. $PEP

Clayton Financial Group LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,207 shares of the company’s stock, valued at approximately $872,000. PepsiCo comprises approximately 0.6% of Clayton Financial Group LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds also recently bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in PepsiCo in the 2nd quarter worth about $27,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC boosted its position in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.0%

Shares of PEP opened at $143.64 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15. The stock’s 50-day moving average is $147.47 and its two-hundred day moving average is $143.23. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market cap of $196.40 billion, a PE ratio of 27.31, a P/E/G ratio of 4.96 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PEP shares. UBS Group reaffirmed a “buy” rating and set a $172.00 price target on shares of PepsiCo in a research report on Tuesday, December 9th. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Piper Sandler increased their target price on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. upgraded PepsiCo from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $151.00 to $164.00 in a report on Wednesday, December 10th. Finally, Evercore ISI boosted their target price on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.75.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.