Deroy & Devereaux Private Investment Counsel Inc. Has $25.67 Million Stake in PepsiCo, Inc. $PEP

Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 48.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,803 shares of the company’s stock after purchasing an additional 59,980 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in PepsiCo were worth $25,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the second quarter valued at about $27,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC boosted its holdings in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC grew its position in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC increased its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP stock opened at $146.57 on Friday. The business has a fifty day simple moving average of $145.55 and a 200 day simple moving average of $144.51. The company has a market cap of $200.41 billion, a P/E ratio of 27.87, a P/E/G ratio of 4.78 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price target on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Rothschild & Co Redburn increased their price objective on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $158.58.

PepsiCo 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.