Drucker Wealth 3.0 LLC Has $1.51 Million Stake in PepsiCo, Inc. $PEP

Drucker Wealth 3.0 LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 282.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,731 shares of the company’s stock after purchasing an additional 7,926 shares during the period. Drucker Wealth 3.0 LLC’s holdings in PepsiCo were worth $1,507,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $27,000. JCIC Asset Management Inc. bought a new position in shares of PepsiCo during the 3rd quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of PepsiCo by 107.1% in the second 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 last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $37,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Tuesday, October 21st. UBS Group restated a “buy” rating and set a $190.00 price objective on shares of PepsiCo in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price target on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. BNP Paribas Exane set a $191.00 price objective on PepsiCo in a research report on Wednesday, February 4th. Finally, Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.83.

PepsiCo Trading Down 2.4%

NASDAQ:PEP opened at $161.92 on Wednesday. The firm’s 50 day moving average is $150.36 and its 200 day moving average is $147.51. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock has a market capitalization of $221.29 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, February 2nd. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The business had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is 94.83%.

PepsiCo declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.