Sivia Capital Partners LLC Has $1.49 Million Stock Position in PepsiCo, Inc. $PEP

Sivia Capital Partners LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 62.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,629 shares of the company’s stock after buying an additional 4,102 shares during the quarter. PepsiCo comprises approximately 0.4% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Sivia Capital Partners LLC’s holdings in PepsiCo were worth $1,493,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Weaver Capital Management LLC grew its stake in shares of PepsiCo by 1.4% during the third quarter. Weaver Capital Management LLC now owns 6,718 shares of the company’s stock worth $944,000 after purchasing an additional 94 shares during the period. Brown Shipley& Co Ltd boosted its holdings in PepsiCo by 9.5% during the third quarter. Brown Shipley& Co Ltd now owns 879 shares of the company’s stock worth $123,000 after buying an additional 76 shares during the last quarter. LVW Advisors LLC grew its position in shares of PepsiCo by 3.5% during the 3rd quarter. LVW Advisors LLC now owns 18,316 shares of the company’s stock worth $2,572,000 after buying an additional 613 shares during the period. Lawson Kroeker Investment Management Inc. NE increased its stake in shares of PepsiCo by 1.5% in the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 17,810 shares of the company’s stock valued at $2,501,000 after acquiring an additional 263 shares during the last quarter. Finally, waypoint wealth counsel boosted its stake in PepsiCo by 145.3% during the 3rd quarter. waypoint wealth counsel now owns 7,074 shares of the company’s stock worth $993,000 after acquiring an additional 4,190 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.3%

PEP stock opened at $144.24 on Tuesday. 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 capitalization of $197.23 billion, a P/E ratio of 27.42, a P/E/G ratio of 4.96 and a beta of 0.42. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The business has a 50-day moving average of $147.09 and a 200-day moving average of $143.59.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group reissued a “buy” rating and issued a $172.00 price target on shares of PepsiCo in a report on Tuesday, December 9th. Barclays lifted their target price on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Bank of America raised their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upgraded PepsiCo from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $151.00 to $164.00 in a research report on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price 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.