874 Shares in PepsiCo, Inc. $PEP Purchased by Traub Capital Management LLC

Traub Capital Management LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 874 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds have also modified their holdings of the stock. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter worth approximately $25,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at $29,000. Frazier Financial Advisors LLC boosted its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Investment Research & Advisory Group Inc. raised its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in PepsiCo in the second quarter valued at approximately $45,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.1%

NASDAQ:PEP opened at $147.11 on Thursday. The business’s 50-day simple moving average is $145.28 and its 200-day simple moving average is $140.32. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $165.13. 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 $201.15 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, December 5th. PepsiCo’s dividend payout ratio is 108.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Jefferies Financial Group increased their target price on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Rothschild & Co Redburn increased their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Finally, Barclays lifted their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $156.95.

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.