Generate Investment Management Ltd Buys New Shares in PepsiCo, Inc. $PEP

Generate Investment Management Ltd purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 72,359 shares of the company’s stock, valued at approximately $10,162,000.

Several other institutional investors have also recently made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its position 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 purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1%

PEP opened at $144.16 on Wednesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The company’s 50-day moving average price is $146.91 and its two-hundred day moving average price is $143.68. The stock has a market cap of $197.12 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 4.98 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 (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the business posted $2.31 EPS. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on PEP shares. Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday, October 23rd. Jefferies Financial Group lifted their price target on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group boosted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. BNP Paribas Exane cut their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Evercore ISI upped their price target on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus 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.