DRW Securities LLC Buys 1,591 Shares of PepsiCo, Inc. (NASDAQ:PEP)

DRW Securities LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 59.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,250 shares of the company’s stock after purchasing an additional 1,591 shares during the period. DRW Securities LLC’s holdings in PepsiCo were worth $723,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Kennedy Capital Management LLC bought a new position in PepsiCo in the 1st quarter valued at $4,342,000. Montchanin Asset Management LLC bought a new position in PepsiCo during the first quarter valued at about $771,000. CCM Investment Advisers LLC increased its holdings in PepsiCo by 9.8% during the first quarter. CCM Investment Advisers LLC now owns 64,807 shares of the company’s stock worth $11,342,000 after buying an additional 5,784 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in PepsiCo by 3.1% in the first quarter. Strategic Wealth Partners Ltd. now owns 3,438 shares of the company’s stock valued at $602,000 after acquiring an additional 102 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of PepsiCo during the 1st quarter valued at approximately $504,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $183.92.

PepsiCo Trading Down 0.5 %

Shares of PEP stock opened at $162.16 on Wednesday. The business has a 50-day moving average price of $168.43 and a two-hundred day moving average price of $170.66. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The firm has a market cap of $222.48 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.34%. PepsiCo’s payout ratio is 79.94%.

PepsiCo Profile

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.