9,557 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,557 shares of the company’s stock, valued at approximately $1,742,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Richwood Investment Advisors LLC raised its holdings in shares of PepsiCo by 0.8% during the 1st quarter. Richwood Investment Advisors LLC now owns 6,826 shares of the company’s stock worth $1,244,000 after acquiring an additional 55 shares in the last quarter. German American Bancorp Inc. raised its stake in PepsiCo by 3.2% during the first quarter. German American Bancorp Inc. now owns 1,754 shares of the company’s stock valued at $320,000 after purchasing an additional 55 shares in the last quarter. Adamsbrown Wealth Consultants LLC lifted its position in PepsiCo by 0.8% during the first quarter. Adamsbrown Wealth Consultants LLC now owns 6,646 shares of the company’s stock valued at $1,212,000 after purchasing an additional 56 shares during the last quarter. Proquility Private Wealth Partners LLC increased its holdings in shares of PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after buying an additional 57 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV raised its position in shares of PepsiCo by 3.8% during the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,589 shares of the company’s stock valued at $290,000 after buying an additional 58 shares in the last quarter. 71.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Wedbush lifted their price target on shares of PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Royal Bank of Canada upped their target price on PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. Evercore ISI increased their target price on PepsiCo from $190.00 to $195.00 in a research note on Friday, July 14th. Finally, Barclays reduced their price target on shares of PepsiCo from $206.00 to $198.00 in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $192.00.

PepsiCo Stock Up 0.4 %

Shares of PEP stock traded up $0.75 during trading hours on Wednesday, reaching $179.02. 244,505 shares of the company’s stock were exchanged, compared to its average volume of 4,612,299. PepsiCo, Inc. has a fifty-two week low of $160.98 and a fifty-two week high of $196.88. The stock’s 50 day moving average is $182.98 and its 200-day moving average is $184.63. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The company has a market cap of $246.44 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 2.90 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 13th. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $21.73 billion. During the same period last year, the business earned $1.86 EPS. PepsiCo’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio is presently 88.62%.

PepsiCo Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.