Traub Capital Management LLC Purchases Shares of 874 PepsiCo, Inc. $PEP

Traub Capital Management LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 874 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC lifted its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new position in PepsiCo during the second quarter worth $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.1%

Shares of PEP opened at $147.11 on Thursday. The stock has a 50 day simple moving average of $145.28 and a 200-day simple moving average of $140.32. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $201.15 billion, a PE ratio of 27.97, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $165.13.

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

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PEP shares. The Goldman Sachs Group increased their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Rothschild & Co Redburn upped their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.95.

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.