Nisa Investment Advisors LLC Raises Stock Position in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Nisa Investment Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 852,795 shares of the company’s stock after buying an additional 82,721 shares during the period. PepsiCo comprises 0.5% of Nisa Investment Advisors LLC’s holdings, making the stock its 25th largest holding. Nisa Investment Advisors LLC owned approximately 0.06% of PepsiCo worth $119,767,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Claris Advisors LLC MO raised its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares during the period. Foster Group Inc. lifted its holdings in shares of PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares during the period. Fulton Bank N.A. increased its holdings in PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after purchasing an additional 620 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $872,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 1.7%

NASDAQ PEP opened at $139.37 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $160.15. The firm has a 50 day moving average of $145.54 and a two-hundred day moving average of $144.02. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $190.57 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 4.49 and a beta of 0.42.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo’s payout ratio is presently 108.17%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Piper Sandler raised their target price on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, December 9th. HSBC boosted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. UBS Group reissued a “buy” rating and issued a $172.00 price objective on shares of PepsiCo in a research note on Tuesday, December 9th. Finally, Bank of America lifted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $158.68.

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PepsiCo Profile

(Free Report)

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.

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