Duncan Williams Asset Management LLC Has $837,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Duncan Williams Asset Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,922 shares of the company’s stock after acquiring an additional 1,010 shares during the period. Duncan Williams Asset Management LLC’s holdings in PepsiCo were worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Global Wealth Strategies & Associates increased its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. POM Investment Strategies LLC increased its holdings in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new position in PepsiCo in the 2nd quarter worth about $30,000. Finally, Fortis Group Advisors LLC increased its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

PEP stock opened at $168.53 on Friday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The stock’s 50 day moving average is $173.90 and its 200-day moving average is $172.13. The firm has a market capitalization of $231.49 billion, a PE ratio of 24.46, a P/E/G ratio of 2.93 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the company earned $2.09 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. Royal Bank of Canada lowered their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group decreased their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research note on Friday, July 19th. Finally, TD Cowen cut their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.43.

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.