Home Federal Bank of Tennessee Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Home Federal Bank of Tennessee boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,717 shares of the company’s stock after purchasing an additional 200 shares during the period. PepsiCo comprises about 0.7% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 21st biggest position. Home Federal Bank of Tennessee’s holdings in PepsiCo were worth $2,333,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Meixler Investment Management Ltd. raised its holdings in PepsiCo by 4.4% in the 2nd quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock valued at $228,000 after acquiring an additional 58 shares during the last quarter. Opes Wealth Management LLC boosted its stake in PepsiCo by 2.2% during the second quarter. Opes Wealth Management LLC now owns 2,748 shares of the company’s stock worth $453,000 after buying an additional 59 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in shares of 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 acquiring an additional 59 shares during the last quarter. Bank of Stockton increased its position in PepsiCo by 2.3% during the second quarter. Bank of Stockton now owns 2,716 shares of the company’s stock worth $448,000 after purchasing an additional 60 shares during the last quarter. Finally, Oxbow Advisors LLC raised its position in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company’s stock valued at $1,481,000 after buying an additional 60 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP traded down $1.11 during mid-day trading on Tuesday, hitting $173.90. 526,024 shares of the company’s stock were exchanged, compared to its average volume of 5,472,683. The firm has a market capitalization of $239.08 billion, a P/E ratio of 25.40, a P/E/G ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $183.41. The business’s 50 day moving average is $173.86 and its two-hundred day moving average is $172.19. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.12%. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, TD Cowen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the stock from $190.00 to $183.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Company 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.