CCM Investment Advisers LLC Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

CCM Investment Advisers LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,252 shares of the company’s stock after buying an additional 2,445 shares during the quarter. CCM Investment Advisers LLC’s holdings in PepsiCo were worth $11,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. BDF Gestion acquired a new position in shares of PepsiCo during the second quarter worth about $2,643,000. Cadent Capital Advisors LLC lifted its position in shares of PepsiCo by 1.0% during the 2nd quarter. Cadent Capital Advisors LLC now owns 20,370 shares of the company’s stock worth $3,360,000 after purchasing an additional 210 shares during the last quarter. Talbot Financial LLC grew its stake in shares of PepsiCo by 0.9% during the second quarter. Talbot Financial LLC now owns 51,701 shares of the company’s stock worth $8,527,000 after purchasing an additional 461 shares in the last quarter. Pacifica Partners Inc. increased its holdings in PepsiCo by 69.0% in the second quarter. Pacifica Partners Inc. now owns 19,533 shares of the company’s stock valued at $3,175,000 after buying an additional 7,977 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its holdings in shares of PepsiCo by 16.9% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 7,739 shares of the company’s stock valued at $1,276,000 after acquiring an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.02 on Friday, hitting $172.39. The company had a trading volume of 3,223,028 shares, compared to its average volume of 5,538,796. The company has a market cap of $237.00 billion, a PE ratio of 25.02, a PEG ratio of 3.02 and a beta of 0.52. The business has a 50 day moving average of $168.10 and a 200 day moving average of $170.28. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $185.59. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Bank of America cut their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Royal Bank of Canada cut their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, Jefferies Financial Group lowered their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $185.53.

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.