Clear Creek Financial Management LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Clear Creek Financial Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,539 shares of the company’s stock after buying an additional 268 shares during the period. Clear Creek Financial Management LLC’s holdings in PepsiCo were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC lifted its position in PepsiCo by 1.5% in the second quarter. Moody Lynn & Lieberson LLC now owns 108,501 shares of the company’s stock worth $17,895,000 after buying an additional 1,607 shares during the last quarter. Shelter Ins Retirement Plan bought a new stake in shares of PepsiCo in the 2nd quarter worth about $8,415,000. Sterling Investment Counsel LLC boosted its stake in shares of PepsiCo by 2.8% during the 2nd quarter. Sterling Investment Counsel LLC now owns 5,519 shares of the company’s stock worth $910,000 after purchasing an additional 149 shares during the period. Baillie Gifford & Co. grew its holdings in PepsiCo by 2.1% during the 2nd quarter. Baillie Gifford & Co. now owns 670,967 shares of the company’s stock valued at $110,663,000 after purchasing an additional 14,069 shares during the last quarter. Finally, Fullcircle Wealth LLC bought a new stake in PepsiCo in the second quarter worth about $995,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. 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 note on Monday, July 8th. Royal Bank of Canada decreased their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. TD Cowen lowered their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $185.53.

PepsiCo Stock Up 0.1 %

PepsiCo stock opened at $175.87 on Monday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41. The business has a fifty day moving average of $169.18 and a two-hundred day moving average of $170.68. The firm has a market cap of $241.78 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

About PepsiCo

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.