2,862 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by McClarren Financial Advisors Inc.

Key Points

• McClarren Financial Advisors Inc. has acquired 2,862 shares of PepsiCo, valued at approximately $419,000, indicating growing institutional interest in the company.
• PepsiCo reported a quarterly earnings per share of $2.12, surpassing the consensus estimate by $0.09, contributing to a revenue of $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, reflecting a 4.1% dividend yield despite a high payout ratio of 103.64%.

McClarren Financial Advisors Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,862 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Prudential PLC raised its holdings in shares of PepsiCo by 333.6% in the fourth quarter. Prudential PLC now owns 14,408 shares of the company's stock worth $2,191,000 after acquiring an additional 11,085 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in PepsiCo by 21.6% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 10,038 shares of the company's stock valued at $1,526,000 after purchasing an additional 1,781 shares during the last quarter. Finally, Sierra Summit Advisors LLC increased its stake in PepsiCo by 18.2% in the fourth quarter. Sierra Summit Advisors LLC now owns 2,718 shares of the company's stock valued at $413,000 after purchasing an additional 419 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Citigroup upped their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Up 0.2%

PEP opened at $139.56 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $191.07 billion, a P/E ratio of 25.42, a P/E/G ratio of 3.71 and a beta of 0.45. The stock's 50 day moving average price is $134.83 and its 200 day moving average price is $140.77.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

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.

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